Maersk Tankers has declared option for two MR product newbuildings at Sungdong Shipbuilding and Marine Engineering bringing its tally at the yard to six.

Vard Holdings has bagged an order to design and build one arctic anchor handling tug supply (AHTS) vessel for Bourbon.

Samsung Heavy Industries (SHI) has terminated contracts for three very large container ships ordered by Israeli line ZIM.

Mitsubishi Heavy Industries (MHI) reported a 28.3% jump in profit to JPY78.2bn ($770m) in the first three quarters, despite the performance of its shipbuilding arm.

Keppel FELS has announced a contract with UMW Oil & Gas for a KFELS B Class jack-up rig for $218m.

SBM Offshore cut its losses to $58m in 2013, from $175m in 2012.

Cargotec’s MacGregor has won orders totalling EUR23m ($31m) for delivery of six Active Heave Compensated (AHC) subsea cranes, from Dutch shipbuilder IHC Merwede.

IHC Merwede has secured orders worth EUR350m ($473m) for fourteen dredgers and one 300 tonne pipelaying vessel, as well as onboard and simulation equipment.

China's shipyards are slowly but surely carving a niche in the offshore segment as the value of offshore contracts has steadily risen over the past few years, according to Clarksons Research Services.

Cargo handling equipment supplier Cargotec announced a drop in profits alongside falling sales, despite rising cash flow and received orders in 2013.