GE Shipping reports Rs 2.45 bn loss in Apr-Jun qtr; revenue at Rs 8.76 bn

Great Eastern Shipping Company (GE Shipping) on Friday reported a consolidated net loss of Rs 2.45 billion during the quarter ended June 30, 2018. The company had posted a net profit of Rs 1.03 billion during the same period a year ago, it said in a BSE filing. Total income of the company during the
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APM Terminals Pipavav (Gujarat Pipavav Port Ltd), announced the standalone financial results for the first quarter ended June 30, 2018. The company reported a net profit of INR 471 million for Q1FY19 as against INR 557 million in Q1FY18. Revenue from operations for the quarter under consideration stood at INR 1760 million as against INR
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COPENHAGEN: A.P. Møller – Mærsk A/S’ (APMM) has highlighted in the financial report for Q1 2018 the expectation for the 2018 result was subject to increased uncertainties impacting container freight rates, bunker prices and rate of exchange due to geopolitical risks, trade tensions and other factors. Based on the outlook for freight rates for the
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Container Corporation of India (CONCOR) has reported strong YoY increase in volume in ex-im at 794,402 TEUs (+11.4 per cent YoY) and similar growth in domestic at 142,559 TEUs (+9.7 per cent YoY) in the first quarter of 2018-19. Key highlights * As per an analysis by Kotak Securities, CONCOR’s Q1FY19 result highlights include 1)
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Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, reported net income of $2.0 million and net income attributed to common stockholders of $0.5 million for the second quarter of 2018, compared to a net loss of $23.8 million and a net loss attributed to common stockholders of $25.3
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RIYADH: Bahri reported a rise in net income for the second quarter of 2018, mainly driven by an improved performance and fleet expansion. The company’s net profit was up by 20.4 percent to SAR 185.4 million from SAR 153.9 million reported in the same quarter a year earlier. The increase in net income is mainly
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DUBAI: DP World Limited handled 35.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2018, with gross container volumes growing by 4.8% year-on-year on a reported basis and 6% on a like-for-like basis. The first half of 2018 continues to see an upswing in global trade
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If exports from SEZs are taken into account, then Gujarat accounts for nearly 30 per cent of national SEZ exports AHMEDABAD: Gujarat has clocked an impressive 22 per cent growth in exports in 2017-18, Government officials said recently. The growth has also increased the State’s overall share in India’s export pie. “Gujarat’s exports have increased
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With increasing crude oil prices and rig counts over the past several months, the U.S. Energy Information Administration (EIA) continues to closely monitor U.S. crude oil production trends. EIA publishes several reports that cover current crude oil production conditions and how recent trends may affect the near-term outlook for the oil industry. Each product is
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In Q1 2018, A.P. Moller – Maersk had a revenue growth of 30% to USD 9.3bn, 10% excluding Hamburg Süd, with growth in all business segments and a strategic transformation well underway. A.P. Moller – Maersk reiterates its expectations for 2018 of an underlying profit above 2017 (USD 356m), however noting increased uncertainties due to
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