Several subsidiaries of Berlian Laju Tanker have obtained orders from the Singapore High Court preventing their ships from being impounded while the group is working with creditors to achieve a consensual restructuring.
PT Berlian Laju Tanker (BLT) has called a moratorium on its debt repayments; its shares have been suspended on the Indonesia Stock Exchange as a result.
Exmar has reported turnover of $453.7m in its preliminary results for 2011, up 9.6 per cent on the $413.9m recorded a year earlier. EBITDA fell, however, from $176.9m in 2010 to $139.9m.
Stolthaven Terminals reports operating profit of $18.0m in the fourth quarter 2011 (three months to end November), up from $15.8m in the previous period.
Stolt Tank Containers has reported fourth-quarter operating revenue of $133.3m, down from $139.5m in the previous period, after a second successive quarter of softening demand.
