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Name | Symbol | Market | Type |
---|---|---|---|
Subsea 7 SA (PK) | USOTC:SUBCY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.44 | -2.24% | 19.16 | 19.17 | 19.22 | 19.32 | 19.09 | 19.32 | 1,205 | 15:04:53 |
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Wednesday it has ordered a new heavy construction vessel which will be delivered in 2016.
MAIN FACTS:
-The new vessel will be deployed globally to meet increasing market demands for executing ever-larger and more complex projects.
-Hyundai Heavy Industries Co Ltd (009540.SE) will build the new vessel.
-The main crane and the vertical lay system will be provided by Huisman.
-Shares closed Tuesday at NOK127.80, valuing the company at NOK44.96 billion.
-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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