STX OSV: Co. announced that it has secured a new contract for the construction of one Arctic Trawler for Remøy Fiskeriselskap AS, although details of the contract is missing.
We note however that based on past orders, contracts for such vessels could typically ranges between 400-500m Nok, and assuming value is correct, contract win could bring grp’s orderwins to approximately Nok 6.8b vs FY10 orderwins of Nok 12.7b, while grp has not made effective contracts for 8 LPG Tankers, widely tipped to be recognized in 4Q11, worth approximately Nok 2.8b.
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