@EURN, de markt kan vandaag de cijfers wel waarderen, benieuwd naar de reactie deze middag aan de overzijde van de plas.
Feb 4 (Reuters) - Euronav NV :
EURONAV ANNOUNCES FOURTH QUARTER 2020 RESULTS
Q4 NET LOSS -58.7 MILLION USD
Q4 LOSS PER SHARE 0.29 USD
SO FAR DURING Q1 OF 2021, EURONAV VLCC FLEET OPERATED IN TANKERS INTERNATIONAL POOL EARNED ABOUT USD 16,396 PER DAY, WHILST 46% OF AVAILABLE DAYS FOR Q1 HAVE ALREADY BEEN FIXED
EURONAV'S SUEZMAX FLEET TRADING ON SPOT MARKET HAS EARNED ABOUT USD 9,207 PER DAY ON AVERAGE WITH 54% OF AVAILABLE DAYS FOR Q1 ALREADY FIXED.
Q4 REVENUE $138.4 MILLION VERSUS $355.2 MILLION YEAR AGO
A STRONG AND POTENT MIXTURE OF COALESCING FACTORS HAVE KEPT FREIGHT RATES UNDER PRESSURE SINCE AUGUST AND ARE LIKELY TO PERSIST UNTIL AT LEAST SECOND HALF OF 2021
Q4 LOSS FOR THE PERIOD $58.7 MILLION VERSUS PROFIT OF $154.2 MILLION YEAR AGO
FREIGHT RATE PRESSURE TO REMAIN UNTIL CRUDE DEMAND RECOVERY WHICH IS TIED TO COVID19 VACCINE IMPLEMENTATION FROM Q2 ONWARDS
DEMAND IS THEREFORE AROUND 5-7 MILLION BPD BELOW NORMALIZED LEVELS BASED ON EIA DATA
SECONDLY, THERE HAS BEEN ADDITIONAL UNILATERAL EXPORT CUTS FROM OPEC+ MEMBERS WHICH HAS ADDED FURTHER PRESSURE TO THIS DYNAMIC
FIXED CASH DIVIDEND OF USD 3 CENTS PER SHARE IN LINE WITH DISTRIBUTION POLICY
THIRDLY, THERE CONTINUES TO BE AN OVERSUPPLY OF VESSELS FOR CURRENT LEVEL OF CARGOES AVAILABLE.
Q4 PROPORTIONATE EBITDA $49.8 MILLION VERSUS $267.5 MILLION YEAR AGO
EXTENSION TO CURRENT FSO CONTRACTS FOR FURTHER 10 YEARS TO 2032
Q4 VLCC AVERAGE SPOT RATE (IN TI POOL) $20,500 VERSUS $61,700 YEAR AGO
Q4 VLCC AVERAGE TIME CHARTER RATE $44,700 VERSUS $35,700 YEAR AGO
Q4 SUEZMAX AVERAGE SPOT RATE $12,300 VERSUS $41,800 YEAR AGO
Q4 SUEZMAX AVERAGE TIME CHARTER RATE $29,300 VERSUS $29,300 YEAR AGO
ORDERBOOK REMAINING CAPPED AT LOWEST LEVELS RECORDED IN LAST 20 YEARS
Een goed geleid bedrijf waar het management uitstekend in staat is om de kosten in de hand te houden en daarbij de aandeelhouder niet te vergeten, al zijn het maar 3 $ centen...
Wie weet kan @TOMTOM iets voor @EURONAV betekenen in haar plan om nog ‘zuiniger’ om te gaan met het brandstofverbruik aan boord..