Offshore shipping and shipbuilding group Jaya Holdings plans to expand its shipyards in Indonesia and China to ride on what it sees as continued strong demand in the offshore shipping sector.

The E.U. is serious about getting clean energy on the grid. The European Parliament has set a 25% target for renewable energy by 2020. About half of that target is projected to come from wind energy. A new report, “Pure Power - Wind Energy Scenarios up to 2030,” put out by the European Wind Energy Association (EWEA), shows that this is a feasible scenario, given current trends in the field.

Smit Internationale NV said Wednesday it is raising its divisional growth targets for the next five years. For the Harbour Towage operations, Smit said it is now targeting 50 percent growth in net profit between 2008 and 2012, after it said the target set in 2005 for growth in net profit was amply exceeded last year.