• 2012 October 24 15:01

  TAS Offshore doubles Q1 profit

  

  Malaysia-based shipbuilder TAS Offshore doubled its net profit and improved revenue in the first quarter ended 31 August 2012, Seatrade Asia online reports.
  
  The Kuala Lumpur-listed company generated first quarter profit of MYR2.71m ($888,520), a jump of 112% compared to a profit of MYR1.28m in the same period of 2011.
  
  Revenue rose slightly to MYR17.78m from MYR17.67m a year ago.
  
  “Our healthy orderbook is expected to contribute positively to our revenue and profits for financial year 2013 and 2014. We are optimistic in our outlook that new orders for offshore support vessels are going to surface,” TAS said.
  
  “The demand for tugboats from Indonesia is sustainable judging from the orders we received from those related to coal and iron ore industries.”

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13:53	Höegh Autoliners and Fortescue call for faster adoption of clean ammonia marine fuel at COP29
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