STX OSV PROSPECTS

At the end of the 3rd quarter 2010, the Group’s order book comprised 48 vessels for delivery between 1 Oct 2010 and 31 Dec 2013, 36 of which are based on STX OSV’s own design.

With seven deliveries still scheduled for 2010, the total number of vessels expected to be delivered in 2010 is 23.

The same number of vessels is expected to be delivered in 2011.

The Group’s yard in Brazil enjoys the strongest order book, with 10 vessels fully utilizing the yard’s capacity until end of 2013, while the other yards still can accommodate new orders for the delivery from 2012 onwards.

At the end of the third quarter 2010 the orderbook amounted to NOK 17,532 million compared with NOK 17,182 million at the end of 3Q 2009.

The order intake for nine months ended 30 September 2010 was NOK 9,766 million, up from NOK 2,347 million for the first nine months of 2009.

In 3rd quarter of 2010, the Grp entered into 11 new contracts for a total value of NOK 4,179 million. In addition, we secured contracts for eight LPG carriers, with an aggregate contract value in excess of NOK 3 billion.

These contracts are not yet included in the order book, as they will only become effective following delivery of certain contractual documents. These vessels are to be built at the Group’s new shipyard in Brazil, andare expected to be delivered between 2013 and 2015.

The pickup in oil & gas activity following the downturn in 2009 has translated into a significant increase in new orders in 2010 for us. The Group expects that increasing demand for deeper water exploration and operation in harsh environments will continue to drive order momentum for advanced vessels.

The industry’s increasing focus on environmental performance, such as fuel efficiency and lower emissions, as well as increased safety standards and new rules and regulations, also drive demand for sophisticated new designs.

The Group believes it is well positioned to capture opportunities from key trends, thereby reinforcing our market position. Nevertheless, new order intake may vary significantly on a quarter by quarter basis.

2011-01-10 (126 KB)

Scheduled Date For Release Of Financial Results For The Fourth Quarter And The Financial Year Ended 31 December 2010

2011-01-10 (126 KB)

Scheduled Date For Release Of Financial Results For The Fourth Quarter And The Financial Year Ended 31 December 2010

Brazilian Petrobras plan to have:    

  *                                                                           CURRENT               BY 2013        BY 2015         BY 2020

STX OSV will have a market share of this huge pie as it have 2 yards in Brazil and with it's new deepwater intervention vessel, Skandi Aker.STX OSX poised to benefit from Petrobras contract.

Do you think it will goes to 1.25?

Tempted to buy at 1.29 (low for today).

bishan22      ( Date: 20-Jan-2011 11:21) Posted: Waiting for 1.25 to enter. No risk no gain.

from nextview also can. but not live telecast, less shiok !! !!! :)

CLICK !!

http://www.nextview.com/

Thanks for your prompt reply.

Great, I've just applied for a trading account with Kim Eng yesterday.