AMSC - Ratene stiger


Fra Pareto i går:

Jones Act – Showing some January strength
* The Jones Act market is tightening up according to recent comments from OSG CEO Tim Norton at a conference in the US yesterday
* According to Norton, spot rates have increased from high-30s to mid-50s over the last four to five months
* The market has been troubled by vessel oversupply since the U.S opened up for crude exports, no longer limiting cargoes for domestic trades
* Although rates have been long depressed, a large part of the Jones Act fleet has surpassed 30 years of age and we estimate that approximately 25% of the vessels (out of a fleet of ~100) are scrapping candidates
* The explosion on the ATB Buster Bouchard in October underpins the need for scrapping old and ‘dangerous’ tonnage, which should help on the supply/demand
balance going forward
Joppen
20.06.2018 kl 22:24 9329

Nåværende kontrakter går ut i q4 2019 på 9 av skipene. Det siste har kontrakt til 2025.
erdnos
26.06.2018 kl 10:21 8953

Ser ut for at det er noen som ser utviklingen i USA med stadig mer stengt og skjermet innenlands marked.
Det kan bare bety en retning for AMSC.

Kraftig oppgang i OSG kursen siste dagen. AMSC bør kortsiktig løftes til 32,- og videre mot 40,- så snart overskuddsdeling igjen blir varslet
erdnos
28.06.2018 kl 11:18 8704

Trump ser ut til å snu om på kravene og tvitrer om mildere linje i utenriks politikken.
Arivle
17.07.2018 kl 21:32 8132

Denne er solgt kraftig ned.... vil faktisk gå inn nå og sier som min megler :
STERK KJØP!!!!!
Redigert 15.08.2018 kl 13:25 Du må logge inn for å svare
Arivle
20.07.2018 kl 23:59 238

Innlegget er slettet
skjegg
21.07.2018 kl 17:06 7768

stakkars mann. du må ha en seriøst alvorlig diagnose!
Arivle
30.08.2018 kl 10:27 5574

Kjøp amsc...teknisk meget bra nå...STERK KJØP
Arivle
30.08.2018 kl 16:14 5527

29,00 og det etter utbytte..meget bra ...30 neste
Arivle
04.09.2018 kl 10:06 5332

STIGENDE TREND....Kjøperside bygges opp nå..kjøp
Arivle
05.09.2018 kl 22:54 5248

Bør kjøpes nå
skjegg
06.09.2018 kl 18:25 5175

På tide å sjekke medisineringen din kanskje?
Joystick
18.09.2018 kl 08:46 4927

Positivt for AMSC?

Det amerikanske energidepartementets statistikkfløy, EIA, venter at skiferoljeproduksjonen i USA vil stige med 79.000 fat per dag til 7,594 millioner fat per dag i oktober 2018, fra måneden før,

https://www.hegnar.no/Nyheter/Energi/2018/09/EIA-venter-oekende-oljeproduksjon

Lite grand spiller nog över till AMSC även om det mesta går i pipelines!
kaliber
02.10.2018 kl 08:26 4625

Over 30 kr og bør stige videre med stigende oljepris og økt fracking aktivitet.Fin aksje å ha en stund framover!

Denne kan gå som en kule fremover, kanskje til gamle høyder ++ lurt å være inne nå.

Gg

Helt klart greit med et bet i denne nå. Husker min beste reise noensinne, fra kr 2,80 til rett i underkant 40 kr.
børst
04.10.2018 kl 18:06 4367

Dette er et vanvittig bra selskap, som er hysterisk underpriset.
Jeg har hatt 10% direkte avkastning i flere år her! Endelig har idotene også oppdaget den ekte måten å tjene penger på i et sunt, kapitalistisk system!
Redigert 04.10.2018 kl 18:06 Du må logge inn for å svare

Någon som vet hur mycket raterne gått upp?
Kursen har nosat på över 34,- idag.
Vilken utbytte förventes 15 nov? Kan det bli som förr kring 1,- nok/a?
Footsee
06.02.2019 kl 20:27 3283

Noen som har informasjon om utvikling i ratene?

Spennende å se om utbytte økes...ved q4
Storck
26.02.2019 kl 09:52 3009

Her er noe mer informasjon om forventinger til JA markedet fremover:
WTI for 2019
Published date: 26 December 2018

Share:
Rising US oil output from the Gulf coast and limited domestic pipeline capacity may absorb the abundance of US-flag shipping capacity delivered from shipyards in 2015-2017.

The appetite for Gulf coast crude among Atlantic coast refiners, especially near Philadelphia, will be the key determining factor in whether or not the recovery extends or recedes for the 93 tanker- and barge-strong Jones Act market.

"The market is getting better […] but it is fragile. It is dependent to a large extent on the Brent-WTI spread," an executive at Moran Shipping, a Jones Act barge operator, told Argus.

The Brent-WTI spread is a very strong indicator for upcoast crude flows on Jones Act tonnage, even though the spread does not take into account volatile pipeline costs for transporting US crude to the coast.

In January-June 2018, the Brent-WTI spread averaged $5.82/bl and an average of 93,000 b/d of US crude flowed to the US Atlantic coast, according to data from the US Energy Information Administration (EIA). For comparison, in the same period in 2017, the spread was $2.55/bl, and only an average of 16,000 b/d was transported along the route. For context, that difference in crude flows in those time periods is equivalent to seven more medium-range (MR) Jones Act tanker movements per month.

"There are a lot of ton-miles going into the Philadelphia trade; without it there is still slack [in the Jones Act market]," said the Moran executive.

Growing US production of light, sweet crude should put downward pressure on the WTI benchmark relative to Brent, and may keep the spread wide in 2019. Sam Norton, chief executive at major Jones Act operator Overseas Shipholding Group (OSG), said in November 2018 that he expects the arbitrage to ship US crude to US refineries by boat to be open "more often than not" through 2019. US oil production set a record of 11.5mn b/d in September this year, according to the EIA.

On the clean side, steady demand in pipeline-starved Florida will drive marine gasoline shipments from the Gulf coast, where refining output reached record highs this year. Demand on the longer-haul US Gulf coast-northeast route, another key clean Jones Act route, will be strong if the winter is long and cold because the region relies largely on distillate fuel for heating. Already, a combination of fuel inventory build-up in the region and a November snow storm has led to at least six Jones Act shipments, averaging 200,000 bl, on the route for November and December loading.

Jones Act spot rates have gradually risen since the troughs of 2016-2017 on the back of a combination of increasing demand and steady tanker and barge supply. In January-June of 2018, the average Corpus Christi-Delaware Bay, Pennsylvania crude tanker rate rose year-over-year by 31pc to $3.81/bl, and the average Houston-Port Everglades, Florida articulated tug barge (ATB) rate firmed by 35pc to $2.52/bl, according to Argus numbers. This firming trend could continue into the first half of 2019 as long as Gulf coast crude remains competitive among east coast refiners, and especially if a cold winter in the northeast boosts heating oil movements from the Gulf coast.

The Jones Act is a long-standing piece of US legislation that requires all shipments between US ports to be conducted on US-build, US-crewed, and US-flagged vessels.

Ratene er på vei opp. AMSC sin presentasjon i januar:
"Currently seeing strong momentum in rates. Navigistics forecasts continued improvement on the back of solid fundamentals"

https://live.amsc.eyego.no/wp-content/uploads/sites/2/2019/01/AMSC-Company-Presentation-SEB-Jan-2019-1.pdf


Spennende i morgen mht Q4.
God føring at de casher ut et lån umiddelbart ifht 4 avdrag, viser at de har bra med cash og tro på gode
rater framover.

Hvis dere går inn på AMSC sine nettsider, så ser dere at ny melding er lagt ut i dag 27.02 vedr utbytte. Sannsynligvis en test, men sier vel det meste om hva som blir utbyttet?

Ingen som vet. Men blir det overskuddsdeling blir det bonanza. 40kr??

Lysaker, 28 February 2019, American Shipping Company ASA (.AMSC. or the .Company.) announces results for fourth quarter ending 31 December 2018.

HIGHLIGHTS
Overseas Shipholding Group (.OSG.) exercised options to extend the bareboat charter agreements for all nine of AMSC.s vessels up for renewal
Stable Q4 bareboat revenue of USD 22.1 million and backlog of secured bareboat revenue of USD 302.7 million with average weighted tenor of 3.4 years
Normalized EBITDA for Q4 of USD 22.2 million
Adjusted net profit for Q4 of USD 2.9 million
Favorable WTI Houston vs Bonny Light/Brent spreads leading to strong U.S. Northeast crude trade
Increased level of time charter fixtures at rates in the 55,000 . 58,000 per day range for modern tankers
Towards the end of the quarter, all Jones Act tanker vessels were fixed on time charter contracts
Declared Q4 dividend of USD 0.08 per share, in line with previous guidance and backed by the Company.s contracted cash flow

AMSC CEO, Pål Magnussen comments, .We are pleased to see the entire Jones Act tanker fleet being fixed on time charters during the final quarter of 2018. The combination of an ageing Jones Act tanker fleet, the lack of yard availability for newbuilds as well as increased demand from the U.S. Northeast crude trade is likely to put additional upward pressure on time charter rates going forward. We believe the fleet is ideally positioned to capitalize on rising time charter rates as OSG has not committed to time charters on most of our ships beyond December 2019..

The full report is attached, along with the Q4 presentation.

Company contacts:

Pål Magnussen, Chief Executive Officer

Ikke så mange overaskelsene denne gangen heller, grei inntjening, stabile utbytter med mulighet for ytligere forbedringer i fremtiden grunnet strammere marked.

Noen grunn til at vi siger ned? Burde jo tikke opp nå som kortsiktig aker gjeld er betalt med phly oppgjøret og mulig overskudsdeling pga økende rater i tank maredet i usa.

Og utbytte er ventet i morgen 15.3, som blir til
nye aksjer i Amsc:)

OSG opp godt over 30% på få uker!
just4fun
18.03.2019 kl 18:31 2143

Eneste "nythet" jeg fant om OSG var et inside kjøp, ellers ikke noe spesielt som skulle tilsi den kraftige kursøkningen.

Oppkjøp av amsc hadde vært noe :)

Oljepris stigende og amsc faller? Dette skjønner jeg ikke, er det pga phly at noen små selger seg ut da?
Siden myrset håper at amsc skulle bestille 2 nye produkt tankere.
Normalt vil høyere oljepris øke trykket på mr tank ratene i jones act markedet.
Altså vi skal over 40kr...

Noen som vet hvorfor vi faller fra 36kr til 31kr nå? Olja opp??? Ulogisk dette