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


Dry Bulk Shipping Turmoil Set to Extend into 2016

Dry bulk shipping faces more earnings pain as a slowdown in commodities demand and a glut of ships are expected to pile on the pressure well into 2016, ship industry players said on Wednesday.

India Extends Tax Benefits on Bunker Fuel

India has extended the benefit of nil custom and production tax on bunker fuels to domestic coastal movement of containers, in a move to decongest its roads and reduce carbon emissions,

Ivory Coast Starts Construction of Abidjan Port Upgrades

Ivory Coast began construction on Tuesday of a four-year, 560 billion CFA franc ($962 million) project to build a second container terminal and widen the canal

People in the News

Pitbull Named Godfather of Norwegian’s New Cruise Ship

Norwegian Cruise Line announced today that musician Pitbull will serve as godfather for its newest ship, Norwegian Escape, slated to be christened next month in Miami.

HMAS Melbourne Intercepts 427kg Heroin

HMAS Melbourne’s crew has seized 427 kilograms of heroin hidden in a fishing dhow carrying the illegal drugs across the Indian Ocean. The intercept occurred

USCG Search for Missing Crew of El Faro

Coast Guard search and rescue crews continue searching for possible survivors from the cargo ship El Faro Monday night, covering a total search area of more than 160,574 square nautical miles.

Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Simulators 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: 0.1392 sec (7 req/sec)