Colombo-listed John Keels Holdings (JKH) Tuesday posted lower profits for the nine months ended 31 December (Q3) of 2017.
The company recorded net profit of Rs 11.8 billion ($80 million) in Q3 2017, lower when compared to net profit of Rs 12.5 billion in Q3 2016.
JKH saw total revenue of Rs 87.7 billion in Q3 2017, higher than Rs 76.4 billion in the similar period during 2016.
The company’s bunkering business, namely Lanka Marine Services (LMS), saw increased growth.
“The market share and profits of the group’s bunkering business increased as a result of a double-digit growth in volumes,” said Susantha Ratnayake, Chairman of JKH.
He also added the port of Colombo recorded an 8% growth in throughput in calendar year 2017.
JKR’s transportation segment, which also includes LMS, posted net profit of Rs 2.7 billion in Q3 2017, higher than profit of Rs 2.2 billion in Q3 2016.
The segment’s revenue was Rs 12.7 billion in Q3 2017, higher than Rs 7.9 billion during the third quarter of 2016.
Photo credit: Lanka Marine Services
Published: 31 January, 2018
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.