The company ended the year with a $0.9bn orderbook value, down from $1.2bn at the end of 2012 and a bid pipeline of $4.7bn, up from $4bn a year ago.
The group's Hamriyah yard is focussed on building eight newbuild jack-ups while a new major rig conversion project is underway in Sharjah and a production, utilities and quarters deck project is being fulfilled at Jebel Ali. Lamprell reports that all projects are on budget and "timely deliveries" are expected.
A focus on delivering current projects contributed to a lower order intake in 2013, although repeat orders did come in from existing clients such as Jindal Group and Greatship Group.
"2013 has proven to be an important year for Lamprell with the business returning to profitability," said Jim Moffat, chief executive of Lamprell. "We now anticipate that the outturn for the full year will be ahead of our previous expectations as a result of the continuing improvement in project execution in the last few months."
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