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Despite the existing challenging O&G conditions.
Atlantic Navigation Holdings (Singapore) Limited ("Atlantic Navigation" or the "Company", and together with its subsidiaries, the "Group"), a leading provider of marine logistics services in the Middle East, is pleased to announce that it has signed Shipbuilding Agreements with a shipyard in the People's Republic of China ("P.R.C.") for the supply of 5 Maintenance/Work/Utility vessels and 2 Anchor-Handling Tug, Supply and Safety Standby vessels. The vessels will, upon delivery in the third quarter of 2017, be deployed under firm five-year charters to support the operations of a Middle Eastern National Oil Company ("NOC") in the Arabian Gulf.
The vessels will be built in the P.R.C. at a total cost of approximately US$45 million (including vendor-sourced equipment and mobilisation). The Group will be using a combination of borrowings and internal resources to fund the building of these seven new-builds. The acquisition of the new vessels is not expected to have a material impact on the Group’s results for the financial year ending 31 December 2016.
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Proposed Subscription of 262,918,394 New Ordinary Shares in the Share Capital of the Company by Saeed Investment Pte. Ltd.
Atlantic Navigation Holdings (Singapore) Limited announced that the Company had, on 15 July 2018, entered into a conditional share subscription agreement with Saeed Investment Pte. Ltd. ("Subscriber") pursuant to which the Company has agreed to issue and allot an aggregate of 262,918,394 new ordinary shares in the capital of the Company to the Subscriber, and the Subscriber has agreed to subscribe for the Subscription Shares, at the subscription price of US$0.09889 per Subscription Share, for an aggregate amount of US$26.0 million.
More details in
http://infopub.sgx.com/FileOpen/ANH%20An...eID=516356
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17-08-2018, 12:56 PM
(This post was last modified: 21-10-2018, 12:38 PM by port.)
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
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17-08-2018, 01:24 PM
(This post was last modified: 17-08-2018, 01:49 PM by port.)
(09-06-2016, 09:55 PM)cyclone Wrote: Despite the existing challenging O&G conditions.
Atlantic Navigation Holdings (Singapore) Limited ("Atlantic Navigation" or the "Company", and together with its subsidiaries, the "Group"), a leading provider of marine logistics services in the Middle East, is pleased to announce that it has signed Shipbuilding Agreements with a shipyard in the People's Republic of China ("P.R.C.") for the supply of 5 Maintenance/Work/Utility vessels and 2 Anchor-Handling Tug, Supply and Safety Standby vessels. The vessels will, upon delivery in the third quarter of 2017, be deployed under firm five-year charters to support the operations of a Middle Eastern National Oil Company ("NOC") in the Arabian Gulf.
The vessels will be built in the P.R.C. at a total cost of approximately US$45 million (including vendor-sourced equipment and mobilisation). The Group will be using a combination of borrowings and internal resources to fund the building of these seven new-builds. The acquisition of the new vessels is not expected to have a material impact on the Group’s results for the financial year ending 31 December 2016.
沙特阿美全称为Saudi Arabian American OilCompany（沙特阿拉伯——美国石油公司），所以简称Saudi Aramco。不过今天的阿美的大名已经改成“沙特国家石油公司”。它是世界上最大的原油生产公司，在全球石油市场的石油供应上，大约每九桶石油中就有一桶产自沙特阿美；控制着约1/10世界原油市场，拥有世界上最多的陆上和海上油田，贡献了沙特近20%的财政收入以及85%的税收收入，但是它也是世界上最神秘、最封闭的石油公司！
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
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17-08-2018, 01:48 PM
(This post was last modified: 07-09-2018, 01:09 PM by port.)
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
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halted pending announcements.
my best guess is that Saeed investment will emerge as a minor & not a 50% shareholder of ANH.
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
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(13-09-2018, 02:14 PM)port Wrote: halted pending announcements.
my best guess is that Saeed investment will emerge as a minor & not a 50% shareholder of ANH.
Notices of Arbitration
Atlantic Navigation Holdings (Singapore) Limited announced that the Company and its wholly-owned subsidiary, Atlantic Maritime Group FZE ("AMG"), have received Notices of Arbitration dated 27 July 2018 and 29 August 2018, from the legal representative of Guangxin Shipbuilding & Heavy Industry Co. Ltd (the "Claimant"). The Notices of Arbitration have been referred to the Hong Kong International Arbitration Centre.
More details in
http://infopub.sgx.com/FileOpen/Notices%...eID=525645
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Borr-Drilling-Pareto-Conference-2018.pdf (Size: 2.01 MB / Downloads: 14)
Borr-Drilling-Pareto-Conference-2018.pdf (Size: 2.01 MB / Downloads: 14)
Borr Drilling – The waiting game is over, rates are rising and contracts are coming
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
Posts: 253
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To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
Posts: 253
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14-11-2018, 07:27 PM
(This post was last modified: 14-11-2018, 07:30 PM by port.)
ANH 3Q2018 Financial Results for the period ending September 30 2018 141108.pdf (Size: 135.16 KB / Downloads: 4)
Return to profitability in 3Q.
Saeed is very likely to emerge as a major shareholder of ANH with a 50% stake while Bill Wong will end up with diluted stake of 40%.
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
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