Resultatrapportering for tankaksjer


DHT er førstemann ut. faller videre after hours etter resultat
https://ml-eu.globenewswire.com/Resource/Download/d98a1a31-08cf-4334-a5d1-47843763f1fe
Redigert 05.05.2020 kl 22:27 Du må logge inn for å svare
Volga
07.05.2020 kl 19:52 1696

Joakim Hannisdahl
@JHannisdahl
4m
Most significant #oil #tanker spot movements today:

#VLCC +10% to $55k/d: First positive delta since 21 Apr. Brokers are optimistic for the coming days
#LR2 -4% to $149k/d
#SR -15% to $20k/d

Aksjen er ned 45kr på 7 handels dager, kan det ligge noe oppside rissiko her?
Redigert 07.05.2020 kl 20:00 Du må logge inn for å svare
ziik
07.05.2020 kl 20:50 1508

Sorry, skjekket nå og 50 var siste oppdatering. Alltid lov å være skeptisk i disse dager :)
Flipper
08.05.2020 kl 00:23 1275

Implied VLCC TC for 6 mos. contango
6m Contango

Implied TC rate

$3 25,000
$4 37,000
$5 46,000
$6 57,000
$8 80,000
$10 100,000

Above is from today's EURN presentation

https://www.euronav.com/investors/company-news-reports/presentations/2020/presentation-first-quarter-results-2020/
Flipper
08.05.2020 kl 00:29 1257

Plukket opp på Forum i Statene

A little good news for the day.

From Tankers International, two fixtures today TCE $65,000 and $98,600.

I think there's a taste of reality creeping into the markets with the Fed pulling away the punch bowl. The 2-year bond is now yielding around 0 and soon going to be negative. Traders have been boosting broad market futures overnight only to see selling pressure most of the day. Saudi Arabia just hiked rates for their oil when a big cut was expected. Initially it sent oil up sharply but presently it is trading at the lows of the day (-3.3%).

I think the big move down in Tanker stocks has flushed out momentum traders and the sector is beginning to find footing for a push higher. I'm keeping my eye on WTI June futures open interest. It is still 237 million barrels (237,000 contracts). There's only 8 trading days to expiry May 19th and contango for WTI is still very high. Traders are going to need storage since Cushing is about full.

Twitter meldinger fra Tanker International på linken

https://www.investorvillage.com/smbd.asp?mb=4153&mn=11812&pt=msg&mid=20665444
Flipper
08.05.2020 kl 11:08 848

Innlegg i Uniten - Hess chartering vlcc's Argus:

"US independent Hess has chartered three very large crude carriers (VLCCs) to store 6mn bl of its Bakken crude as US land-based storage nears capacity, chief executive John Hess said today.

One of the tankers is the Zodiac Maritime-owned Blue Nova that the company fixed for nine to eleven months at $100,000/d, and another is the Andriaki-owned Leonidas that the company chartered for a year at $83,000/d, according to the Argus floating storage bookings database.

Hess said it expects to sell the 6mn bl of crude oil in the fourth quarter and has hedged the contango in the Brent forward curve for these volumes. The Blue Nova and Leonidas are empty and en route to the US Gulf coast, per vessel tracking data.

At least one other US crude oil producer has chartered VLCC tonnage to store its excess oil. Occidental booked the Sea Ruby VLCC for nine to twelve months at $90,000/d and the Maxim VLCC for one year at $85,000/d, according to the Argus data. Though the Hess- and Occidental-booked VLCCs are not storing US crude yet, some are. The Shell-chartered Eliza and Maran Corona, which loaded Mars crude at the Louisiana Offshore Oil Port (LOOP), have been idling laden in the US Gulf coast since their respective loading dates of 7 April and 23 April.

Hess said the three VLCCs will store its May, June, and July production.

Traders have fixed a total of at least 73 VLCCs, 47 Suezmaxes, and 26 Aframaxes since March on short-term time charters that would allow them to be used as storage, according to the Argus database.

By Nicholas Watt
Flipper
08.05.2020 kl 12:17 703

OT OT ( Off Topic )

Corona board :Re: Coronavirus found in semen !!!!

Re: Coronavirus found in semen, but unknown whether it can be sexually transmitted (by: Associated Press Posted: May 7, 2020 / 04:11 PM PDT / Updated: May 7, 2020 / 04:11 PM PDT)

Doctors detected the virus in semen from six of 38 men hospitalized with laboratory-confirmed COVID-19. Four were still very sick with the disease while two were recovering.

Excuse the prurient question.

What?

How do you extract semen from very sick people?

I know how you get it in normal circumstances but if I was sick and could hardly breath that would be the last thing on my mind. You would hardly want some doctor in full PPE giving you a hand.

I don't even see how there is a need for this knowledge. If someone is infectious but asymptomatic and they have sex does it really matter if they pass Covid 19 on to their partner through semen or close contact.

I thought this was a strange issue to investigate and the more I thought about it the more I found it strange. Am I missing something?

If they really needed this information couldn't they check semen at the post mortem. That's not the case here, 4 are still very ill.

LOL

Fra Pareto:
Euronav delivered well in Q1, they will deliver well in Q2, they are taking care of their
balance sheet while at the same time paying substantial dividends. While tanker
equities now are complicated, we do feel the need to highlight and showcase EURN
and DHT in particular. The two companies had accumulated losses of ~USD 110m and
~40m during the 2017/18 downturn. From Q4’19 through Q2’20 we expect them to
generate accumulated net profits of ~USD 640m and ~USD 285m respectively.
(Granted – EURN has the Gener8 fleet now that it did not have in 2017).
 With that type of near-term earnings, the stamina to sustain possibly 1-2 years of
downturn (where they both have secured TC-coverage at good levels) is strong
Flipper
08.05.2020 kl 12:47 587

Diamond S Shipping Inc. Reports First Quarter 2020 Results

05/08/2020

GREENWICH, Conn.--(BUSINESS WIRE)-- Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Company”), one of the largest publicly listed owners and operators of crude oil and product tankers, today announced results for the first quarter of 2020.

Highlights for the First Quarter and Recent Events

-- Net income attributable to Diamond S of $45.0 million, or $1.13 per basic share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $84.7 million.

-- Net debt at March 31, 2020 was $720.6 million implying a net debt to asset value leverage ratio of 43% based on broker valuations as of December 2019

-- As of May 7, 2020, fixed 63% of Crude Fleet revenue days at an average rate of approximately $41,800 per day and 60% of Product Fleet revenue days at an average rate of approximately $18,500 per day in the second quarter of 2020.

-- As of March 31, 2020, Diamond S repurchased 137,289 shares for a total of $1.4 million under the share repurchase program.

Craig H. Stevenson Jr., President and CEO of Diamond S, commented: “Diamond S would like to thank the dedicated seafarers aboard our 66 ships who have kept our Company moving in the face of the global pandemic.

These seafarers, many of whom have had their terms of service extended due to logistical difficulties, are absolutely critical to the global energy economy.

While the pandemic has created a difficult operational environment, the changes in the oil and petroleum products supply chain have led to a positive near term environment for tankers. This unprecedented volatility provides a reminder of both the benefits of unit leverage and spot market exposure. While Diamond S is positioned to generate substantial cash flow, as we are doing in today’s strong rate environment, our focus is on appropriately managing the volatility inherent in our markets by ensuring that our liquidity profile remains strong and that our cash break evens stay at highly competitive levels.

After the current inventory stocking cycle reverses and oil and petroleum products begin to come out of storage, operators that have maintained capital discipline and have low daily break evens will be best positioned to withstand the trough cycle rate environment. We believe these strategic priorities will create value for our shareholders over the long term.”

First Quarter 2020 Results1

Net income attributable to Diamond S for the first quarter of 2020 was $45.0 million, or $1.13 basic and $1.12 diluted earnings per share, compared to a net loss of $1.0 million, or $0.04 basic and diluted earnings per share, for the first quarter of 2019. The increase is primarily related to an increase in the number of vessels owned and operated by the Company as a result of the Merger1 and improved tanker market conditions in both the crude and product tanker segments.

The Company groups its business primarily by commodity transported and segments its fleet into a 16-vessel crude oil transportation fleet (the “Crude Fleet”) and a 50-vessel refined petroleum product transportation fleet (the “Product Fleet”). The Crude Fleet consists of 15 Suezmax vessels and one Aframax vessel. The Product Fleet consists of 44 medium range (“MR2”) vessels and 6 Handysize (“MR1”) vessels.

Net revenues for the Company, which represents voyage revenues less voyage expenses, were $135.0 million for the first quarter of 2020 compared to $61.1 million for the first quarter of 2019. Net revenues from the Crude Fleet were $62.3 million in the first quarter of 2020 compared to $21.0 million for the first quarter of 2019. Net revenues from the Crude Fleet increased due to the impact of four additional vessels acquired as part of the Merger1 and stronger market conditions in the first quarter of 2020 as compared to the first quarter of 2019. Net revenues from the Product Fleet were $72.7 million in the first quarter of 2020 compared to $40.1 million for the first quarter of 2019. The increase in net revenues in the Product Fleet was driven by the additional 21 vessels acquired in the Merger1 and improved market conditions.

Vessel expenses were $41.5 million for the first quarter of 2020 compared to $24.8 million for the first quarter of 2019. Vessel expenses, which include crew costs, insurance, repairs and maintenance, lubricants and spare parts, technical management fees and other miscellaneous expenses, increased by $16.7 million primarily due to the increase in the size of the fleet following the Merger1, net of the sale of the two MR2 vessels in the third quarter of 2019.

Depreciation and amortization expense was $28.8 million in the first quarter of 2020 compared to $22.0 million for the first quarter of 2019. The increase in depreciation and amortization expense was primarily due to the depreciation of the 25 vessels acquired in the Merger1, which was partially offset by the sale of two MR2 vessels in the third quarter of 2019.

General and administrative expenses were $8.1 million in the first quarter of 2020 compared to $6.3 million for the first quarter of 2019. The increase was due to higher legal and accounting professional fees related to regulatory filings and an increase in headcount required to maintain the infrastructure for public company reporting standards and vessel management of a larger fleet employed in the spot market.

Interest expense was $11.4 million in the first quarter of 2020 compared to $9.4 million for the first quarter of 2019. Interest expense increased in the first quarter of 2020 due to an increase in debt borrowings as a result of financing the 25 vessels acquired in the Merger1.

Other income, which consists primarily of interest income, was $0.3 million in the first quarter of 2020, compared to $0.5 million for the first quarter of 2019.

Fleet:
Diamond S Shipping Inc. (DSSI) provides seaborne transportation of crude oil, refined petroleum and other products in_the international shipping markets, operating a fleet of 66 vessels with an aggregate of approximately five million deadweight tons (“dwt”) in carry capacity. Our vessel operations are composed of two segments: Crude Tankers, which includes 15 Suezmax vessels and one Aframax vessel, and Product Tankers, which includes 50 medium range (“MR”) vessels.

DSSI is the product of the combination of DSS Holdings L.P.’s 43 vessels and the 25 vessels contributed by Capital Product Partners L.P. (CPLP), which was consummated in early 2019. Prior to the combination, privately-owned DSS Holdings L.P. owned and operated 43 vessels managed for nearly ten years. CPLP’s manager, Capital Ship Management (CSM), is also the manager of the 25 vessels contributed to DSSI by CPLP and has a deep-seated history in shipping. Shares of DSSI began trading on the New York Stock Exchange on March 28, 2019.