I refer you to the announcement of 13 December in which it elaborates on the progress GEV is making toward ship manufacture: The CNG Optimum 200 ship carries 140 kilometers of pipe which is the single largest cost item for each ship. Sourcing of pipe is a specialised business and GEV has selected a Japanese group, subject to formal agreements, to provide Pipe Procurement Consultancy services. The initial scope of services cover selection of mills, line pipe technical specification, pricing and delivery scheduling. Further details will be provided upon the execution of Agreements.
GEV Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held