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 October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

Austal Launches Trenton (JHSV 5)

Second Joint High Speed Vessel to be launched at Austal in 2014 On September 30, 2014, Austal USA successfully completed the launch process of Trenton (JHSV

Going Big for Sustainability

Orkot Marine Bearings, developed and manufactured by Trelleborg Sealing Solutions, contribute to the build of the world’s largest and most efficient containerships,

Passenger Vessels

Interferry’s UN, EU Input on Display in Vancouver

Two major examples of Interferry’s growing influence will be highlighted next week at the global trade association’s 39th annual conference in Vancouver.       CEO

Golden Gate Ferry Captains Stage One-day Strike

The Golden Gate passenger ferry system, California's largest, was shut down on Friday by striking boat captains, disrupting service for thousands of San Francisco

MOL Holds Place in Dow Jones Sustainability Index

Mitsui O.S.K. Lines, Ltd. inform that it has once again been included in the Dow Jones Sustainability Index (DJSI) Asia Pacific, on which it has continuously held a spot since 2003.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority 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: 0.1906 sec (5 req/sec)