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Author Archives: CT Report

Coal stocks at 17 key Indian ports total 11.57 mln mt

NEW DELHI: Coal stocks at 17 major Indian ports totaled 11.57 million mt as of December 17, data released by Indian shipbroker Interocean on Friday showed. The stockpile comprised 9.29 million mt of thermal coal and 2.13 million mt of coking coal, the data showed. Anthracite stocks were at 32,000 mt, while petcoke stocks stood at 122,000 mt. The latest ... Read More »

KPT shipping movement report

KARACHI: Following were the movement of ships at Karachi Port during the last 48 hours, ending at 0700 hours on Monday. SHIPS SAILED: UAFL Zanzibar Hyundai Bangkok Alam Madu Evridiki Wan Hai 512 Equinox Aqnandoussa AL Abdali Yvonne MOl Dedication Pacific Marchioness Oriental Protea Butinah SHIPS BERTHED: Serengeti Tanker KMTC Mumbai Container Ship X-Press Euphrates Container Ship Stolt Botan Tanker ... Read More »

Ports sees cargo rise 17% in first 11 months of 2015

PHNOM PENH: The country’s two largest ports – Sihanoukville Autonomous Port (SAP) and Phnom Penh Autonomous Port (PPAP) – saw cargo throughput rise 17 percent and 7 percent respectively in the first 11 months of this year compared to the same period last year, official data showed. SAP, the kingdom’s maritime container hub, handled 357,545 20-foot-equivalent units, or TEUs (standard-sized ... Read More »

Customs officer Shah Faisal’s performance allowance restored

ISLAMABAD: The performance allowance of Shah Faisal, a Pakistan Customs Service officer of BS-17, has been restored on filing of declaration of assets. The allowance (equivalent to 100 per cent of basic pay) of Shah Faisal, which was discontinued vide Board’s Notification No. 0760-C-I/2015 dated 19.03.2015, has been restored with effect from June 19, 2015, in light of Para 7 ... Read More »

Shipments of copper expected to drop 20-30% in 2016

BEIJING: Some Chinese importers of refined copper have reduced bookings of term shipments for 2016, expecting lukewarm domestic demand and weak prices to continue, industry sources in China said. Term shipments of refined copper are likely to fall 20-30 percent in 2016, said one executive at a large trading firm in Shanghai, putting average monthly term imports next year at ... Read More »

Pak rupee depreciates by 15 paisas in open market

KARACHI: The Pakistani rupee Monday lost value against the US dollar in open market, and remained firm in interbank. According to the local money market, the American currency gained 15 paisas in open market to reach 106.55 and remained steady in interbank at 104.40. On Friday, the dollar lost five paisas in open market for selling at 106.40 and remained ... Read More »

Kuwait exports decrease 45.1% in Q3

KUWAIT: In July-September 2015, Kuwait’s exports were KD 4. 1 billion with a 45.1 percent decrease and imports were KD 2.3 million with a 3.9 percent increase compared with July-September 2014, according to foreign trade statistics. In July-September 2015, balance of trade was KD 1.8 billion while it was KD 5.3 billion in July-September 2014 with a 65.7 percent decrease. ... Read More »

2-in-1 PC shipments to see growth in 2016

WASHINGTON: While notebook and tablet shipments have seen slow growth or decreases, 2-in-1 notebook/tablet shipments have significantly increased and therefore global 2-in-1 shipments in 2016 are expected to grow on year by a double-digit rate, according to Taiwan-based supply chain makers. As demand for notebooks has been stagnant and tablets have been cannibalized by large-size smartphones, many notebook/tablet vendors, such ... Read More »

K2 revenues increase 30% over last year

WASHINGTON: Wind industry consultancy K2 Management increased over the last year its revenue by 30% and grew the number of employees by 40% The Danish company’s turnover for the financial year 2014/2015 – from 1 October to 30 September –accumulated to €10.44m (EBIT of 8%). The number of employees increased to 75 from 53. K2 Management managing director Henrik Stamer ... Read More »

KPMG revenues increase 8.1% in local currency terms

MANAMA: KPMG International announced aggregated network revenues of $24.44 billion for the fiscal year ending September 30, representing an 8.1 per cent increase in local currency terms, up from 6.3pc in the previous year. “This has been an exciting year for KPMG, as we have continued to innovate and invest at a record pace to meet rapidly changing global business ... Read More »

Saudi crude oil exports rise to 7.364 million barrels a day in Oct

RIYADH: Saudi Arabia boosted crude exports in October to the highest level in four months, as the world’s biggest oil exporter added barrels to a worldwide supply glut that has contributed to a slump in prices. Saudi shipments rose to 7.364 million barrels a day in the month from 7.111 million in September, according to the latest figures from the ... Read More »

Oman’s total revenues fall by 35.6% in Oct 2015

MUSCAT: Oman’s total revenue touched 7.4 billion riyals (Dh70.63 billion) at the end of October this year, dropping 35.6 per cent, compared to 11.5 billion riyals in the same period last year. The total revenue from oil, estimated to be 4.6 billion riyals, fell 45.6 per cent during the month, compared to 8.6 billion riyals in the same period last ... Read More »

HCM City expects 10% rise in tourism revenues

HCM CITY: Ho Chi Minh City is on track to post a 7 percent increase in the number of foreign visitors and a 10 percent rise in tourism revenues this year.  A new statement from the city government said it is estimated to earn VND94.6 trillion ($4.19 billion) from tourism this year. Foreign tourists to Ho Chi Minh City in ... Read More »

China stocks rise 1.8% to 3642.47

SHANGHAI: Shares in China finished at their highest levels in nearly a month on Monday, amid expectations Beijing would introduce measures to help boost the country’s flagging property sector. The Shanghai Composite Index SHCOMP, +1.77% rose 1.8% to 3642.47, its highest closing level since Nov. 25. A gauge of property shares on the CSI 300, which measures performance of the ... Read More »

Nikkei 225 Stock Average falls 0.4% to 18,916.02.

TOKYO: Japanese stocks fell for a second day, following U.S. stocks lower, as Friday’s jump in the yen weighed on exporters and Toshiba Corp. tumbled on a report it will post a record loss. Shares pared their decline in the afternoon as the currency gave up some of its gains. The Topix index slipped 0.4 percent to 1,531.28 at the ... Read More »

Punjab govt decides to establish small industrial estate in Gujranwala

SIALKOT: The Punjab government has decided to establish small industrial estate No.4 in outskirts of Gujranwala city for shifting the growing industries from Gujranwala city to there. According to Gujranwala Assistant Commissioner Malik Arif Ullah Awan, the government has allocated the special funds of Rs.637 million for acquiring the required 195 acres land to establish small industrial estate near Puran ... Read More »

BToto revenue climbs 15.1% to RM1.44 billion in Q2

PETALING JAYA: Berjaya Sports Toto Bhd’s (BToto) revenue for the second quarter ended Oct 31, 2015 rose 15.1% to RM1.44 billion from RM1.25 billion a year ago due to the contribution from H.R. Owen Plc, Sports Toto Malaysia Sdn Bhd and Philippine Gaming Management Corp (PGMC). Pre-tax profit for the quarter fell 19.8% to RM114.93 million from RM143.24 million a ... Read More »

Vietnam scrap steel imports drop sharply in Nov 2015

TOKYO: The most recently released trade data indicates that scrap steel imports by Vietnam during the month of November this year dropped sharply when compared with the previous month. Vietnam imported 220,000 tons of scrap steel during Nov ‘15. The scrap imports by the country have dropped by nearly 12.8% when compared with the imports during the month before. The ... Read More »

Duluth Holdings reveneu rises 30% to $55.3m

NEW YORK: Duluth Holdings Inc. said its earnings fell 50% in the apparel retailer’s first quarterly report since it went public last month, although revenue rose. Shares were up 1.9% to $16 in recent after-hours trading. Through Thursday’s close, the stock has risen 31% from its initial public offering price of $12 a share. The casual wear and workwear purveyor ... Read More »

Vietnam’s rice exports likely to exceed target

HANOI: Viet Nam’s rice exports are likely to exceed the target set for 2015 by 200,000 tonnes to 300,000 tonnes, hitting around 6.5 million tonnes for the year. A strong end to the year has been attributed to the sector’s success. According to the Viet Nam Food Association, the country had shipped 5.807 million tonnes of rice as of November ... Read More »