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

Shipbuilding

Keel Laying for Russia's Second Nuclear Icebreaker

Today the Baltic Shipyard in St Petersburg (part of United Shipbuilding Corporation) laid the keel of Ural, Project 22220’s second series-produced nuclear icebreaker.

Russia: 6th Yasen-Class Nuclear Sub

Russia's sixth Yasen-class nuclear submarine will be laid down at the Sevmash ship-building company in the city of Severodvinsk on July 29, reports RIA Novosti.

NASSCO Delivers Garden State to APT

Marking its seventh ship delivery in the span of just over a year, General Dynamics NASSCO has delivered the newly built ECO Class tanker Garden State for American Petroleum Tankers.

Passenger Vessels

Summer Cruise to North Sea Oil Rigs Amazes Tourists

Bored with palm-fringed beaches and turquoise seas? Then the gigantic oil platforms of the North Sea beckon. The first ever "rig-spotting" cruise just ended off the coast of Norway,

New Ferry MV Woods Hole Delivered

The newly built ferry M/V Woods Hole has been delivered to serve Woods Hole, Martha’s Vineyard and Nantucket.   Built by Conrad Industries of Morgan City, La.

Passenger Vessel Runs Aground off Hawaii

The 65-foot commercial passenger vessel Spirit of Kona ran aground on the island of Hawaii, Sunday, the U.S. Coast Guard reported.   Coast Guard Sector Honolulu

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar Winch
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: 0.0714 sec (14 req/sec)