Brazil's OSX Group Q2 2012 Financial Report

Press Release
Sunday, July 29, 2012

OSX Shipbuilding reports order book for construction of 21 vessels of various kinds, consolidated position in other offshore enterprises

EBITDA of R$36,5 million in 1H12 and R$2,7 billion financing are highlights for the second quarter of 2012.

OSX, an EBX Group Company which provides solutions for the offshore oil industry by means of integrated operations in shipbuilding, leasing of exploration and production (E&P) units, and operation and maintenance (O&M), reports first semester 2012 profit for the period is R$ 5,4 million.

Currently OSX Shipbuilding is managing an order book of 21 units destined for the production of oil and gas in Brazil: 5 FPSOs and 4WHPs for client OGX, 1 PLSV for client Sapura and 11 medium-range tankers for client Kingfish. During the quarter, OSX maintained its client base expansion and diversification strategy.

During this quarter, the company moved forward in OSX’s main lines of action: construction of UCN Açu; construction of OSX’s and its clients’ offshore fleet; beginning of the Professional Training Program in Shipbuilding carried out jointly by ITN and SENAI-FIRJAN; operation of OSX-1; receipt of ISO 9001, ISO14001 and OHSAS 18001; certifications for the management system of OSX Serviços; contract with BNDES and CEF for the R$ 2.7 billion financing from FMM; and initiatives to expand the company's client base.

OSX also welcome the recent announcement from Petrobras stating that it has approved OSX for the integration of FPSOs which will be used for the production of Brazilian pre-salt oil.
 

 

 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Nabors Posts Quarterly Loss as Drilling Activity Slows

Offshore driller Nabors Industries Ltd reported a quarterly loss, hurt by lower drilling activity amid a slump in global crude prices.   The company posted a net loss of $891.

Cheap Oil Threatens Debt Squeeze for Smaller North Sea Producers

Small and mid-sized independent oil producers in the British North Sea could face a financing squeeze this year as banks cut lending linked to the value of oil reserves,

Royal Caribbean to Sell Splendour of the Seas

Royal Caribbean Cruises Ltd. announced that it has entered into an agreement to sell its cruise ship Splendour of the Seas to TUI Cruises in the second quarter of 2016.

People in the News

Zeroing in on Zukunft

The U.S. Coast Guard Commandant addresses a packed Passenger Vessel Association meeting and outlines both the challenges and opportunities facing his organization.

Editorial: Gettin’ Crabby with Deadliest Catch

As February is our traditional cruise shipping edition, naturally we’ve selected a fishing boat and two crabs for the cover. But as many of you may already know,

Interview: Nakilat's Samir Bailouni

SGMF Membership - Uncovered: An interview with Samir Bailouni, Nakilat The Society for Gas and Marine Fuel (SGMF) recently interviewed one of its members, Samir

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar 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: 0.1313 sec (8 req/sec)