Transinsular Announces Cape Verde, Inter-Islands Trade Routes
Transinsular announced the 'Lince Class', the fastest maritime connection with Cape Verde from Portugal (Leixões / Lisbon) and the Canary Islands (Las Palmas). And therefore, the most competitive solution for exporting products from Portugal, Spain, Northern Europe and the Mediterranean. At the same time, and as a complement to the 'Lince Class', the ETE Group will offer inter-island ‘ATOBÁ’ cabotage services, on the way from Praia, Mindelo, Sal and Boavista, connecting these ports to the African proximity markets such as Guinea-Bissau and Mauritania.
Recent Vessel Sales: April 2017
Vessel sales for April 2017 (as of May 1) as prepared by Shipping Intelligence, Inc., New York.
Sao Martinho's Sugar-Ethanol Profits Drop 50%
Net profit at Sao Martinho SA , one of Brazil's biggest sugar and ethanol groups, was 6.4 million reais ($2.9 million) in the quarter ended March 31, down 50 percent from the year-earlier period, the company said in a filing on Monday night. The results for the final financial quarter of the company's 2013/14 cane crop season were hurt by the acquisition of Boa Vista milling assets formerly controlled by Biosev, a local sugar and ethanol unit of global commodities company Louis Dreyfus. The company's debt to EBITDA ratio remained stable in the quarter at 2.02, roughly the same as a year earlier and in the previous quarter. Net revenue was up 3 percent from the year-before quarter at 320.3 million reais.
