Mermaid Maritime has spent $436m at China Merchants Industry to order two newbuild tender rigs and one dive support vessel to boost its subsea engineering and drilling capabilities.

Samsung Heavy Industries has won contracts for five container ships worth $584m from a European owner.

ClassNK has released the first ship design software to be compliant with the new IACS Harmonised Common Structural Rules (CSR) for oil tankers and bulk carriers.

Wärtsilä has rejected a takeover offer from Rolls-Royce and there are no ongoing discussions between the two engine and equipment manufacturers.

Singapore-listed Triyards Holdings posted a rise in earnings in its first quarter ended 30 November 2013 due largely to contributions from the jobs on building self-elevating units (SEUs).

DHT Holdings has declared an option for a third VLCC newbuilding at Hyundai Heavy Industries (HHI).

Diana Shipping has ordered a 82,000-dwt kamsarmax dry bulk carrier at $28.8m from China-based Yangzhou Dayang Shipbuilding.

Seaspan Corporation has secured a $125m five year credit facility with an undisclosed private financial services firm.

Bourbon has sold another 12 vessels to ICBC Financial Leasing for $378m and has announced a sale and leaseback deal with Standard Chartered Bank for six of its newbuilds.

Sinotrans Shipping has entered into a deal to construct four 64,000 dwt bulkers at an affiliated Chinese shipyard for a total cost of $103.2m.