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COLOMBO Mens Air Jordan Retro For Sale , July 29 (Xinhua) -- China Merchants Port Holdings and the Sri Lanka Ports Authority signed an agreement here on Saturday to develop the Hambantota Port in southern Sri Lanka.
Under the deal, the Chinese side will hold a 70 percent stake in two joint ventures to be launched to take charge of the commercial and administrative management operations of the port respectively.
After 10 years, the Sri Lankan side will gradually purchase an additional 20 percent stake, resulting in the two sides owning an equal share of 50 percent each, according to the agreement, which is valid for 99 years.
At the signing ceremony Mens Air Jordan Shoes For Sale , Sri Lanka's Minister of Ports and Shipping Mahinda Samarasinghe said, "This is a historic day for us today as Sri Lanka and China venture on a new journey to develop the Hambantota Port."
The Sri Lankan cabinet had on Tuesday approved the agreement, describing it as "a win-win situation for both countries."
Samarasinghe, at a media briefing on Tuesday, said, "We hope to strengthen the operations of the Hambantota Port which will be beneficial for Sri Lanka."
Hu Jianhua Mens Air Jordan For Sale , executive vice president of China Merchants Group, said the signing of the agreement is significant, expressing the hope that China and Sri Lanka can make continuous efforts to turn the port into an international shipping hub linking South Asia with Africa.
COPENHAGEN, May 11 (Xinhua) -- The Danish oil and shipping giant A.P. Moller-Maersk announced on Thursday that the group delivered revenue of 9 billion U.S. dollars for the first quarter of 2017, 5 percent up from the same period of last year.
The growth, the first time since the third quarter of 2014 Mens Jordan Retro For Sale , was due to revenue growth in Maersk Line and Maersk Oil, the group said in its quarterly financial report.
Revenue increased by 424 million dollars, with significant increases of 343 million dollars or 33 percent in Maersk Oil, and 519 million dollars or 10 percent in Maersk Line, according to the report.
However, the increase was partly countered by a decrease of 310 million dollars in Maersk Drilling and 62 million dollars in Maersk Supply Service Mens Jordan Shoes For Sale , Maersk said.
According to the report, Maersk registered a 13 percent rise in profit to 253 million dollars in the first three months, with a return on invested capital (ROIC) of 3.5 percent, which is in line with expectations.
The underlying profit of 201 million dollars was at the same level as last year, reflecting an increase of 321 million dollars in Maersk Oil due to higher oil price and lower operating expenses, offset by decreases in almost all other businesses.
"Whilst we can not be satisfied with the overall profitability in the first quarter Air Jordan Retro For Sale , the result is as expected and we reiterate our guidance for the year for the group," said Soren Skou, CEO of A.P. Moller-Maersk.
"We delivered year-on-year revenue growth for the first time since Q3 2014 in line with our ambitions to become a growth company again," Skou added.
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MOSCOW Air Jordan Shoes For Sale , Aug. 21 (Xinhua) -- Russia's top oil producer Rosneft, commodities trader Trafigura and United Capital Partners (UCP) investment firm have closed a deal to buy India's second-largest private refiner Essar Oil Limited (EOL), Rosneft and EOL said Monday.
A combined 98.26 percent stake in EOL has been acquired for 12.9 billion U.S. dollars, an EOL statement said.
Rosneft has bought a 49.13 percent stake, and the Trafigura-UCP consortium has acquired an equal stake. The remaining 1.74 percent stake will continue to be held by retail shareholders, it said.
The transaction included the sale of EOL's Vadinar oil refinery and retail assets for 10.9 billion dollars together with Vadinar port and related infrastructure assets for 2 billion dollars.
"The acquisition of the stake in the Vadinar refinery creates unique opportunities of synergies with existing Rosneft-owned assets and will help improve efficiency of supply to other countries within the region Air Jordan For Sale ," Rosneft CEO Igor Sechin said in a separate statement.
The agreement on the EOL purchase, representing Russia's largest ever foreign investment and single largest tranche of foreign direct investment in India, was reached in October 2016.
The Vadinar refinery, one of the world's largest, has a capacity to process 20 million tons of oil a year and owns a pan-India network of more than 3,500 retail outlets.
The Vadinar port has a capacity of 58 million tons with world-class dispatch and storage facilities.
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PARIS, Sept. 9 (Xinhua) -- Damages caused by hurricane Irma in France's overseas islands of Saint Martin and Saint Barthelemy were valued at 1.2 billion euros (1.44 billion U.S. dollars), a government body estimated on Saturday.
"The amount of insured damage arising from this event will rise to almost 1.2 billion euros. This .