Tagged in: Setlla

Navy arrests 16 Indian fishermen for poaching

This is the first arrest since Sri Lankan officials released all the Indian fishermen from its custody last month when they were produced before two separate courts in the northern part of the country. Several talks to resolve the Indo-Lanka fishing issue have resulted in a deadlock in the past with fishermen from both sides often being arrested by navy officials when they stray into each others waters violating the International Maritime Boundary Line. (Colombo Gazette) Sixteen Indian fishermen were arrested in the seas in the North today after they entered local waters illegally, a navy official said.Navy Spokesperson Commander Indika Silva said that three fishing boats had also been taken into custody and the fishermen had been handed over to officials from the Fisheries Department in Jaffna for onward action. Indian fishermen often stray into Sri Lankan waters to catch fish as the island nation has rich fishing resources. read more

Resolute Forest Products reports secondquarter loss sales down from year ago

MONTREAL – Resolute Forest Products Inc. (TSX:RFP) reported a loss of US$4 million in its latest quarter compared with a loss of $2 million a year ago.The forestry company, which keeps its books in U.S. dollars, said the loss amounted to four cents per share for the quarter ended June 30 compared with a loss of two cents per share a year ago.Excluding special items, Resolute said it earned a profit of $7 million or seven cents per share, down from $17 million or 18 cents per share in the same quarter last year.Sales slipped to $926 million compared with $1.09 billion a year ago.Resolute has some 40 pulp and paper mills as well as lumber and other wood product operations in the United States, Canada and South Korea as well as power generation assets in Canada. Resolute Forest Products reports second-quarter loss, sales down from year ago by The Canadian Press Posted Jul 30, 2015 8:38 am MDT Last Updated Jul 30, 2015 at 9:20 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more