offshore
JAKARTA, Aug 12, 2021 - (ACN Newswire) - Wintermar Offshore Marine (WINS:JK) has announced results for 1H2021, achieving a gross profit of US$3.3 million for 1H2021, compared to gross loss of US$0.66 million for the same period last year, with fleet utilization recovering to 63%. Utilization improved from 61% in 1Q2021 to 63% in 2Q2021 as oil prices climbed, bringing total revenue for 1H2021 to US$20.1 million, just 8% lower than 1H2020. Due to the cost control measures and streamlining of fleet carried out, total direct costs reduced by 26% thus producing a gross profit of US$3.3 million for ...
ACN Newswire
LABUAN, Malaysia, Aug 12, 2021 - (ACN Newswire) - The newly-formed Labuan Economic Sector Coalition (the "Coalition") which comprises of various associations and business organizations released a press statement to express its grave concerns on the prospects facing Labuan due to unfair application of new SOP requirements, which are causing shipping firms and related major economic sectors to slow down or completely halt their activities on the island. This is despite the fact that Labuan is first among territories and states in Malaysia to have fully-vaccinated over 80% of its population and a...
ACN Newswire
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