Offshore shipbuilding group Vard has reported a 52.8% drop in profit to NOK 85m ($14.1m) in the first quarter 2014, a period that also saw eight new contracts raise its orderbook to a five year high.
An analysis by The United Nation Economic Commission on Latin America and the Caribbean (ECLAC) paints an "alarming" picture of strikes in the regional port sector in its February 2014 maritime and Logistics Newsletter.
Rolls-Royce is to build a new $36.5m offshore construction and testing facility in Duque de Caxias, in the state of Rio de Janeiro, Brazil.