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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ocean Wilsons (holdings) Ld | LSE:OCN | London | Ordinary Share | BMG6699D1074 | ORD 20P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 20.00 | 1.46% | 1,390.00 | 1,375.00 | 1,400.00 | 1,415.00 | 1,330.00 | 1,330.00 | 18,230 | 16:29:54 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Towing And Tugboat Services | 496.7M | 67.05M | 1.8960 | 7.33 | 491.55M |
From Apr 2019 to Apr 2024
TIDMOCN
RNS Number : 7741R
Ocean Wilsons Holdings Ld
26 September 2017
Ocean Wilsons Holdings Limited
Wilson Sons Limited: PSV Contract Negotiations
Our principal operating subsidiary, Wilson Sons Limited made the following announcement to the Brazilian and Luxembourg Stock Exchanges.
Wilson Sons Limited ("Wilson Sons" or "the Company"), a public held company traded on the Brazilian Stock Exchange (B3) under the ticker WSON33, announces to its shareholders that its 50% joint venture, Wilson Sons Ultratug Offshore ("WSUT"), is negotiating new contract terms for up to eight Platform Supply Vessels (PSVs) currently operating for Petrobras. The negotiation will consider (i) the temporary suspension of these contracts due to current suppressed demand, with the original contract term extended by a period equal to the suspension, and (ii) a reduction of the vessels' daily rates. The negotiation contemplates a total estimated reduction of approximately 6% on the fleet average gross daily rate and up to 858 days of suspension for all the vessels combined.
The Company continues to seek new opportunities to maximize its fleet utilisation. In July 2017, WSUT ranked as the first and second place Brazilian-flag vessels in a Petrobras tender for the supply of shallow-water diving support vessels (SDSVs), offering the Mandrião and Pardela vessels. Additionally, in September 2017, WSUT ranked as the first and second place vessels in a Petrobras tender to provide, in May 2018, platform support and oil spill recovery vessels (OSRV / PSVs), offering the Albatroz and Gaivota vessels.
Enquiries
Company Contact
Keith Middleton +1 441 295 1309
Media
David Haggie
Haggie Partners LLP +44 20 7562 4444
Cantor Fitzgerald Europe
David Foreman, Will Goode (Corporate Finance) +44 20 7894 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCXELLLDKFXBBV
(END) Dow Jones Newswires
September 26, 2017 02:01 ET (06:01 GMT)
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