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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Skandi Paraty Delivered and On-hire

Skandi Paraty, owned by Norskan Offshore Ltda, has been delivered from the yard and went on-hire on a four years contract with Petrobras.   Skandi Paraty is an AHTS,

Elandra Yachts Expands, Launches Finishing Department

Elandra Yachts has added another layer of craftsmanship to its boat-building operation with the launch of a new in-house paint department at the Gold Coast plant,

SENER, ESI Group to Integrate Solutions

The global company ESI Group, a virtual prototyping and testing software developer, has joined efforts with SENER, a company in marine engineering and the development

Passenger Vessels

Raytheon Anschütz Steering Gear Control for Luxury Cruise Ships

The German navigation system manufacturer Raytheon Anschütz was awarded a retrofit contract of steering gear control systems for two luxury cruise ships chartered by Noble Caledonia Ltd.

Ferry Drydocking Completed on 2-day Turnaround

Great Lakes Shipyard hauled out the Kelleys Island Ferry Kayla Marie on April 18 for its USCG five-year inspection survey. The yard completed all work, and refloated the vessel two days later,

113 Migrants Drown in Libya-Italy Weekend Transits

An estimated 113 people died in four shipwrecks between Libya and Italy at the weekend as the crossing becomes the preferred sea route for migrants to Europe, the

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair 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: 0.0727 sec (14 req/sec)