Shares & Derivatives
Marco Polo Marine: Indonesian Cabotage Law (Part 2).
By A Singaporean Stockmarket Investor (ASSI)  •  February 16, 2013
Some of the best kind of information we can collect regarding a company's prospects is from revelations by other companies in the same industry. I would like to share something I came across in NextInsight on Jaya Holdings which was published on 12 February 2013.
It was revealed that Jaya Holdings, from chartering its vessels to the O&G industry, "reaped US$7.8 million net profit compared to the paltry US$0.4 m in the same quarter a year ago." "The jump in chartering net profit came from Jaya's charter fleet enjoying an 80% utilisation rate in 2Q2013 versus 62% a year earlier. "The higher demand came with higher averge daily charter rates: US$12,685 versus US$9,222. "The seas, however, have turned choppy. Jaya is expecting its fleet utilisation rate to sink somewhat in the current 3Q2012. "A key reason is the implementation of (long-deferred) cabotage rules by Indonesia effective 1 Jan this ......
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By A Singaporean Stockmarket Investor (ASSI)
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