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.
Israel Bombs Iran In Retaliation – But Here’s Why Iran Denies It Was
Attacked While Israel Refuses To Admit
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Roughly a week after Iran attacked Israel with more than 300 drones and
missiles, 99% of which missed or intercepted, Israel has retaliated,
striking the...
17 hours ago
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