The world’s first LNG-powered tug has completed sea trials and has begun its maiden voyage.

The shipbreaking market in India has turned distinctly bullish in the new year amidst rising steel prices and a dearth of available ships. Recyclers are looking for junk ships as increasing freight rates force owners to delay scrapping.

Kim Heng Marine & Offshore Holdings is aiming to raise SGD40m ($31.4m) from an initial public offering (IPO) on the Singapore Exchange second board Catalist.

Shanghai Zhenhua Heavy Industries (ZPMC) has clinched an order to build a deepwater derrick lay vessel for UK-based oil and has services firm Petrofac.

Taiwan's state-owned shipbuilder CSBC Corp has landed a deal to construct a pair of 1,800 teu container vessel for two different shipowners.

Rigbuilders and offshore engineers Lamprell have announced their performance for 2013 is expected to beat their previous forecasts.

Yantai CIMC Raffles Offshore has won orders to build one ice-class semi-submersible drilling rig and one multi-purpose drillship.

Vard has secured a contract to design and construct a diving support and construction vessel for an undisclosed client.

Daewoo Shipbuilding & Marine Engineering (DSME) has begun laying the keel for a new Petronas floating LNG liquefaction facility at its shipyard in Okpo, South Korea.

Petredec has ordered six more VLGCs for Hyundai Heavy Industries (HHI) with 5-10 year charters with Shell in hand for each vessel.