Milaha Reports Rise in Profit

Qatar Navigation (Milaha) ended the first nine months of 2018 with a profit increase of more than 10 percent.  The company’s net profit rose to QAR 400 million (around USD 109.9 million) during the nine-month period ended September 30, 2018, from QAR 363 million (USD 99.7 million) seen in the same period a year earlier.
Complete Reading

Global Ship Lease, Inc., a containership charter owner, announced its unaudited results for the three months and nine months ended September 30, 2018. Third Quarter and Year To Date Highlights – Reported operating revenue of $35.9 million for the third quarter 2018. Revenue for the nine months ended September 30, 2018 was $107.0 million –
Complete Reading

DUBAI: DP World Limited handled 53.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2018, with gross container volumes growing by 2.6 % year-on-year on a reported basis and 3.7% on a like-for-like basis. Gross like-for-like volumes declined by 0.5% in 3Q2018 due to the
Complete Reading

DP World Limited handled 53.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first nine months of 2018, with gross container volumes growing by 2.6 % year-on-year on a reported basis and 3.7% on a like-for-like basis. Gross like-for-like volumes declined by 0.5% in 3Q2018 due to the tougher
Complete Reading

About 92.68 % (Rs 388.24 bn) of the total IGST refund claims (Rs 418.89 bn) transmitted to Customs from GSTN NEW DELHI: The Finance Ministry has recently clarified that the pending Goods and Services Tax (GST) refunds on account of exports amounted to only Rs 20.77 bn till date. In a statement, the Ministry said,
Complete Reading

South Korea’s SK Holdings Co., the holding entity of the SK Group, plans to sell a majority of its stake in SK Shipping to local private equity firm Hahn & Co. for an estimated $ 1.3 billion, it is learnt. The SK Group is a large family-owned business conglomerate in South Korea. Founded in 1982
Complete Reading

COSCO Shipping Ports (CSP) reported container volumes of 8.7 million TEUs in August 2018, up 12 per cent year-on-year. One of the key reasons was the strong growth at its northern China ports, with box throughput at its terminals in the Bohai Rim region rising 22 per cent to 1.8 million TEUs, reports said. The
Complete Reading

52st Annual General Meeting of Goa Shipyard Limited was held on 17th September, 2018 wherein the Company adopted the Annual Accounts for FY 2017-18. The meeting was attended by members of the Board of Directors, shareholders and other senior functionaries of GSL, says a release. RAdm Mital, Chairman & Managing Director whilst addressing the members,
Complete Reading

At yesterday’s IUMI conference in Cape Town, Chair of the Ocean Hull Committee, Mark Edmondson, highlighted a continuing deterioration of premium income against the more positive picture of an improving risk profile. However, the international market has shown signs of improvement during 2018, although continuing volatility and uncertainty in many sectors remained a concern. “Whilst
Complete Reading

The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported financial results for the six months ended 30 June 2018. The Club recorded a 106.4% combined ratio, which was in line with expectations and underlines the Club’s support for its Members. The Club’s investment portfolio saw a loss of
Complete Reading

Create Account



Log In Your Account