The bitumen tanker from NewLead Holdings Ltd (OTCMKTS:NEWLF) has amazing segment capabilities. Its 2015 performance and operational revenues reiterated those of NewLead’s bitumen tanker vessels of approximately $15.7 million. A total of 515,219 tons/3,177,087 barrels of bitumen produced by oil refineries around the globe were absorbed by some of the most demanding trade routes in the world. NewLead’s Chairman and Chief Executive Officer, Mr. Michael Zolotas says that they are elated with overall company’s performance.
NewLead controls a fleet of five highly specific bitumen tanker vessels which totals to 18,918 dwt with an average age of 7.2 years. Due to their heavy usage, they have scheduled repairs and maintenance which is one of the contributing factors to their long life. Some of the other parties that have contributed to the long life and incredible performance are international brokers, traders, oil refineries, and oil majors all which are a stable relationship with NewLead’s commercial department The diligent in-house operations and technical team have also played a primary role in making what NewLead’s vessel is today.
Let’s learn about NewLead and any possible plans
The company’s chartering policy has an extraordinary adaptability to market conditions which will bring on board a combination of long-term charter contracts, Contracts of Affreightment (CoAs) and spot charter. Its target is for 65% to 70% long-term time charter contracts and 30% to 35% for CoAs and spot charters respectively. NewLead’s focus is now on the creation of a platform that will continue supporting its expansion plans for purposes of gaining global presence. Hence, development of joint ventures with oil traders and refineries are of the essence at this juncture.
There is more anticipation in the company’s growth from being a bitumen marine transportation company to a more efficient bitumen storage, logistics and transportation platform. For the fact that it is an international vertically integrated shipping company, it feels obligated to support infrastructure growth throughout many countries
Is This The Testimony Of Progressive Care Inc (OTCMKTS:RXMD)’s Efforts Bearing Fruits?
Progressive Care Inc (OTCMKTS:RXMD) recently provided an update on how its sales performed in July 2016 compared to the same month last year. The point that the management of the company tried hard to drive home was that sales in the month exceeded internal expectations.
Progressive Care Inc (OTCMKTS:RXMD) reported July 2016 revenue of $1.5 million. The company further said that it filled more than 16,000 prescriptions in the month, thus surpassing its prescriptions target for the month.
Not only did prescriptions and sales in July 2016 exceed targets, but they also improved from the same month last year. Prescriptions filled increased 3.5% YoY and revenue from prescriptions filled advanced 43% YoY.
What is interesting is that Progressive Care Inc (OTCMKTS:RXMD) managed to outpace targets and surpass last year’s metrics despite this year’s July having two less days for billing compared to last year.
Progressive Care said that compounded medications remained a major sales driver in July, supported by strong demand for the company’s management services from healthcare facilities and providers.
The outcomes in July 2016 can be linked to Progressive Care Inc (OTCMKTS:RXMD)’s aggressive marketing campaigns in the recent months as it seeks to expand into more states.