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SUBCY Subsea 7 SA (PK)

19.16
-0.44 (-2.24%)
Last Updated: 15:04:53
Delayed by 15 minutes
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

Subsea 7 Orders New Heavy Construction Vessel

08/05/2013 7:57am

Dow Jones News


Subsea 7 (PK) (USOTC:SUBCY)
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From Jul 2019 to Jul 2024

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   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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