Thursday, November 15, 2012

[Ship Building] JES inks optional PSVs

JES inks optional PSVs

JES International has signed an agreement to build four additional platform supply vessels with Norwegian shipowner.

The Board of Directors of JES International Holdings Limited (the “Company” together with its subsidiaries, the “Group”) wishes to announce that, further to the Company’s announcement on 8 October 2012 and 30 October 2012 relating to contracts won for four UT 755 LN PSVs in total, Group has entered into agreement to grant an option to the same Norwegian customer for constructing another four UT 755 LN PSVs (the “Option”).

Once the Option is exercised by the customer, the Group shall deliver the four PSVs under the Option by first half of 2015.

None of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contract. The contract is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2012.

The Company will release further announcement(s) of any material information relating to these shipbuilding contracts as and when it arises.

Published : November 14, 2012

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