30 Mar '12, 4pm

STX OSV Gets NOK1.2 Bln Contracts To Build 2 Offshore Service Vessels For Farstad!

STX OSV Gets NOK1.2 Bln Contracts To Build 2 Offshore Service Vessels For Farstad!

STX OSV Gets NOK1.2 Bln Contracts To Build 2 Offshore Service Vessels For Farstad! by Dou on March 30, 2012 On 30/Mar, Singapore shares ended higher helped by some bargain hunting after the selloff of the past two sessions. STI ended higher at 3010.46 (0.6%) with regular VOL of 2.02 billion shares traded compared with 1.63 billion shares Thursday. In the broader market, gainers outnumbered losers 208 to 155. Today STI rally on weak buying pressure as investors merely buying up specific stocks. Headline in STI After market close STX OSV Holdings Ltd. (MS7.SG) has secured contracts valued around NOK1.2 billion (S$265 million) to build two offshore service vessels for Norwegian firm Farstad ASA (FAR.OS). Neptune Orient Lines Ltd. (N03.SG) has postponed plans to issue a benchmark-sized Singapore-dollar perpetual bond due to unfavorable market conditions. DBS Group Holdings Ltd...

Full article: http://thefinance.sg/2012/03/30/stx-osv-gets-nok1-2-bln-c...

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