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

People & Company News

Stena Sonangol Suezmax Pool Rings in 10 Years

Stena Sonangol Suezmax Pool celebrates 10 years of collaboration and trading.   The 10th anniversary celebrations took place in London on May 20. Today on May 26 it is Houston’s turn and,

UNOLS Seeks Fleet Improvement Committee Chair

The University-National Oceanographic Laboratory System (UNOLS) informs it is seeking nominations to fill a Fleet Improvement Committee (FIC) Chair position.   The position,

Former Petrobras Exec Sentenced to 5 Years Jail

A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.1243 sec (8 req/sec)