Global Carriers Bhd’s wholly owned Budisukma Cekap Sdn Bhd has entered into a shipbuilding contract with Ningbo Shipyard Co Ltd to construct one 10,000 deadweight tonnes double-hull product oil tanker for RM63.38 million cash as part of its aim to expand its fleet size and market share.
The contract would be funded via internally generated funds and bank borrowings, and would increase its gearing level. As at March 31, 2008, the group’s cash and balance stood at RM2.14 million, while its short-term borrowings totalled RM1.46 million.
For its first quarter ended March 31, 2008, Global Carriers slipped into the red with a net loss of RM493,000 versus a net income of RM3.87 million a year ago mainly due to lower effective net rates and lower utilisation, while one of its vessel was under scheduled dry docking.
Scan 14 Nov 2024
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Symbol TypeDateClose PriceVolume13 Day RSI
ABMB Overbought 11/14/2024 4.94 2769000 73.37
KEINHIN Overbought 11/14/2024 1.44 900 70.81
RANHILL Overbought 11/...
12 hours ago
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