Heerema Offshore Contractors is exiting the pipelaying sector to focus on heavy lift, decommissioning and renewables, with the loss of 350 jobs.

Gaining full ownership of the Sapura 3000 heavy lift and pipe lay vessel is expected to make Sapura Energy more aggressive in bidding for new jobs from next year, local reports said.

Following its acquisition by Harren & Partner SAL Heavy Lift is returning six of its vessels to the German flag.

Royal Boskalis Westminster (Boskalis) has recently been awarded a number of marine transport contracts with a combined value of approximately $50m.

Zeaborn Group is acquiring five heavy lift vessels from bankrupt Rickmers Group for an undisclosed sum.

German shipping company Harren & Partner is to acquire SAL Heavy Lift from Japan’s K Line, making it a “dominant player” in the super heavy lift segment.

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.