Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
MAIN FACTS:
-An increasing proportion of Braemar’s business is now done on the spot market; there were no significant changes in the market conditions in the past three months.
-Braemar Technical Services performed in line with management’s expectations; process of creating a single business unit is well underway.
-Logistics division, Cory Brothers, performed in line with management’s expectations; business in Singapore has continued to grow.
-Revenue from the Environmental division was boosted by 15 million pounds in the first half by the work on the MSC Rena in New Zealand; in the third quarter revenue from the MSC Rena reduced faster than expected, to GBP3.4 million.
-Shares closed Tuesday at 381 pence valuing the company at GBP82.41 million.
-Write to Ian Walker at [email protected]
(c) 2013 Dow Jones & Company
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