Turkey’s crude oil imports in focus amid lira crisis

Manjula

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Turkey’s sole refiner Tupras will continue to maintain its crude purchases amid the fallout from the country’s currency crisis, a source close to the company said Tuesday. Factbox: Turkey’s lira crisis fallout unsettles commodity markets But some sources said that there could be a narrower pool of companies willing to sell crude to Tupras because
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Cochin Shipyard Limited, a leading Public Sector Shipyard in India, has announced its financial results for the quarter ended June 30, 2018. Q1FY19 performance overview Revenues from operations at Rs. 658.73 cr ; Ship building Revenue Rs 454.39 crs, Ship Repair Revenue Rs 204.34 crs PAT stood at Rs. 106.31 cr; y-o-y growth of 17%
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Highlights: – On July 25, 2018, we announced our 84th consecutive quarterly dividend ($0.02 per share). This is an unparalleled dividend performance in the volatile tanker industry. With improved market conditions, higher dividends can be expected. – The time charter equivalent for our vessels during 2Q2018 was $10,500 per day per ship. In 1Q2018 it
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As if pipeline bottlenecks weren’t enough, Canadian heavy oil producers are facing a new barrier to marketing their crude. New rules limiting the amount of sulfur allowed in shipping fuel is expected to cut demand for both high-sulfur fuel oil and the sour crude that yields it. In Canada, that could extend — or worsen
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Danaos Corporation (the “Company” or “Danaos”) (NYSE: DAC), a leading international owner of containerships, is pleased to announce the consummation of its previously announced debt refinancing , significantly strengthening the Company’s capital structure and reducing its outstanding debt by approximately $551 million. The debt refinancing strengthens the Company’s financial position through the significant debt reduction,
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A total of seven incidents of armed robbery against ships were reported in Asia in July 2018. No piracy incident was reported. There was also no report of abduction of crew in the Sulu-Celebes Seas and no hijacking of ships for theft of oil cargo. JULY 2018 NUMBER OF INCIDENTS In July 2018, a total
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-Total income Q2: SEK 227.0 (211.1) million HY1: SEK 426.6 (436.0) million -EBITDA Q2: SEK –9.3 (10.0) million HY1: SEK –2.3 (39.3) million -Result before tax Q2: SEK –57.0 (–43.9) million HY1: SEK –95.7 (–85.1) million -Result per share after tax Q2: SEK –1.19 (–0.92) million HY1: SEK –2.01 (–1.78) million Events in the second
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Navis, the leading provider of maritime software solutions for cargo operations and vessel performance, announced it will be exhibiting at SMM 2018 in Hamburg, Germany on September 4-7 at its 28th biennial event. With over 2,200 exhibitors and nearly 50,000 attendees from more than 120 countries in the ocean shipping industry, SMM is the leading
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Gulf Navigation Holding (PJSC), which is listed in the Dubai Financial Market (DFM) under the trading symbol ‘GULFNAV’ has announced its financial results for the first half of 2018. The Group recorded losses of AED 14,761 million, compared to profits of AED 19,029 million during the same period last year. Commenting on its financial results,
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The 2016 amendments to the Maritime Labour Convention, 2006, will enter into force for the vast majority of signatory States on 8 January 2019. The MLC Guideline B4.3.1, concerning provisions on occupational accidents, injuries and diseases, is amended such that implications for health and safety will also include harassment and bullying. Additionally, a reference is
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