Essar Ports Q2 FY15 Net Profit Up
Essar Ports Ltd. (Essar Ports), part of the Essar, today announced its unaudited results for the quarter ended September 2014. *Revenue for the quarter increased by 1% at Rs. 435.3 crore as against Rs. 431.6 crore during previous quarter (Q1 FY15)and increased by 7% from Rs. *EBITDA for the quarter increased by 4% to Rs. 361.4crore from Rs. 346.8 crore during the previous quarter (Q1 FY15) and increased by 9% from Rs. *Net Profit for the quarter has increased by 4% to Rs. 96.1crore from Rs.
Oil Surges After Brent Crash
Brent crude jumped almost $2 a barrel on Friday for its biggest daily gain in three weeks as support emerged a day after prices crashed to four-year lows below $80, but analysts were skeptical the rebound would continue, citing concerns over oversupply. Brent crude jumped almost 3 percent, recouping Thursday's drop and limiting losses from an eighth straight weekly drop that made the global benchmark a bargain for some. Brent remains below $80 a barrel, compared with a June high above $115. U.S.
G20 Targets New Global Energy Body
Leaders at the G20 Summit are seeking to lay the foundations for a new global energy trade regime to help ensure open markets and prevent oil and gas supplies being used as tools of foreign policy, the Australian newspaper reported on Saturday. A central part of the plan, which has the backing of Saudi Arabia and Russia, would be an institution to sit above OPEC and the International Energy Agency, the newspaper said in an unsourced report.
Syzran Refinery Output Up
Following the results of nine months of 2014, Syzran Refinery, a part of the Samara group of refineries of Rosneft, increased output of major oil products compared to the same period in 2013. For instance, almost 1.5 million tons of diesel fuel were produced which is 12% higher compared to the first nine months of 2013, and exceeds the plan by 18%. Production of motor spirit increased by 85 thousand tons compared to the previous year, and amounted to 900 thousand tons.
Simrad Partners Key West Boats
Simrad Yachting, announced today its partnership with Key West Boats, Inc. With a reputation for uncompromising attention to detail, particularly in construction and design, Key West has established a history of a worry-free experience for owners and unsurpassed resale value for prospective buyers. Key West has selected the Simrad NSO evo2 system to be the standard navigation system for the new series…
Foreign Crew/Vessels to Notify Immigration at Cilacap, Indonesia
Notice of foreign vessels and crew arriving at PTK Cabang Cilacap (the Government terminal in Cilacap) must be sent to the Immigration office at least 48 hours (2x24 hours) before arrival. Failure to comply with this regulation will result in a fine of up to (equivalent to approximately USD 4,200). Based on the above, the Appointment Letter or Notice of Vessel Arrival should be provided to the agent at least two days in advance.
SCI Declares 1H Financial Results
The Shipping Corporation of India declared its unaudited financial results for the quarter ended 30.09.2014 posting a profit of Rs.18.59 Crores as compared to a loss of Rs.123.53 crores during the quarter ended 30.09.2013. This has resulted in a cumulative profit of Rs.68.09 crores for the half year ended 30.09.2014 as compared to a loss of Rs.222.23 Crores during the half year ended 30.09.2013. This…
Boskalis Raises Full-year Profit Forecast
Royal Boskalis Westminster N.V. (Boskalis) has concluded a good third quarter. Revenue and earnings, adjusted to reflect the deconsolidation of SAAM SMIT Towage, are in line with the first two quarters of 2014. At Dredging the possible settlement of a number of old projects mentioned during the presentation of the half-year numbers has taken place. This contributed substantially to third quarter earnings. Overall market conditions remain challenging.
Hamburg Süd Chooses EUROGATE
Hamburg Süd shipping line has awarded the contract for handling its new EMCS – Europe-Mexico/Caribbean Service to EUROGATE Container Terminal Hamburg. The first ship will berth at the terminal on 13 November 2014. The regular service links Northern Europe with Central America and is scheduled to call at Hamburg on a weekly basis. Hamburg Süd is operating the service with six container vessels each with a nominal capacity of 2,500 TEUs.
Modules for Petrobras' FPSO delivered
The "Consórcio Tomé Ferrostaal" (CTF) named consortium of Rheinmetall International Engineering, a joint venture of Ferrostaal and Rheinmetall, and the Brazilian…