Latest news with #Supramax
Bangkok Post
a day ago
- Business
- Bangkok Post
TTA Posts Baht 942m Profit in First Half of 2025
Bangkok, August 15, 2025 – Thoresen Thai Agencies (TTA) posted first-half revenues of 14.52 billion baht and net profit of 942.4 million baht, driven by strong Shipping and Other Investments performance. Shipping, Offshore Service, Agrochemical, Food & Beverage, and Other Investments contributed 23%, 53%, 14%, 7%, and 3% of revenue, respectively. Shipping achieved a TCE rate 31% above the market, while Offshore Service maintained a US$688.1 million order book. Other income surged 833% YoY to 1.56 billion baht on digital asset sales. TTA closed the half with 5.7 billion baht in cash, net operating cash flow of 1.61 billion baht, and a debt-to-equity ratio of 0.37. Mr Chalermchai Mahagitsiri, president and CEO, said: 'As we look back on the second quarter of 2025, the Baltic Supramax Index averaged 962 points, up from 819 in 1Q/25, as the seasonal slowdown eased. The Time Charter rate peaked at US$10,762 per day, with a quarterly average of US$10,126. For 2025, Clarksons Research sees dry bulk trade volumes down 0.9% in tonnes but up 0.2% in ton-miles, with bulker supply growing 3.1% amid a limited order book and continued Red Sea rerouting.' He added: 'In June, we optimised fleet efficiency by selling a 24.2-year-old Supramax, reducing the fleet to 24 vessels. We are also proud to be ranked second globally in the 2024 performance survey for listed dry bulk companies by Lienguard & Roschmenn, Maritime Advisors.' Key Strategic Business Segment Performance Shipping Segment: Thoresen Shipping posted freight revenues of 1.67 billion baht in 2Q/25, down 7% year-on-year but up 1% quarter-on-quarter, as Supramax rates softened. The firm's TCE averaged US$12,291 per day, 28% above the market rate, with full fleet utilisation and a peak TCE of US$21,197. Operating costs stood at US$4,600 per day, 13% below the industry average, boosting efficiency. Net profit surged 95% QoQ to 337.9 million baht. The fleet stood at 24 vessels with an average size of 56,068 DWT and age of 16.7 years. Offshore Service Segment: Mermaid Maritime posted revenues of 3.72 billion baht in 2Q/25, down 7% QoQ on lower cable-laying, decommissioning, and T&I activity. Subsea-IRM revenues fell 17% YoY due to vessel maintenance and a brief halt from the Iran conflict, but rose 10% QoQ on expanded non-vessel work. The performing subsea-IRM vessel's utilisation climbed to 87% from 78% a year earlier. Mermaid reported EBITDA of 64.1 million baht and held an order book worth US$688.1 million at quarter-end. Agrochemical Segment: PM Thoresen Asia Holdings (PMTA) booked revenues of 1.07 billion baht in 2Q/25, up 16% QoQ on stronger fertiliser sales. Sales rose 15% in value and 12% in volume to 52,300 tonnes, driven by Vietnam's domestic demand during the planting season and stockpiling ahead of July's VAT hike. Domestic sales surged 45% QoQ to 49,100 tonnes, while exports fell to 3,200 tonnes. Single fertiliser sales jumped 50% QoQ, and NPK fertiliser sales gained 8% QoQ. Service income grew 8% to 31 million baht. Net profit soared 153% QoQ to 41.5 million baht. Food & Beverage: Pizza Hut is operated as a 70%-owned subsidiary of TTA. As of 30 June 2025, there were 200 outlets nationwide. Taco Bell, the leading American restaurant chain serving a variety of Mexican-inspired food, is operated as a 70%-owned subsidiary of TTA. As of 30 June 2025, there were 33 outlets nationwide.
Mint
5 days ago
- Business
- Mint
Shreeji Shipping Global IPO: Price band set at ₹240-252 per share; check key dates, issue details, more
Shreeji Shipping Global IPO price band has been fixed in the range of ₹ 240 to ₹ 252 per equity share of the face value of ₹ 10. The Shreeji Shipping Global IPO date of subscription is scheduled for Tuesday, August 19 and will close on Thursday, August 21. The allocation to anchor investors for the Shreeji Shipping Global IPO is scheduled to take place on Monday, August 18. The floor price and the cap price are 24 times and 25.2 times the face value of the equity shares, respectively. The Shreeji Shipping Global IPO lot size is 58 equity shares and in multiples of 58 equity shares thereafter. Shreeji Shipping Global IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Shreeji Shipping Global IPO basis of allotment of shares will be finalised on Friday, August 22 and the company will initiate refunds on Monday, August 25 while the shares will be credited to the demat account of allottees on the same day following refund. Shreeji Shipping Global share price is likely to be listed on BSE and NSE on Tuesday, August 26. Shreeji Shipping Global IPO will consist solely of a fresh issue totalling 1.6 crore shares. If priced at the upper limit, the total size of the issue will approximate ₹ 410.71 crore. Shreeji Shipping Global, the main entity of the Jamnagar-based Shreeji Group, primarily concentrates on non-major ports and jetties, especially along India's West Coast. The company intends to allocate ₹ 251.2 crore from the IPO proceeds for the purchase of dry bulk carriers in the Supramax category from the secondary market, and ₹ 23 crore will be used to reduce debt. The remaining funds will be dedicated to general corporate needs. Beeline Capital Advisors Pvt Ltd will serve as the book-running lead manager for the Shreeji Shipping Global IPO, while Bigshare Services Pvt Ltd will handle the registrar duties for the issue. Shreeji Shipping Global is engaged in the shipping and logistics sector, specializing in dry-bulk cargo. The company primarily targets non-major ports and jetties, particularly situated along the western coast of India and Sri Lanka. Shreeji Shipping Global has delivered services at more than 20 ports and jetties, including Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi, Dharmatar, and Puttalam. Shreeji Shipping Global IPO GMP today is +9.5. This indicates Shreeji Shipping Global share price were trading at a premium of ₹ 9.5 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Shreeji Shipping Global share price was indicated at ₹ 261.5 apiece, which is 3.77% higher than the IPO price of ₹ 252. According to the most recent five sessions of grey market activity, today's IPO GMP is trending upwards and indicates a solid listing. The minimum GMP recorded is ₹ 0.00, while the maximum reaches ₹ 9.50, as noted by experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price.
North Wales Live
18-06-2025
- Health
- North Wales Live
New non-invasive treatment for incontinence 'offering hope'
A new treatment is offering hope to millions of people suffering with bladder issues, in time for World Continence Week (16–22 June). The UK-first electromagnetic chair uses High-Intensity Focused Electromagnetic (HIFEM) technology to stimulate the pelvic floor muscles. In just one 28-minute session, it delivers the equivalent of 11,000 Kegel exercises, and users stay fully clothed while they sit in the chair. Bladder problems affect more than 14 million people in the UK, that's around 1 in 4 adults. 'Bladder issues can destroy confidence, relationships, and quality of life,' says Nurse Practitioner Joolia Gilvey from The Clinic Norwich. Supramax changes everything. It's discreet, non-invasive, and actually works. For many, it's the first time they've felt hope in years.' Developed by Pure Tone Aesthetics, Supramax is the first medically certified chair of its kind available in the UK. The chair is proving particularly helpful for women, who make up the majority of bladder problem sufferers. NHS figures show that one in three women and one in 10 men experience urinary incontinence at some point in their lives. Clinics report that many patients see results in as little as six sessions, each lasting under half an hour. Treatment courses are now available in clinics nationwide.
Wales Online
18-06-2025
- Health
- Wales Online
New non-invasive treatment for incontinence 'offering hope'
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info A new treatment is offering hope to millions of people suffering with bladder issues, in time for World Continence Week (16–22 June). The UK-first electromagnetic chair uses High-Intensity Focused Electromagnetic (HIFEM) technology to stimulate the pelvic floor muscles. In just one 28-minute session, it delivers the equivalent of 11,000 Kegel exercises, and users stay fully clothed while they sit in the chair. Bladder problems affect more than 14 million people in the UK, that's around 1 in 4 adults. 'Bladder issues can destroy confidence, relationships, and quality of life,' says Nurse Practitioner Joolia Gilvey from The Clinic Norwich. Supramax changes everything. It's discreet, non-invasive, and actually works. For many, it's the first time they've felt hope in years.' Developed by Pure Tone Aesthetics, Supramax is the first medically certified chair of its kind available in the UK. The chair is proving particularly helpful for women, who make up the majority of bladder problem sufferers. NHS figures show that one in three women and one in 10 men experience urinary incontinence at some point in their lives. Clinics report that many patients see results in as little as six sessions, each lasting under half an hour. Treatment courses are now available in clinics nationwide.
Observer
08-05-2025
- Business
- Observer
Total assets of Asyad Shipping top RO 1.1 billion
MUSCAT, MAY 8 Total assets of Asyad Shipping Company SAOG, Oman's majority government-owned maritime transportation company, has recorded a rise in the valuation of its assets to RO 1.099 billion at the end of Q1 2025, up from RO 1.085 billion at the end of 2024 – a growth driven by an increase in property, vessels and equipment, right of use assets and trade receivables. Announcing its maiden financial results for Q1 2025 – the first since the company's successful listing on the Muscat Stock Exchange (MSX) in March following the completion of its Initial Public Offering (IPO) – Asyad Shipping also witnessed an increase in the size of its diversified ocean-going transportation fleet. 'During the first quarter of 2025, two newly built Product Tankers had been acquired that are under construction where the first installment was paid for in Q1 2025; Furthermore, we have made an additional payment related to one of the newly built LNG vessels acquired in 2023,' Abdulrahman Salim Al Hatmi, Chairman of the Board of Directors - Asyad Shipping Company SAOG, noted in the Directors' report for the quarter. Owned 80 per cent by Asyad Group, the Oman-based global integrated logistics enterprise, Asyad Shipping currently operates a fleet of 86 vessels, of which 47 are owned or co-owned, 33 are chartered-in and 6 are under order. The fleet comprises: 22 crude tankers (including 16 VLCCs, four Suezmax vessels and two Aframax vessels); 32 products tankers (26 MRs, two LR2s, two methanol carriers, one small tanker and one small chemical tanker); 17 dry bulk carriers (four VLOCs, nine Ultramax vessels, two Supramax vessels and two Kamsarmax vessels); 10 gas carriers (eight LNG carriers, one VLGC and one MGC); and Five container vessels (two Handymax vessels, one Handysize vessel, one Supramax vessel and one Panamax vessel). A further six new vessels, currently under construction at Korean shipyards, are set to join the fleet over the next two years. Asyad Shipping and its associated ship management and charter companies reported a net profit of RO 11.4 million for Q1 1025, compared to RO 12.8 million for the same period in 2024. Gross revenue amounted to RO 83.8 million, which was slightly lower than the RO 86.4 million recorded in Q1 2024. Parent holding company Asyad Group – part of Oman Investment Authority (OIA) – continues to leverage its expansive presence encompassing the ports, shipping and maritime, land and coastal transportation, and logistics segments, to reinforce the country's appeal as a logistics hub. 'Asyad Group is committed to positioning the Sultanate of Oman as a global logistics gateway and a regional distribution hub for international trade,' commented Abdulrahman al Hatmi, Asyad Group CEO. In an interview featured in Enjaz & Eejaz, the quarterly newsletter of Oman Investment Authority, Al Hatmi, said Asyad Group is 'actively exploring opportunities for foreign acquisition and expansion into new markets'. At the same time, various subsidiaries of the Group have kicked off a number of landmark initiatives that will catalyse further economic growth and investment inflows, he said. Notable among these developments are: the start of construction of the Muscat Airport Free Zone; southern expansion of Sohar Port; Phase 2 development of Sohar Freezone; development of Port Suwaiq and Port Sultan Qaboos; and preparatory works for the Hafeet Rail network project. 'In terms of future plans, ASYAD has completed all necessary studies to develop and operate the Integrated Economic Zone in Al Dhahirah Governorate, enhancing trade links with the Kingdom of Saudi Arabia. It has also finalized agreements for the establishment and operation of a dry port in Al Rawdha, Al Buraimi Governorate, to strengthen trade flows with the United Arab Emirates,' he added.
