Category Archives: Shipping Construction

Deep Industries Limited bags order worth Rs 11.5 crores

Deep Industries Limited has informed the market that the Company has obtained Notification of Awards for hiring of services for compression of natural gas at Kesanapalli (w)-GGS for a period of five years. The approx. value of the contract is Rs. 1149.75 Lacs. The order is for LOA From: ONGC, Rajamundry Asset – Location: Kesanapalli (w), Andhra Pradesh.

PIPAVAV SHIPYARD up by 8.85 Percent

Pipavav shipyard has everyone knows that SKIL Infrastructure Ltd has planned to buy almost 19.43 percent from Punj Lloyd and the plan is as below.

Pipavav Shipyard Ltd has informed BSE that the Company have been intimated that, SKIL Infrastructure Ltd. (‘SKIL’), SKIL Shipyard Holdings Pvt. Ltd. (‘SKIL Shipyard’) and Punj Lloyd Ltd., have executed a Share Purchase Agreement dated March 27, 2010 pursuant to which Punj Lloyd Ltd. agreed to sell 129,360,538 fully paid up equity shares of Rs. 10/- each of Pipavav Shipyard Ltd. (‘the Company’) representing 19.43% of the paid up share capital of the Company to SKIL and SK1L Shipyard in two tranches, for an aggregate consideration of Rs. 6,564,644,312/-.

And today they have made open offer to public for 61 rs or so which im sure no one will be willing to give atleast now as it has raised by 8.85 percent or so to 69.50 rs and sure tomorrow also its going to raise, i bought 100 of these today after i saw the news at 64 or so .

GreatShip India IPO – Great Eastern Board Approved the Plan

Great Eastern Shipping Company Ltd (GE Shipping) has informed the market that, as part of the growth strategy they have planned for the the wholly owned subsidiary, Greatship (India) Ltd (“Greatship”), to raise finances for its business through the public for an initial public offering.
Any offering and its timing will be subject to market conditions, Will give more details on the IPO if its materialized and if its approved by board of greatship india and Sebi.

ABG Infralogistics bags order for handling cargo

ABG Infralogistics Ltd has informed the market that it received LOA from from Vishakhapatnam Port Trust and the order is for “Development of Western Quay-6 (WQ-6) berth in the Northern Arm of Inner Harbour of Visakhapatnam Port Trust for handling of dry bulk cargo for 30 years on DBFOT basis”.The stock was trading at Rs 166 on the closing and touched a high of 176.Has a annualized EPS of 5 which leaves the PE at 29.82.Not a great stock i would say until you see more orders flowing in .

Pipavav Shipyard wins order worth 521.93 crore

Pipavav Shipyard Ltd which is in limelight for sometime as the IPO listed company and which is listing below par value , dint show any sign of recovery i thought at least this news of order would bring it back up but no recovery sign ,the company has bought order worth 521.93 crore for construction and supply of 12 Nos. Offshore Support Vessels (‘OSVs’) at an aggregate value of approximately US$ 111.849 Mn (approx. INR 513.83 Crores). Vide the said Contract ONGC also reserved the right to place order for Spares upto US $ 1.764 Mn (approx. INR 8.10 Crores) for the OSVs.

Pipavav Shipyard IPO Listing Info

Pipavav Shipyard IPO informed the market that it will be listing on Friday, October 09, 2009. The IPO Issue price has been fixed at Rs 58/- per share.It was oversubscribed by 8.25 times and out of which retail was at 2.8958 times.
Detail Listing Info:

Listing Date: Friday, October 09, 2009
BSE Script Code: 533107
NSE Symbol: PIPAVAVYD
Listing In: B Group
ISIN: INE542F01012

Aban Offshore saw the bottom today after Promoters pledge the equity

Aban Offshore was down by almost 2.5 percent which is not a big deal at all nowadays , after in informed the market that the promoters have pledged 8 percent of the equity,promoter holding at 60.8 percent now as on December 31, 2008.Nowadays the company is doing a safe bet by informing themselves rather than hearing it through rumors that way it will not go too much down .

Gammon Infrastructure gets financial closure for Mumbai Offshore Container Terminal Project

Gammon Infrastructure Projects Ltd has has informed the market that one of its subsidiary Indira Container Terminal Pvt. Ltd., the special purpose vehicle incorporated for developing the Mumbai Offshore Container Terminal Project (the “Project”) has achieved the ‘Financial Closure’ for the Project with a consortium of bankers for an aggregate amount not exceeding Rs 812.53 crores.The estimated Project cost is Rs 1015 crores. The Project is on BOT basis for 30 years; including a 3 year construction period.

Great Offshore bags order worth 110 crore

Great Offshore Ltd has informed the market that the Company has chartered two of its vessels – Malaviya Thirty Three and Gal Ross Sea to Petroleum Marine Services Co., Egypt.

Accordingly, the vessels have commenced operations in the Khafji Oilfields for Saudi Aramco under one year firm charter with option for two more extensions. The aggregate value of the one year firm charter is around USD 22 million.

Mundra Port and Special Economic Zone signs MOU with NYK

Mundra Port and Special Economic Zone Ltd has informed the market that they have  signed a MoU for setting up a world class dedicated automobile terminal with Nippon Yusen Kaisha (NYK) of Japan.Nippon Yusen Kaisha is world famous for its auto terminals they have around the worlds  harbor and also they are famous for the extensive fleet of Ro-Ro ships offering regular sailings to and from the major ports around the world.This would bringin mroe revenue for Mundra Port.

Container Corporation Of India Results – Announces Qtr Ending September 2008-2009 results

Container Corporation Of India net profit raised 28.48 Percent to Rs 223.68 crore in Qtr ending September 2008 for the financial year 2008-2009 as against Rs 174.10 crore in qtr ending September2007. Sales raised 9.78 Percent to Rs 903.36 crore in Qtr ending September 2008 for the financial year 2008-2009 as against Rs 822.88 crore in qtr ending September2007.
Conclusion
Result is kind of inline with expectation more the the qtr yoy and also more than the prev QTR , its because the Net profit margin and operating profit margin is in sync and have increased .Can be considered as a good buy as the EPS stands at 68 and the current price is at 695 which puts the stock at PE of 10.

Aban Offshore wins order worth 178 crore

Aban Offshore infromed the market that they have won order worth 178 crore for 180 days worth projects with Husky Oil China for multiple well-drilling program , The stock closed almost down by 10 percent down to almost 2100 rs .
Financial Side

On the Financial side Aban offshore gave a mind blowing profit surge of 152 percent to Rs 71.51 crore on a 93.5 percent increase in net sales to Rs 246.95 crore in Q1 June 2008 compared to Q1 June 2007.

Dolphin Offshore Enterprises received order for 72 crore

Dolphin Offshore Enterprises India has received contracts from 2 company totalling almost 16 million dollar or almost 72 crore ,
Order Details
>charter hire of DP / DSV Vessels from Leighton India worth US$ 10 million. Execution time is just 3 months.
>Received another contract from Punj Lloyd worth US$ 6 million. execution time is 2 months so this sales of 72 crore will add up in next qtr results.
Financials
On the financial side Dolphin Offshore Enterprises India’s net profit surged 241.7 percent to Rs 8.44 crore on 33.3 percent increase in net sales to Rs 66.93 crore in Qtr ending June 2008 compared to Qtr ending June 2007. Annualized EPS is at Rs 35.31.

Aban Offshore bags five year contract from Latin America

Aban Offshore informed the market that they have bagged 5 years contract for one of its offshore rigs in Latin America.The rig is semi-submersible rig Aban Pearl.It is reported that the revenue from this contract is 3150 crore which is i think spread over 3150 crore.
Financial
On the financial side Aban Offshore’s declared a net profit which went up by 152% to Rs 71.51 crore and with increase of 93.5%in net sales to Rs 246.95 crore in Q1 June 2008 compared to Q1 June 2007. They are standing with a EPS of 75 or so which compared to today’s rate of 2330 is at just PE of 30 or so.

Dolphin Offshore awarded contract worth 304 crores

Dolphin Offshore informed the market that they are awarded a contract worth 304 crores by ONGC for NQD Enhancement Project and ICP Revamp Project which are to be completed in june 06 2000 and the last one in december 31 2009.
Financials
There net profit increased almost 241.7% to Rs 8.44 crore on increase in sales of 33.3% to Rs 66.93 crore in Q1 June 2008 over Q1 June 2007.The EPS stands almost at 36 or so which discounts the current price of 284 by 7.5 or so .

Aban Offshore receives revenue through order from subsidiary

Aban Offshore informed the market today that Venture Drilling AS, which is a subsidiary of they and have like 50% shareholding, has signed a 18 month contract with Maersk Oil Angola, at an operating day rate of $ 495,000 (Rs 2.178 crores) after ax. This contract is likely to commence in July 2009, in direct continuation of its present contract. The revenue is estimated around 1191 crores from this contract.

Aban Offshore Ltd receives order worth 136 crore

Aban Offshore Ltd has informed the market that a Contract has been signed with Exxon Neftegas Ltd for the deployment of the Jack-up rig Murmanskaya Offshore Russia for a 2 well programme.The estimated revenues from the Contract (with an estimated duration of approx 160 days) is approx USD 34 Million. The deployment is to commence in direct continuation of its present contract which is expected in June 2008.

Larsen & Toubro Shipyard getting shape

 Larsen & Toubro announced The hindu yesterday that there hopes to begin work on the integrated shipbuilding yard and port at Ennore, north of Chennai is nearing and they are positive on the way how the activities are going, Its proposal for this project got the Tamil Nadu Government’s approval in January 2008, and the company is now discussing the agreement it will sign with the Government for the project.They are looking for a 1200 acre of land and when its ready it will take around 24 month to complete .