Rickmers Maritime Trust
Did it pay too much compensation to Polaris for cancelled vessels?
By Ashish Saxena on Friday, 06 March 2015
It settled a loan from its controlling unitholder without seeking independent shareholders for their approval. But that’s just the beginning of this story.
6/3/2015 - Rickmers Maritime Trust has a secured revenue of US$220.1 mln over the next five years.
The Trust already has about 64% of its fleet committed for the year.
During 2014, Rickmers Maritime Trust unexpectedly retired a convertible loan well ahead of scheduled repayments over the next two-and-a-half years.
The loan more...
Wilmar International Limited
Why did it book credit interest, but not debit interest, from off-balance-sheet vehicles?
By Ashish Saxena on Wednesday, 04 March 2015
Q4 revenue down 7.3%, net profit up 8.7%. Its contentious accounting technique of moving loans deposits to off the balance sheet raises several pertinent questions that need to be asked.
4/3/2015 – Wilmar International Ltd says lower palm oil, crude oil and sugar prices will impact its pla more...
Hutchison Port Holdings Trust
MANAGEMENT REPLY: Why did the Trustee-Manager fee rise so much in 2014?
By Ashish Saxena on Tuesday, 24 February 2015
The Trust reported a loss, despite a 2.2% rise in Q4 revenue. Earnings were hit by a HK$19 bln impairment of goodwill.
24/2/2015 – Hutchison Port Holdings Trust says its 23.84% associate Shenzhen Yantian Tugboat Company Ltd has agreed to buy an additional 10% stake in Yantian Svitzer (Huiz more...