Nautical Makes Bid for Jaya

Monday, October 23, 2006
Reuters reported that an investment firm has bought a controlling stake in Singapore shipbuilder Jaya Holdings, triggering a mandatory cash offer for the outstanding shares in a deal valuing Jaya at $655m. Cayman Islands-incorporated Nautical Offshore Services and Jaya said in statements to the Singapore Exchange late on Friday that Nautical had acquired 44.3 percent of the Singapore firm and would make a mandatory cash offer for the remaining shares. Jaya suspended trading in its shares early on Friday, pending an announcement. Jaya owns a small shipyard in Singapore and another in the Indonesian island of Batam. It also owns a fleet of about 30 offshore support vessels (OSVs) that help tow and moor oil rigs and platforms and help transport workers and supplies for these offshore structures. Jaya has about 43 OSVs under construction at its yards and at some Chinese yards.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Siemens Wins Vessel Electrical Installation Contract

Nautilus Minerals Inc. announces that the order for the supply of the entire electrical installation for the production support vessel has been awarded to Siemens International Trading (Shanghai) Ltd.

Delivery Begins for HMS Prince of Wales Bridge

The bridge section of the U.K.’s second Queen Elizabeth Class aircraft carrier has been loaded out of its dock hall in Glasgow ahead of its first sea voyage to Rosyth.

Vane Brothers Welcomes Latest Tug Newbuild

The Vane Brothers Company, a marine transportation provider headquartered in Baltimore, has taken delivery of Kings Point, the latest in a wave of Maryland-built tugboats.

Passenger Vessels

IMO Conference to Address Ferry Safety

Conference on the enhancement of safety of ships carrying passengers on non-international voyages, Manila, the Philippines, April 24, 2015   The International

Royal Caribbean Cuts Profit Forecast

Royal Caribbean Cruises Ltd cut its adjusted profit forecast for the year, citing a jump in fuel prices since its January forecast and a strong dollar.   Shares

Fishing Vessel Skipper Fined for Collision

The skipper of a fishing vessel that collided with a ferry was fined after pleading guilty for failing to keep a proper lookout. The skipper, Lindsay Haugh, of the fishing vessel Onward N336,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.1449 sec (7 req/sec)