Hints and tips:
...Corporate filings in Singapore show that Sayin was one of two new directors registered at CB Enterprises Pte Ltd on Tuesday, the Singapore-registered special purpose vehicle used by Trafigura in 2021 to...
...One key area of marine insurance is liability cover, which covers shipowners for huge accidents such as oil or bunker fuel spills that can incur multibillion-dollar claims....
...Element agreed a £620m deal for lab testing group Exova in 2017, saying at the time that the acquisition would boost the company’s presence in the aerospace, oil and gas sectors....
...But poor management, high oil prices and India’s competitive market eventually brought down the company....
...As well as Singapore Airlines it has shareholdings in Keppel Corporation, which develops oil rigs and Olam International, which has clashed with NGOs over accusations of deforestation....
...It claimed this would reduce greenhouse gas emissions by more than 30 per cent per voyage, compared with traditional marine bunker oil BHP makes most of its money from producing iron ore and coking coal...
...“The document stated that Hin Leong had transferred more than one million barrels of gas oil to China Aviation Oil (Singapore) Corporation Ltd....
...BHP said the ships would reduce greenhouse gas emissions by more than 30 per cent per voyage, compared with traditional marine bunker oil. However environmental researchers rejected that statistic....
...High-sulphur bunker fuel, which shipping companies use at present, is about $420 per metric tonne; low-sulphur oil is around $630 per metric tonne....
...take on Jet, a full-service carrier saddled with $1.2bn in debt that had been unable to compete with its no-frills rivals in India’s cut-throat environment, where airlines are vulnerable to fluctuating oil...
...In a sign of its deteriorating fortunes, in the past week the 25-year-old carrier grounded flights for hours after the state-owned Indian Oil Corporation refused to refuel planes....
...The severity of Jet’s crisis was underlined when state-owned Indian Oil Corporation refused to refuel the carrier’s planes for a few hours on Friday afternoon, grounding flights....
...Beset by soaring oil prices, a weak rupee and ferocious competition, Jet had struggled to stay airborne after defaulting on loan payments to lessors of its aircraft and falling months behind in paying salaries...
...Jet has been unable to reduce its cost base in line with rivals, partly because of its older, less fuel-efficient fleet, leaving it especially vulnerable to a surge in oil prices in the middle of last year...
...Jet has been locked in financial crisis for months, after a jump in oil prices last year further weakened a business already strained by intense competition from Indian budget airlines....
...While factors such as high oil prices and a weak rupee put pressure on the broader industry, Jet’s less fuel-efficient fleet increased its vulnerability and pushed up costs....
...India’s aviation industry has been hard hit by soaring crude oil prices and a weak rupee, but Jet has been most affected....
...has grounded nearly a fifth of its fleet as the debt-laden Indian carrier hashes out a rescue deal with creditors led by State Bank of India, following heavy losses caused by intense competition, high oil...
...Hit by high oil prices, a weak rupee and fierce competition, as of the end of March last year, Jet’s liabilities stood at Rs200.9bn ($2.8bn) against assets of Rs129.6bn....
...Analysts expected the losses as Indian airlines reeled from the impact of higher oil prices, a weak rupee and ferocious competition. Rivals SpiceJet and Indigo also saw their profits plunge....
...While other airlines’ financial results last year also showed the impact of a sharp rise in oil prices and a fall in the rupee, none has approached Jet’s level of financial distress since the collapse of...
...On the earnings call, analysts grilled management on why they did not raise ticket prices in response to high oil prices and a weak Indian rupee, which have inflated costs across the sector....
...The four sites have a combined rolling capacity of about 8m tonnes a year and will give Liberty the ability to supply industries including automotive, construction, industrial machinery and the oil and gas...
...Jet’s relatively old, inefficient fleet mean that it has been particularly badly hit by higher oil prices this year, and stiff competition for price-conscious Indian flyers mean that it has had little ability...
...Jet has suffered in recent months along with its Indian rivals as rising oil prices have raised their fuel costs, while profit margins remain slim....
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