OSI Continues to Receive New Orders For First Quarter

Wednesday, February 20, 2002
Offshore Systems International Ltd. (OSI) announced that it continures to receive new orders in its fiscal first quarter which ends February 28, 2001. Since announcing a major new order in December, Offshore has received $1.1 million in additional new orders bringing the total new business booked to date in the fiscal first quarter to $1.7 million. The new orders are from three of Offshore Systems’ key customers – the Royal Danish Navy, the U.S. Coast Guard and the U.S. Navy, and are for products to be delivered later in 2002. The orders are for Offshore’s proprietary ECPINS®-M (Electronic Chart Precise Integrated Navigation System-Military) systems, and for electronic charts and chart services. "Offshore Systems continues to experience strong order flow in the first quarter, following record levels of new orders in the last half of fiscal 2001 and a corresponding strong backlog position at fiscal 2001 year-end,” said John Jacobson, President and CEO of the company. "We’re maintaining our focus on the military navigation market and, with the heightened emphasis on security and increased government spending on homeland defense in North America, we are very optimistic about Offshore’s future prospects. We are also seeing an increasing interest in our products internationally. In fact, Offshore was recently invited to deliver a briefing on its ECPINS®-M technology at NATO Headquarters in Brussels.”
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

NORDEN CEO: Bulk Market Challenges to Continue

Klaus Nyborg, interim CEO at Denmark-based dry bulk and product tanker shipping company Dampskibsselskabet NORDEN A/S, expects difficult dry cargo market conditions

Turkey Maritime Sector Alive & Kicking

Located on the periphery of two great continents, Turkey has benefitted from being in a favored position right at the center of an assertive and fast growing economic area.

Advanced Drillships a Burden for Owners as Business Slows

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1381 sec (7 req/sec)