The welcome boom in office construction will help to replace some major residential tower schemes in London, which are being revised amid concern about prospects for the prime residential market. According to the latest Deloitte Real Estate’s London Office Crane…

Norwegian shipbuilder and ship designer Vard Holdings Limited (VARD) has secured a USD 300 million contract for the design and construction of 15 Module Carrier Vessels for Dubai-based offshore support vessel company Topaz Energy and Marine (Topaz). Designed to carry…

Due to a strong pricing with robust demand in the Caribbean, the US-based cruise ship operator Norwegian Cruise Line Holdings’ net income increased to USD 73.2 million during the first three months of the year from USD 38.3 million reported…

South east house builder Hill plans to ramp up the business over the next five years lifting housing completions from 1,500 to over 2,500. Andy Hill, chief executive at Hill, revealed the expansion plan as the house builder reported pre-tax…

Australian subsea services provider Neptune has signed a one-year vessel charter for the 34 meters long DP1 MV Offshore Guardian, with Guardian Offshore AU Pty Ltd. Built in 2015, the MV Offshore Guardian is a shallow draft survey, AUV, dive…

McDermott International has been awarded three separate projects by a ‘major national oil company’ for the integrated engineering, procurement, construction, and installation (EPCI) services in multiple fields in the Arabian Gulf. In addition to this, there has also been an…

India’s port developer and part of Adani Group, Adani Ports and Special Economic Zone Limited (APSEZ), has handled 17 percent more containers in the full year ended March 31, 2016, as it reported a rise in its total operating income…

Iran is cooperating with South Korea on the development of the Middle Eastern country’s offshore resources. According to National Iranian Oil Company (NIOC), an agreement was reached on Monday, with South Korean energy company Kogas, over the development of one…

Dubai’s port and terminal operator DP World closed the first quarter of this year with 15.5 million TEUs handled across its global portfolio of container terminals, with gross container volumes growing by 3.7% on a reported basis. The growth in…

Offshore drilling contractor Noble Corporation posted first quarter 2016 net income attributable to the company of $105 million, on revenues of $612 million. In comparison, for the first quarter of 2015, net income attributable to Noble Corporation was $178 million,…