Sealink Unfazed by Escalating Costs

Friday, September 05, 2008

Sealink International is not concerned with the current turbulent economy and escalating material costs, the Staronline.com reported.  Company officials said the group’s performance would not be affected as it was able to mitigate the high material costs with its build and sell strategy.  Sealink’s foreign revenue is mostly contributed by its shipbuilding business, while chartering activities bring in the bulk of the local revenue.  For this financial year ending Dec 31 (FY08) and FY09, the company was expecting 65:35 revenue distribution for the shipbuilding and chartering segments respectively.  On its expansion plans, Sealink has allocated capital expenditure of RM50mil to enlarge its fabrication yard and RM10mil to RM20mil to build a ship-repair yard.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1402 sec (7 req/sec)