Private equity investors continued their moves towards creating liquidity, the prelude to an exit transaction. Diamond S Shipping Group, put together by Wilbur Ross, best known as a distress investor, First Reserve, known for its forays into...

Law firm Stephenson Harwood plans to apply for a license to open an office in Seoul, and has poached Michael Kim from DLA Piper in South Korea.

Swiber Holdings has secured a lease to expand its shipyard in Singapore.

ASL Marine has bagged SGD97m ($76.7m) worth of contracts to build six offshore vessels.

Vard Holdings has won a new contract to design and construct one platform supply vessel (PSV) for Carlotta Offshore.

In the end, it was simply a matter of holding one’s nerve, refusing to commit locally and weathering the storm caused by the sagging value of the Indian rupee against the US dollar and the dipping prices of steel scrap.

Zim lost substantially less through impairments for cancelling boxship newbuildings ordered at the top of the market than it would have taking delivery of the ships according Alphaliner.

The ongoing consolidation of China's shipbuilding industry is seeing positive results as a good number of bottom-rung yards have exited the business, according to a senior government official.

Russia’s Pellas Shipyard is to takeover insolvent German yard Sietas Shipyard with a commitment to invest EUR15m.

Damen has received an order for its ASD 2411-design tug from Italian operator Rimorchiatori Riuniti.