Ocean Wilsons Hldgs OCN Tugboat Financing

  Ocean Wilsons Hldgs (OCN) - Tugboat Financing

RNS Number : 0851R
Ocean Wilsons Holdings Ld
14 November 2012


                               14 November 2012

                        Ocean Wilsons Holdings Limited

Our principal operating subsidiary, Wilson Sons Limited, has announced to the
Brazilian and Luxembourg Stock Exchanges the following announcement regarding
the financing and construction of 12 new tugboats:



Wilson Sons Limited ("Company") announces to all its shareholders that its
wholly-owned subsidiary Saveiros Camuyrano Serviços Marítimos S/A ("Saveiros")
signed a financing agreement with Banco do Brasil S/A ("Banco do Brasil"), as
agent for the Marine Merchant Fund ("FMM"). The contracted amount of
US$135million will finance 12 new tugboats with azimuth thrusters. All 12
tugboats will be constructed in Wilson Sons' shipyard and are expected to be
delivered by the end of 2016.



This is part of the Company's strategy to increase and renew its fleet in
order to meet the demand driven by growth in the oil and gas industry and
international trade flow, ensuring competitiveness in the expansion of our
towage operations.



Company Contact



Keith Middleton +1 441 295 1309











Seymour Pierce Limited 020 7107 8000



Guy Peters - Corporate Finance



David Banks - Corporate Broking

                     This information is provided by RNS
           The company news service from the London Stock Exchange

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NRAGCBDBGGBBGDS -0- Nov/14/2012 09:03 GMT