STX OSV Holdings has reported a 52% increase in profit to NKr557m ($96.94m) for the third quarter of 2011 compared with the NKr724.6m ($63.70m) it recorded in Q3 2010.

The Norway-based shipbuilder’s third quarter revenue increased by 57% to NKr3.35bn ($583.07m) compared with NKr2.14bn ($372.47m) for the same peiord in 2010.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

For the third quarter of 2011 the company posted EBITDA of NKr589m ($102.51m), an increase of 48% compared with the prior year’s NKr397m ($69.09m).

STX OSV received orders worth $883m for 14 vessels in the first nine months of the year compared with the NKr12.6bn ($2.1bn) worth of orders it won in the whole of 2010.

Thee company won orders worth NKr809m ($140m) during third quarter, and has won two more confirmed contracts since then.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Ship Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Ship Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Recognised with Innovation and Product Launches awards in the 2025 Ship Technology Excellence Awards, BASSnet Neo is BASS Software’s future-ready maritime ERP. See how its cloud architecture, AI automation and integrated BI dashboards are transforming operational control for ship owners and managers.

Discover the Impact