JES gets first PSV contract

Singapore: Singapore-listed JES International Holdings Limited, a top private Chinese yard, has announced that it has bagged its first offshore contract. It will build a UT 755 LN PSV for an unspecified Norwegian client for delivery at the end of 2014.  
“As the shipping industry remains in the doldrums, it is part of the group’s strategy to maximise, enhance, and leverage on our capabilities to explore growth opportunities beyond the commercial shipbuilding industry into the more robust offshore oil and gas sector to enhance shareholders’ value,” said Jin Xin, chairman and chief executive of JES.  [08/10/12]


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