^
+ Follow SHIPPING AND TRANSPORT CORP Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 375894
                    [Title] => PNOC-EC declares cash dividend
                    [Summary] => 



PNOC-Exploration Corp., a unit of state-owned Philippine National Oil Co., has declared cash dividends to shareholders amounting to P100 million payable on Jan. 29 next year.


Shareholders of record as of Jan. 3, 2007 are entitled to receive five centavos each share, coming from the company’s 2006 unrestricted retained earnings.

About 99.78 percent of PNOC-EC is owned by its parent firm PNOC. The remaining 0.22 percent is held by public stockholders.
[DatePublished] => 2006-12-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 341001 [Title] => PNOC mulls IPO to privatize shipping unit [Summary] => State-owned Philippine National Oil Co. (PNOC) is looking into the possibility of undertaking an initial public offering (IPO) of its subsidiary, PNOC Shipping and Transport Corp. (PSTC).

PNOC president Eduardo Manalac said an IPO is one of the options being considered in privatizing the shipping company’s shares. Another privatization scheme being eyed for PSTC is the direct sale of assets, particularly its tankers.

Manalac said they may also consider allowing a joint venture partner to buy into the shipping company.
[DatePublished] => 2006-06-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 260444 [Title] => PNOC shipping arm defers sale of vessels till after 2006 [Summary] => PNOC-Shipping and Transport Corp. (PSTC), the shipping arm of the state-run Philippine National Oil Co. (PNOC), has put off plans to sell its vessels until after 2006.

PNOC president Thelmo Cunanan said based on their assessment, the market is not that good thus the sale of PSTC’s assets would probably fail to fetch a good price.
[DatePublished] => 2004-08-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 155329 [Title] => PNOC-Shipping in joint venture talks with four foreign firms [Summary] => At least four big foreign shipping firms are negotiating with PNOC-Shipping and Transport Corp. (PSTC), the shipping arm of the Philippine National Oil Co., for a possible joint venture.

PSTC president Cesar Tapia said aside from these four international shipping companies, there are three other local shipping groups that have expressed interest in buying into the company.

One of the four foreign shipping companies is based in London while another is managed by a Greek shipping group. One is based in Japan while the fourth is based in Hong Kong.
[DatePublished] => 2002-03-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 148615 [Title] => PNOC Shipping bucks move to close it down [Summary] => The government-owned PNOC Shipping and Transport Corp. (PSTC) yesterday denounced efforts of private shipping groups to close down its operations.

PSTC president Gen. Cesar F. Tapia (Ret.) said private local oil transport and shipping groups have launched a campaign to force government to close down the state-owned shipping firm which today has been turned around and contributes millions to the national coffers.
[DatePublished] => 2002-01-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 145471 [Title] => PNOC shipping unit eyes sister firms as customers [Summary] => The PNOC-Shipping and Transport Corp. (PSTC), a subsidiary of state-owned Philippine National Oil Co. (PNOC), is planning to forge an agreement with its sister companies early next year for a possible importation arrangement.

PSTC president Cesar Tapia said they are currently discussing the terms of the planned agreement with the other subsidiaries of PNOC such as the PNOC-Petrochemical Development Corp. (PNOC-EDC) and the PNOC-Energy Development Corp. (PNOC-EDC).
[DatePublished] => 2001-12-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 139942 [Title] => PNOC to streamline operations [Summary] => State-owned Philippine National Oil Co. (PNOC) will rationalize its operations to avoid duplication of functions among its subsidiaries.

"We are currently working out the rationalization of our subsidiaries so that they would be able to concentrate on one function," PNOC president and chief executive officer Thelmo Y. Cunanan said.

Cunanan said this move will allow PNOC to identify which areas need to improve. "If we have focus, then we could easily find where our strengths and weaknesses are," he said.
[DatePublished] => 2001-11-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
SHIPPING AND TRANSPORT CORP
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 375894
                    [Title] => PNOC-EC declares cash dividend
                    [Summary] => 



PNOC-Exploration Corp., a unit of state-owned Philippine National Oil Co., has declared cash dividends to shareholders amounting to P100 million payable on Jan. 29 next year.


Shareholders of record as of Jan. 3, 2007 are entitled to receive five centavos each share, coming from the company’s 2006 unrestricted retained earnings.

About 99.78 percent of PNOC-EC is owned by its parent firm PNOC. The remaining 0.22 percent is held by public stockholders.
[DatePublished] => 2006-12-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 341001 [Title] => PNOC mulls IPO to privatize shipping unit [Summary] => State-owned Philippine National Oil Co. (PNOC) is looking into the possibility of undertaking an initial public offering (IPO) of its subsidiary, PNOC Shipping and Transport Corp. (PSTC).

PNOC president Eduardo Manalac said an IPO is one of the options being considered in privatizing the shipping company’s shares. Another privatization scheme being eyed for PSTC is the direct sale of assets, particularly its tankers.

Manalac said they may also consider allowing a joint venture partner to buy into the shipping company.
[DatePublished] => 2006-06-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 260444 [Title] => PNOC shipping arm defers sale of vessels till after 2006 [Summary] => PNOC-Shipping and Transport Corp. (PSTC), the shipping arm of the state-run Philippine National Oil Co. (PNOC), has put off plans to sell its vessels until after 2006.

PNOC president Thelmo Cunanan said based on their assessment, the market is not that good thus the sale of PSTC’s assets would probably fail to fetch a good price.
[DatePublished] => 2004-08-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 155329 [Title] => PNOC-Shipping in joint venture talks with four foreign firms [Summary] => At least four big foreign shipping firms are negotiating with PNOC-Shipping and Transport Corp. (PSTC), the shipping arm of the Philippine National Oil Co., for a possible joint venture.

PSTC president Cesar Tapia said aside from these four international shipping companies, there are three other local shipping groups that have expressed interest in buying into the company.

One of the four foreign shipping companies is based in London while another is managed by a Greek shipping group. One is based in Japan while the fourth is based in Hong Kong.
[DatePublished] => 2002-03-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 148615 [Title] => PNOC Shipping bucks move to close it down [Summary] => The government-owned PNOC Shipping and Transport Corp. (PSTC) yesterday denounced efforts of private shipping groups to close down its operations.

PSTC president Gen. Cesar F. Tapia (Ret.) said private local oil transport and shipping groups have launched a campaign to force government to close down the state-owned shipping firm which today has been turned around and contributes millions to the national coffers.
[DatePublished] => 2002-01-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 145471 [Title] => PNOC shipping unit eyes sister firms as customers [Summary] => The PNOC-Shipping and Transport Corp. (PSTC), a subsidiary of state-owned Philippine National Oil Co. (PNOC), is planning to forge an agreement with its sister companies early next year for a possible importation arrangement.

PSTC president Cesar Tapia said they are currently discussing the terms of the planned agreement with the other subsidiaries of PNOC such as the PNOC-Petrochemical Development Corp. (PNOC-EDC) and the PNOC-Energy Development Corp. (PNOC-EDC).
[DatePublished] => 2001-12-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 139942 [Title] => PNOC to streamline operations [Summary] => State-owned Philippine National Oil Co. (PNOC) will rationalize its operations to avoid duplication of functions among its subsidiaries.

"We are currently working out the rationalization of our subsidiaries so that they would be able to concentrate on one function," PNOC president and chief executive officer Thelmo Y. Cunanan said.

Cunanan said this move will allow PNOC to identify which areas need to improve. "If we have focus, then we could easily find where our strengths and weaknesses are," he said.
[DatePublished] => 2001-11-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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