Sealink Heads South

Thursday, July 31, 2008

Sealink International Bhd, pulling the stock's opening price seven sen below its initial offer price of RM1.25, the Star reported.  Sealink's earnings would be sustained by the long-term charter contracts, which contributed about half of revenue, Yong said after the company's listing.
The group's current order book stood at about RM400mil including both charter and shipbuilding activities.  Operating margins were about 25% across the board, Yong said, adding that the steel constituted only 15% of total vessel cost.  The biggest cost is equipment, which Sealink has already pre-booked and therefore, would not see much erosion in margins.

Source:  The Star

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Marintec China Indicates Growth

Marintec China exhibition has grown by 14% since its last edition to cover 80,000 sq m with over 2,000 exhibiting companies  from 34 countries  defying the talk

Euroseas Sells C/V Marinos

Euroseas Ltd.  an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

Bill on Danish Maritime Planning Submitted

The bill is to form the basis of a maritime planning act intended to promote economic growth and development of sea areas. The Danish Maritime Authority is to head the work.

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Port Authority Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0735 sec (14 req/sec)