Out of bounds

Out of bounds



Abu Dhabi ,
ADNOC UAE cuts June crude supplies to Asia 10%
three well - informed sources said on Friday, said that the Abu Dhabi National Oil Company (ADNOC) notify buyers in Asia, it will reduce the June supply of all raw materials - Murban and Das and Upper Zakum - ten percent. The (ADNOC) has reduced the supply of may / may Khami Murban and Das seven percent.


Berlin
Air Berlin incurs record net annual loss under restructuring ,
said Air Berlin , Germany, on Friday, it suffered a record net annual loss of 782 million euros ($ 854 million) in 2016 a large loss in the first quarter of 2017 due to the restructuring and reduction of value costs the pressure on Rahlat.otgera Air Berlin prices, owned by 29 percent of Etihad 's Abu Dhabi - based, the restructuring includes reducing the size of its fleet by half to about 75 aircraft at a time when the company is struggling to achieve last year Alrlakeh.ovi, faced Air Berlin, more competition on the sea routes has befallen The center while on the competitors capacity from Egypt to Turkey and Aspaina.tzar results over the challenge faced by the former director of Lufthansa Thomas Winkelmann, who took over the presidency of the company Am.oukalt the company in a presentation, it has adequate funding liquidity to continue restructuring, but improvement results will not appear before the end of the quarter Althani.oukal Winkelmann "this means also look forward to new opportunities other than the current strategy" , without giving further Altvasil.oatdmn a net loss of $ 782 million in 2016 euros, an amount of 335 million euros, resulting from the decline in value and the costs of re - god The whole compared with a loss of 447 million euros recorded by the company in 2015.


Copenhagen
Maersk Line pay $ 4 billion to buy Hamburg Sud
confirmed the Maersk Line, the largest container shipping company in the world, on Friday, it will pay 3.7 billion euros ($ 4.02 billion) in exchange for its acquisition German rival smaller Hamburg Sud.oukalt Maersk Line, in the statement of the details of the agreement, which was announced in December, the two companies combined Staatmkna savings achieved annual operating between about 350 and 400 million Dolar.ouaq council Maersk Line management and Ootkir Group , owner of the Hamburg Sud , on Friday, on a proposed agreement Ever won the European Commission and the Ministry of Justice approval Alomrakih.oukal spokesman for Maersk, said the acquisition planned will require approval from regulators in countries such as Brazil, China and South Korea, adding that the company expects to obtain these approvals by January or early 2018, indicating that the merger will not begin until we receive all approvals. "will enhance the planned merger site Maersk Line Danish , especially in Latin America, where it has Hamburg Sud well - established for a long period of world trade, and expects the Maersk Line, the completion of the Hamburg Sud deal by the end of the year, and in the first quarter, suffered The Net loss of hip $ 293 million euros , compared with 182 million a year ago, and less than the market value of the company a little bit about 61 million euros.


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