The two offshore construction liftboats of Seajacks International Ltd. have the company about to post a profit, judging by earnings results just released.
Though posting a $3.4 million loss, double as wide as a year ago, Seajacks said it’s new-build liftboats “Kraken” and “Leviathon” had already contracted for $100 million.
A naming ceremony Monday for “Kraken” — destined in May 2009 for ExxonMobil’s Sable project offshore Canada — marks the start seatrials, earnings and the beyond.
“Seajacks continues to see a steady stream of inquiries … and expects interest in the oil and gas sector to increase,” a statement said.
The inspection, maintenance and repair for platforms, sub-sea infrastructure and wind turbine installations combines to give Seadjacks a “less volatile” market to earn from.
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This should shift the old shares a bit dont you think??
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