GE Shipping posted a strong performance in the January-March quarter with revenues hitting multi-quarter high. Margin improved sequentially and the company’s gross debt also declined. G Shivakumar, Executive Director and Chief Financial Officer of Great Eastern Shipping said every asset, whether its a vessel or a rig, is currently getting repriced at a rate higher than the previous contract.
Open FlipPANAJI: Even as the deadline to complete all ongoing smart city work in Panaji is May 31, it seems that Imagine Panaji Smart City Development Limited (IPSCDL) may give it a skip for the smart road work on the stretch from Caculo Mall to the Tonca sewerage treatment plant (STP), due to practical challenges. IPSCDL said that the cumulative target for completing all road works.
Open FlipItalian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said. The carve-outs allow investors focused on oil & gas but uninterested in low-carbon activities, or vice versa, to be more precise about where they put their money.
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