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Cash and Cash Equivalents
12 Months Ended
Dec. 31, 2017
Cash And Cash Equivalents [Abstract]  
Cash and Cash Equivalents

10.

CASH AND CASH EQUIVALENTS

 

 

 

As of December 31,

 

 

 

2017

 

 

2016

 

 

 

US$’000

 

 

US$’000

 

Cash on hand and cash at banks

 

 

46,093

 

 

 

48,231

 

 

Cash at banks earns interest at floating rates based on daily bank deposit rates. Cash equivalents include short-term deposits which are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Company, and earn interest at the respective short-term deposit rates. As of December 31, 2017 and 2016, the Company had no cash equivalents.