Jes Universal Co News

JES International subisidiaries JES Universal Co. and Jiangsu Eastern Heavy Industry Co. Ltd. to build a UT 755 LN Platform Support Vessel. The contract is the Group’s first, in over thirty years of its history, for the construction of an offshore support vessel and is representative of the Group’s expansion from building commercial shipping vessels to constructing more complicated and sophisticated offshore support vessels. Secured from a new customer based in Norway, delivery of the vessel is expected to be at the end of FY2014. “As the shipping industry remains in the doldrums, it is part of the Group’s strategy to maximise, enhance…