Keppel Offshore & Marine (Keppel O&M), through its wholly owned Keppel Shipyard, has clinched four contracts worth a total of SGD85m ($61.5m) for the conversion, repair and modification of vessels.
Cosco Shipping Specialised Carriers has posted a sharp increase in unaudited net profit for the first quarter ended 31 March 2017 due mainly to high returns from equity investments.
Cosco (Qidong) Offshore has won a contract to build one offshore heavy lift vessel with crane capacity of 3,000 tonnes for an European buyer.
Logistics and railway company Asia Energy Logistics (AEL) is making a foray into the heavy lift business with the purchase of a heavy lift vessel.