Cosco Shipping Limited (Coscol) is seeking to raise RMB2.5bn ($402.3m) through a private placement and has booked four heavy lift vessels at a total investment of RMB1.16bn.

Singapore-based Vallianz Holdings has entered into an agreement to spend $2.85m to acquire a 45% stake in Holmen Heavylift Offshore from Holemn International.

The year ahead in 2015 is expected to witness better utilisation across multi-purpose/project carrier fleets, and higher merger and acquisition activities, according to Justin Archard, managing director, Asia Pacific and Oceania, at SAL Heavy Lift...

Hamburg-based SAL Heavy Lift has completed a heavy lift contract with freight forwarder SDV involving more than 100,000 frtts for the Ichthys LNG Project near Darwin, Australia.

Cosco Shipping Co Ltd (Coscol) has stayed in the black in the first nine months, leaving behind a net loss position a year ago.

Taiwan’s shipbuilder CSBC Corp has sealed a deal to build four 65,000 dwt semi-submersible heavylift cargo vessels for Singapore’s Greenland Petroleum, reports said.

Cosco Shipping Co Ltd (Coscol) has swung back to profit in the first half of 2014 even as revenue dipped.

SAL Heavy Lift is undergoing a “generational change” in its business shifting from semi-liner to project and offshore work.

Royal Boskalis Westminster, owner of Dockwise, is considering developing a vessel to take the heavy lift crown from its own Dockwise Vanguard.

South Korea's Pan Ocean has cancelled a shipbuilding contract for a semi-submersible heavylift carrier at compatriot yard STX Dalian.