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Last $53.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 11:45 AM 10/29/14 All times are local (Market data is delayed by at least 15 minutes).

vyborg shipyard-brd (VSSZ) Snapshot

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vyborg shipyard-brd (VSSZ) Details

Vyborg Shipyard Open Joint Stock Company operates as a ship building company in the north-western region of the Russian Federation. It primarily engages in the construction of small and medium tonnage vessels, and offshore drilling rigs. The company constructs offshore drilling platforms, such as semi-submersible drilling platforms, jack-ups, deep-sea semi-submersible platforms, and topside modules for oil and gas exploration and production. It also builds a range of vessels, including tankers, tugs, containerships, timber carriers, dry-cargo ships, special and fishing vessels, floating cranes, barges, and landing ships. In addition, the company is involved in the construction of floating rocket launching, sea ice-proof stationary, and multipurpose bare deck platforms. Further, it offers ship repair and modernization services, such as mooring quays and various repair works. Additionally, the company provides structures of steel, stainless steel, aluminum for shipbuilding, construction, oil processing industries, etc. Vyborg Shipyard Open Joint Stock Company was founded in 1948 and is based in Vyborg, the Russian Federation.

Founded in 1948

vyborg shipyard-brd (VSSZ) Top Compensated Officers

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vyborg shipyard-brd (VSSZ) Key Developments

Vyborg Shipyard to Build RUB 6 Billion Icebreaker of Aker ARC 124 Project for Atomflot

FSUE Atomflot is going to place an order for construction of an icebreaker of Aker ARC 124 project with Vyborg Shipyard. According to the procurement documents, the contract is valued at RUB 6,008,550,000. The order is to be fulfilled by November 30, 2018.

Vyborg Shipyard Announces Earnings Results for the Nine Months of 2014

Vyborg Shipyard announced earnings results for the nine months of 2014. For the period, the company reported net loss was decreased 2.71-fold to RUB 123.704 million from RUB 335.84 million the year ago. Revenue increased by 48.37% to RUB 3.282 billion from RUB 2.212 billion, sales profit was RUB 237.923 million against a loss of RUB 260.884 million, loss before tax decreased 2.8 times to RUB 149.516 million from RUB 418.196 million.

Vyborg Shipyard Enters Loan Agreement with VTB Bank

On April 07, 2014 stockholders of OAO Vyborg Shipyard approved major interrelated deals with OAO VTB Bank, in particular for a loan agreement with a lending limit of RUB 1,200,000,000. The funds will be used to finance construction of icebreakers under agency agreements # 10/19-02/2012 and # 11/19-02/2012 as of 14.11.2011 and # 148/19/2012 as of 18.12.2012 and day-to-day activities. The maturity term: 730 days and interest rate is not over 12.5% per annum. Loan agreement # 39-05/13 as of 08.11.13 which lending amount is RUB 470 million. The funds will be used to finance day-to-day activities of the borrower. The maturity date is Nov. 7, 2014 and interest rate is 10.50% - 10.25% per annum.


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