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Meldepliktig handel

Company news

2010-09-02 16:09:35

Harald Espedal, styremedlem i Oslo Børs VPS Holding ASA og Oslo Børs ASA, har 2. september 2010 kjøpt 10.000 aksjer i Oslo Børs VPS Holding ASA til kurs NOK 61 per aksje.
Ny beholdning er 160.000 aksjer.

Mandatory notification of trade

Company news

2010-09-02 16:08:58

Harald Espedal, Board Member of Oslo Børs VPS ASA and Oslo Børs ASA, has 2 September 2010 bought 10.000 shares in Oslo Børs VPS Holding ASA at the price of NOK 61 per share.
After the transaction, Espedal holds 160.000 shares in the company.

Q2 2010 Remora AS

Company news

2010-09-02 13:09:58

Please find enclosed Remora ASs report for Q2-2010.

Meldepliktig handel - Oslo Børs VPS Holding ASA

Company news

2010-09-02 12:40:48

Oslo Børs VPS Holding ASA har i dag, 2. september 2010, kjøpt 6.000 egne aksjer for NOK 61,00 per aksje. Ny beholdning er 31,904 aksjer.

Mandatory notification of trade - Oslo Børs VPS Holding ASA

Company news

2010-09-02 12:37:29

Oslo Børs VPS Holding ASA has today, 2 September 2010, bought 6.000 own shares at a price of NOK 61.00 per share. After this transaction, Oslo Børs VPS Holding ASA holds 31.904 shares in the company.

TCC June 30 2010 Accounts

Company news

2010-09-02 10:48:49

TCC June 30 2010 Accounts are now available on the website www.containership-company.com [about / investor relations].

TCC used less working capital than expected to launch "Great Dragon Service".

Sale of TCC owned containers is in progress and transaction expected to close within October / November 2010.

TCC has upgraded average ship size to about 3,000 TEU per vessel and included Ningbo in the rotation on the Great Dragon Service from September 10 / onwards at the request of shippers. The new vessels are more energy efficient than the previous 2.500 TEU vessels deployed on the Great Dragon Service.

3 out of TCC´s 8 ships have been relet into the market at a profit until needed for launch of new string(s).

With significant new ship capacity being delivered from Shipyards in later part of 2010, TCC expects to see new opportunities to secure long-term control over containership assets to further expand services.

On the back of current financial position, TCC continue to evaluate the opportunities for launching additional string(s) still within 2010.

Outlook for box-rates in the Pacific trades is very uncertain due to significant new capacity coming into the market causing cargo volumes out of Taicang also to be more volatile.

Supply of new capacity into the Pacific trades can also negatively affect the operating result for TCC.

SFL - Notice of Annual General Meeting 2010

Company news

2010-09-02 10:40:02

Press release from Ship Finance International Limited, September 2, 2010

Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company")
announces that its 2010 Annual General Meeting will be held on September
24, 2010. A copy of the Notice of Annual General Meeting and associated
information including the Company's Annual Report on Form 20-F can be found on
our website and in the attachments below.


September 2, 2010
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda



About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock
Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 70
vessels, including 30 crude oil tankers (VLCC and Suezmax), two chemical
tankers, eight oil/bulk/ore vessels, 11 dry-bulk carrier, nine container
vessels, six offshore supply vessels, one jack-up drilling rigs and three
ultra-deepwater drilling units. The fleet is one of the largest in the world and
most of the vessels are employed on long-term charters. The Company has declared
a cash dividend for 26 consecutive quarters.

More information can be found on the Company's website: www.shipfinance.org

Cautionary Statement Regarding Forward Looking Statements

This press release may contain forward looking statements. These statements are
based upon various assumptions, many of which are based, in turn, upon further
assumptions, including Ship Finance management's examination of historical
operating trends. Although Ship Finance believes that these assumptions were
reasonable when made, because assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond its control, Ship Finance cannot give assurance that it will achieve
or accomplish these expectations, beliefs or intentions.

Important factors that, in the Company's view, could cause actual results to
differ materially from those discussed in this presentation include the strength
of world economies and currencies, general market conditions including
fluctuations in charter hire rates and vessel values, changes in demand in the
tanker market as a result of changes in OPEC's petroleum production levels and
world wide oil consumption and storage, changes in the Company's operating
expenses including bunker prices, dry-docking and insurance costs, changes in
governmental rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general domestic and
international political conditions, potential disruption of shipping routes due
to accidents or political events, and other important factors described from
time to time in the reports filed by the Company with the United States
Securities and Exchange Commission.


[HUG#1442269]





SFL - Notice of Annual General Meeting:
http://hugin.info/134876/R/1442269/386539.pdf

SFL - Annual Report 2009:
http://hugin.info/134876/R/1442269/386541.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

Videre utvikling av fondsområdet i VPS

Company news

2010-09-01 09:08:41

VPS har etter avslutningen av arbeidet med utviklingen av et nytt fondssystem i januar 2010 vurdert alternative utviklingsveier videre for forretningsområdet fond. Som et ledd i denne prosessen har VPS besluttet å gå i samtaler med en mulig partner for en felles utvikling av en sterkt fondstjeneste for det norske og nordiske markedet.

The future development of the mutual funds area at VPS

Company news

2010-09-01 09:08:07

Following the termination of work in January 2010 on the project to develop a new mutual funds system, VPS has considered alternative development paths for its mutual funds business area. As part of this process, VPS has decided to enter into discussions with a possible partner on the joint development of a strong funds service for the Norwegian and Nordic market.

AWDR - Second Quarter 2010 Results

Company news

2010-08-31 19:28:03

Please find attached the Q2 2010 report for Awilco Drilling Limited.

SKDP - 2nd Quarter 2010 Report

Company news

2010-08-31 16:06:22

SUMMARY OF MAIN EVENTS
* The Company's construction program of three N-Class drilling rigs at Keppel FELS Shipyard in Singapore is progressing in accordance with the contracted schedule.
* The board considers the market outlook for the Company's drilling rigs to be positive and the Company is currently pursuing several marketing leads.
* The Company completed a USD 30 million share issue In April, 2010 and its subsidiary SKDP 1 Ltd. completed a USD 225 million bond issue in May, 2010.

FINANCIAL INFORMATION
The financial statements for the 2nd Quarter 2010 and the first half year of 2010 have been prepared in accordance with International Financial Reporting Standards (IFRS).
The board expects that the Group will have no substantial revenue prior to the first rig becoming operational, expected in early 2011.
The operating results for the 2nd Quarter 2010 was a loss of USD 3.5 million and a loss of USD 7.6 million for the first half year 2010. The costs are mainly related to marketing, administration and part of preparation for operation of the rigs.
Net result for the 2nd Quarter 2010 was a loss of USD 8.1 million and a loss of USD 13.2 million for the first half year of 2010.
Interest income and expenses related to the Bonds for construction of the three jack-up rigs are capitalized under construction contract in the Group Balance Sheet. The remaining interest income and expense are expensed in the P&L statement.
As of 30 June 2010, the total assets were USD 663.6 million of which capital work in progress on the jack-up units represented USD 392.6 million.
Initial project costs and project management costs have been capitalized.
At the end of the 2nd Quarter 2010 the Group had a total cash balance of USD 268.6 million of which USD 219.0 million was escrowed while the remaining USD 49.6 million was in unrestricted cash. The escrowed cash will be used to pay the last instalment to the yard at delivery of the first rig. The equity amounted to USD 166.5 million as of end of June 2010.
In May 2010 the Group successfully completed a new senior bond issue amounting to USD 225 million in order to fund delivery of the first rig. In addition the Company in April 2010 completed a successful share issue with gross proceeds of about USD 30 million. The net proceeds will be used to fund working capital, operating expenses and mobilization costs for the first rig.

CONSTRUCTION PROGRAM
The company's construction program of three N-Class drilling rigs at Keppel FELS Shipyard is progressing in accordance with the contracted schedule.

MARKET CONDITIONS
The board considers the market outlook for the Company's drilling rigs to be positive and the Company is currently pursuing several marketing leads.

SIGNIFICANT EVENTS POST 30TH JUNE, 2010
On 1st July, 2010 the Company announced that Skeie Technology AS, Skeie Tech Invest AS and Wideluck Enterprises Limited had, on the same date, entered into a Share Purchase Agreement with Rowan Companies, Inc. ("Rowan") for the sale of their shares in Skeie Drilling & Production ASA.
The Agreement became binding on the parties on 19th July, 2010 when Rowan announced that its board of directors had approved the Agreement.
In August, 2010 Rowan announced that it had entered into agreements to acquire additional shares of the Company and has announced that by 24th August, 2010 it had acquired or agreed to acquire 69,9 % of the total numbers of outstanding shares in the Company.
On 24th August 2010 Rowan issued an offer to acquire all remaining outstanding shares of the Company on the same terms that Rowan has agreed as a consideration for the before-mentioned transactions - the offer period expires on 14th September, 2010, subject to extension.

Kristiansand, 31st August, 2010

The Board of Directors
Skeie Drilling & Production ASA

ITCL - Notice of 2010 Annual General Meeting

Company news

2010-08-31 15:40:03

Independent Tankers Corporation Limited (the "Company") announces that its 2010
Annual General Meeting will be held on September 24, 2010. A copy of the Notice
of Annual General Meeting and associated information including the Company's
Annual Report can be found on our website at http://www.itcl.bm/ and attached to
this press release.

Hamilton, Bermuda

August 31, 2010



[HUG#1441654]





Annual Report 2009:
http://hugin.info/138953/R/1441654/385950.pdf

Notice of Annual General Meeting 2010:
http://hugin.info/138953/R/1441654/385979.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Independent Tankers Corporation Limited via Thomson Reuters ONE

Financial Report first half 2010

Company news

2010-08-31 15:27:12

Nordic Petroleum AS - Notice Poplar

Company news

2010-08-31 13:07:58

Status and extension of MoU with Poplar Creek Resources for funding of Phase 1 Chard - core wells

Nordic Petroleum AS - Melding Poplar

Company news

2010-08-31 13:05:07

Status og forlengelse av intensjonsavtale med Poplar Creek Resources om finansiering av Fase 1 Chard - kjerneprøver

ITCL - Q2 2010 Presentation

Company news

2010-08-27 10:30:04

Independent Tankers Corporation Limited advises that a presentation of its
second quarter 2010 results, that were released August 27, 2010, is available on
the Company's website: http://www.itcl.bm and in the link enclosed.

Oslo, August 27, 2010



[HUG#1440942]





Q2 2010 Presentation:
http://hugin.info/138953/R/1440942/385285.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Independent Tankers Corporation Limited via Thomson Reuters ONE

GREG - Q2 report

Company news

2010-08-27 08:40:15

Please find enclosed the 2010 Second Quarter Report of Grégoire AS

ITCL - Second Quarter and Six Month Results 2010

Company news

2010-08-27 08:00:03

Highlights

   ·     Independent Tankers reports net income of $1.0 million, equivalent to
earnings per share of $0.01 for the second quarter of 2010.
   ·     Independent Tankers reports net income of $7.1 million, equivalent to
earnings per share of $0.09 for the six months ended June 30, 2010.
   ·     In June 2010, Chevron Transport Corporation gave binding notice of
termination of the bareboat charter for the VLCC Antares Voyager and gave
non-binding notice of termination of the bareboat charter for the VLCC Phoenix
Voyager.
   ·     In July 2010, BP Shipping Limited extended the bareboat charter for the
VLCC British Purpose for one additional year.
   ·     In July 2010, BP Shipping Limited extended the charter for the double
hull VLCC British Pride for one year after the fixed period ends in July 2011.


Introduction

Independent Tankers Corporation Limited (the "Company" or "Independent Tankers")
was incorporated in Bermuda on January 18, 2008 and the shares have traded on
the Norwegian over-the-counter market, since March 7, 2008. Independent Tankers'
business is mainly concentrated on the ownership and operation of crude oil
tankers on long term bareboat contracts, which include certain cancellation
options, to major oil companies. Independent Tankers owns or leases six VLCC's
and three Suezmax tankers. All vessels are financed through bonds in the US
market and some of the vessels are also subject to financial lease arrangements.
The main shareholder is Frontline Ltd. ("Frontline") with an ownership of
approximately 83 percent.

Second Quarter and Six Month Results 2010

The Board of Independent Tankers announces net income of $1.0 million,
equivalent to earnings per share of $0.01 for the second quarter of 2010. This
compares with a net income of $6.1 million, equivalent to earnings per share of
$0.08 for the preceding quarter. The decrease is largely due to reduced income
of approximately $2.7 million following the sale of the Front Voyager and costs
of approximately $2.7 million incurred regarding the early redemption of the
related bond debt.

The average daily bareboat rate earned in the second quarter by the Company's
VLCCs was approximately $24,500, compared with approximately $24,800 in the
preceding quarter.

Net interest expense for the quarter was $4.9 million (preceding quarter: $5.1
million). At June 30, 2010, all of the Company's bond debt of $310.4 million is
at fixed interest rates ranging from 6.68% to 8.52%.

For the six months ended June 30, 2010 the Company announces net income of $7.1
million, equivalent to earnings per share of $0.09 (2009 comparable six months
$7.1 million, equivalent to earnings per share of $0.09). Net interest expense
was $10.0 million (2009 comparable six months: $10.5 million).

In August 2010, the Company has average cash breakeven rates for its VLCCs of
approximately $18,500 per vessel per day.


Chartering Summary
In June 2010, Chevron Transport Corporation ("Chevron") gave binding notice of
termination for the bareboat charter for the VLCC Antares Voyager and such
termination will take effect in December 2010. The vessel will continue on a
bareboat rate of $28,500 per day until December 2010. The Company will seek
alternative employment for the vessel in accordance with the requirements of the
bond indenture.
In June 2010, Chevron gave non-binding notice of termination for the bareboat
charter for the VLCC Phoenix Voyager. If Chevron wishes to terminate the
bareboat charter, binding notice of the termination has to be given in September
2010 and such termination will take effect in March 2011. The vessel will
continue on a bareboat rate of $28,500 per day until March 2011.
In July 2010, BP Shipping Limited ("BP") extended the charters for the VLCCs
British Purpose and British Pride for one additional year. As a result, the
British Purpose will trade on a market rate with a minimum of $20,000 per day
from mid July 2010 until mid July 2012. British Pride will continue on a
bareboat rate of $24,895 per day until the fixed period ends in July 2011
followed by a market rate with a minimum of $20,000 per day until the end of
July 2012.

Other Matters

On July 15, 2010, the UK tax lease arrangement between Sandringham Shipping Plc
and Dresdner Kleinwort Leasing relating to the VLCC British Purpose was
terminated and the outstanding lease obligation was settled in full using
restricted cash. At June 30, 2010, the lease obligation was $66.2 million and
the termination was cash neutral for the Company. The vessel was sold to
Sandringham Petro Limited, a previously dormant subsidiary of the Company, which
simultaneously entered into a lease with Sandringham Shipping Plc.

In March 2010, a Memorandum of Agreement was signed regarding the sale of the
Front Voyager for net proceeds of $8.3 million and delivery to the buyer
occurred on April 8. The Company recorded a gain on sale of approximately $0.1
million in the second quarter.

74,825,166 ordinary shares were outstanding as of June 30, 2010, and the
weighted average number of shares outstanding for the quarter was also
74,825,166.


The Market

The market rate for a VLCC trading on a standard 'TD3' voyage between The
Arabian Gulf and Japan in the second quarter of 2010 was WS 88; equivalent to
$54,500/day; representing a decrease of WS 1.5 points or $1,100/day from the
first quarter of 2010 and an increase of WS52 points from the second quarter of
2009. Present market indications are approximately $25,000/day in the third
quarter.

The market rate for a Suezmax trading on a standard 'TD5' voyage between West
Africa ("WAF") and Philadelphia in the second quarter of 2010 was WS 113.5;
equivalent to $32,700/day compared to $32,500/day in the first quarter. There
was a decrease of WS 0.5 points from the first to the second quarter and an
increase of WS 55 points from the second quarter of 2009. Present market
indications are approximately $15,000/day in the third quarter

Bunkers at Fujairah averaged approximately $461/mt in the second quarter of
2010 compared to $468/mt in the first quarter of 2010; a decrease of $7/mt.
Bunker prices varied from a low of $422.5/mt at the end of May and a high of
$500/mt at the end of April. On August 26(th), 2010 the quoted bunker price in
Fujairah was $435.5/mt.

Philadelphia bunkers averaged $469/mt in the second quarter, which was a
decrease of $7/mt from the first quarter of 2010. Bunker prices varied from a
low of $416/mt at the end of May and a high of $519/mt at the beginning of May.
On August 26(th), 2010 the quoted bunker price in Philadelphia was $448.5/mt.

The International Energy Agency's ("IEA") August 2010 report stated an average
OPEC oil production, including Iraq, of 29 million barrels per (mb/d) day during
the second quarter of the year. This was a decrease of 80,000 barrels per day
compared to the first quarter of 2010 and an increase of 500,000 barrels per day
compared to the second quarter of 2009.

IEA further estimate that world oil demand averaged 86.6 mb/d in the second
quarter of 2010, representing an increase of 510,000 barrels per day compared to
the first quarter of 2010, and approximately 2.6 mb/d from the second quarter of
2009. Additionally, the IEA estimates that world oil demand will average 86.6
mb/d in 2010 representing an increase of 2.2 percent or approximately 1.8 mb/d
from 2009.

The VLCC fleet totalled 531 vessels at the end of the second quarter of 2010, up
from 527 vessels at the end of the previous quarter. 12 VLCCs were delivered
during the quarter versus an estimated 18 at the beginning of the year.
Throughout 2010 the current estimate is 74 deliveries. The orderbook counted
174 vessels at the end of the second quarter, down from 179 orders from the
previous quarter. Seven new orders were placed during the quarter and the
current orderbook represents about 35 percent of the VLCC fleet. During the
quarter eight vessels were removed from the trading fleet for scrapping or
conversion/storage purposes. According to Fearnleys the single hull fleet now
stands at 55 vessels.

The Suezmax fleet totalled 406 vessels at the end of the second quarter, up from
401 vessels at the end of the previous quarter. Eight vessels were delivered
during the quarter versus an estimated 14 at the beginning of the year. For
2010 the current estimate is 67 deliveries. The orderbook counted 146 vessels at
the end of the quarter, up from 127 vessels at the end of the previous quarter.
29 new orders were placed during the quarter and the current orderbook now
represents 36 percent of the total fleet. Two orders were reported cancelled and
three vessels were removed from the trading fleet during the quarter. According
to Fearnleys the single hull fleet now stands at 23 vessels.


Strategy and Outlook

The Company's strategy is mainly concentrated around long term charters to
reputable oil companies and for the time being BP and Chevron. The Company's
charter coverage for its six double hull VLCCs is 99 percent for the remaining
part of 2010 and 53 percent in 2011, if the charters are not extended. The
charter coverage for the three double hull Suezmax tankers is 100 percent for
the remaining part of 2010 until 2015. The Company expects to reduce net debt
for the remaining part of 2010 by approximately $20.0 million.  The long term
focus is on restructuring the bond debt and UK leasing arrangements within the
Company.

Independent Tankers has historically not been influenced by market exposure due
to fixed bareboat contracts on all the vessels.  As a consequence of the
termination of the bareboat charters for the VLCCs British Pioneer and Antares
Voyager and the potential termination of charter for the VLCC Phoenix Voyager in
September 2010, the Company will be exposed to market fluctuations on these
vessels.  Based on the termination and extension of charters in 2010, the
Company's fleet represents a good combination of floating and fixed charter
exposure.

The Company will continue with low cash breakeven rates and financing through
the US bond market with maturities from 2015 to 2021. The combination of fixed
bareboat charters and floating market rates for the six VLCCs in the years ahead
and the fact that all the vessels are financed creates a potentially solid
platform for the Company going forward.


Forward Looking Statements

This press release contains forward looking statements. These statements are
based upon various assumptions, many of which are based, in turn, upon further
assumptions, including the Company's management's examination of historical
operating trends. Although the Company believes that these assumptions were
reasonable when made, because assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond its control, the Company cannot give assurance that it will achieve
or accomplish these expectations, beliefs or intentions.

Important factors that, in the Company's view, could cause actual results to
differ materially from those discussed in this press release include the
strength of world economies and currencies, general market conditions including
fluctuations in charter hire rates and vessel values, changes in demand in the
tanker market as a result of changes in OPEC's petroleum production levels and
world wide oil consumption and storage, changes in the Company's operating
expenses including bunker prices, drydocking and insurance costs, changes in
governmental rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general domestic and
international political conditions, potential disruption of shipping routes due
to accidents or political events, and other important factors described from
time to time in the reports filed by the Company with the Norwegian
over-the-counter market in Oslo.

The full report is available in the link enclosed.

The Board of Directors
Independent Tankers Corporation Limited
Hamilton, Bermuda
August 26, 2010


Questions should be directed to:
Bengt Neteland: Vice President Finance, Frontline Management AS
+47 23 11 40 37 or +47 924 99 386


WEBSITE: WWW.ITCL.BM


[HUG#1440903]





2nd quarter 2010 results:
http://hugin.info/138953/R/1440903/385232.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Independent Tankers Corporation Limited via Thomson Reuters ONE

NBNP - Foreløpig VEK pr. 30.06.2010

Company news

2010-08-26 16:13:46

Foreløpig verdijustert egenkapital pr. aksje i North Bridge Nordic Property AS pr. 30.06.2010 er estimert av Manager til NOK 1.599,81.

Det tas forbehold om endringer inntil styrebehandling har funnet sted.

SFL - 2Q 2010 Presentation

Company news

2010-08-26 16:00:04

Press release from Ship Finance International Limited August 26, 2010

Please find enclosed the presentation of the Preliminary Second Quarter 2010
Results to be held Thursday, August 26, 2010 in the link below.




[HUG#1440708]





Presentation of 2nd quarter 2010 results:
http://hugin.info/134876/R/1440708/385034.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
All reproduction for further distribution is prohibited.

Source: Ship Finance International Limited via Thomson Reuters ONE