Companies: HMS   

Oil and gas services specialist Hallin Marine Subsea International has won a $4.8 million (£3.2 million) anchor-handling vessel order.

The Isle of Man-based company, which increased first-half pre-tax profits 24 per cent to £7.7 million on turnover doubled to £33.7 million, says the order is for a 67-metre Seacor Penrith vessel, which will carry out anchor-handling, towing and supply services in various offshore oil and gas fields for ‘a major drilling contractor’. The charter will run through to the end of the year, with potential options to extend into 2009.

First highlighted by Growth Company Investor three years ago at 65p, AIM-quoted Hallin’s shares reached 183.5p last August. They have since retreated to 101.5p and, though long-term prospects are fair, medium-term prospects are less exciting.

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Hallin Marine Subsea International	AIM	£37.25m	88.50p	1.00p
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Other company articles:
Hallin Marine			25/11/2008
Interim growth at Hallin			16/09/2008
Hallin in ‘key’ takeover			02/09/2008
Hallin wins Vietnam deal			17/04/2008
Directors’ Dealings by Andrew Hore			29/10/2007