Nam Cheong Limited sells an 11-year-old 3,000 DWT PSV for $19.8 million to an Indonesian customer, supporting fleet reprofiling, capital recycling, and balance sheet resilience ahead of FY2026.
Gulf Marine Services has signed two separate two-year extensions for mid-size self-elevating support vessels operating in the GCC, announced on 30 December 2025 and 05 January 2026.
Nam Cheong has entered a deal to sell a 4,000-DWT PSV to a Vietnam offshore group, with December 2025 delivery and proceeds directed toward shipbuilding and fleet plans.
Gulf Marine Services secures a European contract for two Large-class vessels spanning 985 days, lifting contracted backlog to $540 million as offshore regional support continues.
Praxis Automation Technology will equip the Bourbon Evolution 801 and 803 with its Mega-Guard DP3, VMS and TCS systems under a contract from Sinoship Maritime Services, with engineering and commissioning supported by the Qingdao subsidiary.
