• 2017 May 22 13:11

    Vallianz records operating profit of US$ 20.3 mln for FY 2017

    Vallianz Holdings Limited,  an  established  provider of offshore support vessels and integrated marine  solutions  to the oil and gas industry, today reported  its financial results  for the 15 months ended 31  March 2017. 

    The Group’s financial year - end has been changed to 31 March from 31 December previously.  The Group recorded a n operating  profit  before  tax  of  US$ 20.3 million on revenue of US$247.8 million  in FY 2017.  Around  84 % of the Group’s  revenue was generated  by its vessel chartering and brokerage  business which is  buoyed primarily by long - term chart er contracts in the Middle East. This  contribution  was higher  compared to 64% for the 12 months ended 31 December 2015, which is in line  with the Group’s strategy to focus on its core vessel chartering and brokerage business.

    Correspondingly,  vessel management services accounted for a  lower  15 % of Group revenue in  FY 2017.  Gross profit margin in FY2017 was slightly softer at 25. 2 % compared to 27.9% in  FY 2015. This  was due mainly to  the  renewal of certain existing contracts at a lower average charter rate ( as announced on 20 July 2015), which was  partially cushioned by  the  Group ’s  proactive management of operating costs. 

    As a result of the business slowdown in the offshore oil and gas industry, the  Group had to record non - cash  net  impairment expenses totaling  US$ 214.6 million,  including impairment expenses of  US$ 22.3 million attributable  to non - controlling interests, for certain of its assets in  FY 2017.  These Exceptional Expenses caused the Group to slip into  the red  in FY2017 with  a net  loss  of  US$ 158.4 million.

    About Vallianz Holdings Limited

    Vallianz Holdings Limited is an established provider of offshore support vessels and integrated offshore marine  solutions to the oil and gas industry. Headquartered in Singapore, the Group provides offshore marine services to oil  majors and national oil co mpanies worldwide. Today, Vallianz owns and operates a young fleet of  52 offshore  support vessels and covers markets in the Middle East, Asia Pacific and Latin America. To strengthen its foundation for growth, the Group is currently executing initiatives to expand its geographical reach,  as well as broaden its range of marine assets and solutions. The Group also continues to seek opportunities and  strategic alliances to increase its penetration in the major and emerging offshore oil and gas markets. Listed on  SGX - Catalist, Vallianz is helmed by an experienced management team. 

2018 June 17

18:40 Port of Oakland's largest terminal operator OK new lease to 2027
18:38 GoodBulk Ltd. announces delivery of Capesize vessel
18:32 Navios Maritime Partners announces sale of containership and options to sell four additional containerships

2018 June 15

18:35 Hapag-Lloyd implements Peak Season Surcharge from Mediterranean to USA
18:05 Wallenius Wilhelmsen Ocean adds Adelaide on the Australia service
17:54 Throughput of port Kaliningrad in 5M’18 up 12% Y-o-Y to 6.05 million tonnes
17:35 GTT conducts two FEED studies on two types of Gravity Based System
17:20 Throughput of port Vyborg in 5M’18 up 22% Y-o-Y to 610,900 tonnes
17:05 Port of Koper officially part of the New Silk Road
16:40 Yantar Shipyard launches yet another trawler of Project SK-3101R
16:35 Port of Long Beach volume up to 687,427 TEU in May 2018
16:05 Royal IHC joins PortXL
15:45 Throughput of port Vysotsk in 5M’18 declined by 3% Y-o-Y to 7.49 million tonnes
15:22 Main phase of Nizhegorodsky hydrosystem project obtains state expert approval
15:21 VTG FastTrack makes ad hoc transportation from the Port of Hamburg possible
15:00 Vopak opens new rail infrastructure in the port of Antwerp
14:21 Royal IHC and IHC IQIP sign memorandum of agreement with SOIC
14:09 DNV GL issues first type approval for aluminium cables onboard ships
13:16 Throughput of port Primorsk in 5M’18 down 18% Y-o-Y to 22.63 million tonnes
12:48 Bunker prices are down at the Port of Saint-Petersburg, Russia (graph)
12:27 Innovative solution for lowering of ship emissions tested in the port of Rotterdam
12:23 LUKOIL commissions third well at Filanovsky field second stage
11:59 Throughput of port Ust-Luga in 5M’18 down 1% to 41.48 million tonnes
11:31 Throughput of Big Port St. Petersburg up 16% to 24.73 million tonnes in 5M’18
11:02 Lloyd’s Register and TWI launch Fullagar Technologies
10:30 Kotug Smit Towage performs naming ceremony for Damen tugs Rotterdam & Beagle
10:24 Brent Crude futures price down 0.14% to $75.83, Light Sweet Crude – down 0.09% to $66.83
10:02 Seaports of Ukraine handled 54.3 million tonnes of cargo in 5M’18, down 2.1% Y-o-Y
09:40 Throughput of Russian seaports in 5M’18 grew by 2.7% Y-o-Y to 328.4 million tonnes (detalization)
09:19 Baltic Dry Index up to 1,433 points

2018 June 14

18:03 CMA CGM announces FAK rates from East Mediterranean ports to Gulf and Red Sea
17:47 Throughput of port Kavkaz in 5M’18 up 37% Y-o-Y to 15.34 million tonnes
17:33 APL unveils new China Southeast Asia Service 8
17:30 Specifications of products to be rated as manufactured in Russia will be updated
17:03 Pasha Hawaii receives new refrigerated containers as part of container replenishment program
16:48 State Duma approves federal law on setting rouble prices for services offered in Russian seaports (document)
16:33 Long Beach Harbor Commissioners adopt port budget
16:16 Rosmorport announces tender for dredging works in water area of port Vanino
16:03 Prosafe extends standstill agreement with Cosco
15:50 Vyborg Shipyard to deliver two 22 MW icebreakers of Project IBSV01 by November’18
15:32 Huisman and RAMLAB start project for the production of 3D large offshore crane hook
15:19 FESCO fleet began supplying of goods to northern Russia
15:02 HMM, Evergreen and APL launch China-Australia express service
14:32 Keppel delivers second rig to Borr Drilling
14:20 Commercial Sea Port of Ust-Luga accepted and handled a Panamax ship
14:02 MOL's newbuilding coal carrier OI MARU to serve JERA Trading
13:47 Global fuel market is waiting for some clarity from the Vienna meeting next week, expert says
13:46 Three nuclear-powered icebreakers of Project 22220 will be delivered by 2021 – USC
13:32 DFDS orders additional freight ferry newbuilding from Jinling Shipyard
13:02 TechnipFMC and DOF Subsea announce the delivery of Skandi Recife and commencement of contract with Petrobras
12:44 WMU joins in Malmö coastline clean-up for World Oceans Day 2018
12:25 APM Terminals offers new gateway to Iraq
11:43 Extensive geotechnical investigation of the Port of Riga territory commenced in Spilve meadows
11:19 Bunker prices is growing at the Far East ports of Russia (graph)
10:21 Brent Crude futures price down 0.31% to $76.5, Light Sweet Crude – down 0.09% to $66.58
10:00 Baltic Workboats is renewing the Danish pilot boat fleet
09:38 Major amphibious ship Ivan Gren to join Russian Navy before late June 2018
09:17 Baltic Dry Index up to 1,404 points

2018 June 13

18:35 ESPO congratulates Port of Dunkerque for obtaining EcoPorts’ environmental standard (PERS)
18:05 CMA CGM announces FAK rates from Asia to North Europe