Utile netto di 28,4 milioni di dollari per la OMI Corporation nel primo trimestre

OMI Corporation, la compagnia statunitense che opera una flotta di 24 navi tanker, ha ribaltato i risultati finanziari negativi del primo trimestre 2000, che mostravano un passivo netto di 9,9 miliardi di dollari, ottenendo nei primi tre mesi di quest'anno un utile netto di 28,4 milioni di dollari. Il fatturato è pressochè raddoppiato passando dai 30,8 milioni di dollari del primo trimestre 2000 a 60 milioni di dollari.

«Ci attendevamo un primo trimestre brillante - ha commentato il presidente della compagnia, Craig H. Stevenson, Jr. - e le nostre aspettative si sono concretizzate. Crediamo che il forte mercato cisterniero del quarto trimestre del 2000, che è continuato con brevi interruzioni nel primo trimestre del 2001, sia supportato da una consistente domanda e possa proseguire, con interruzioni stagionali o altre di breve termine, per un certo numero di anni».

La flotta della OMI è formata da sette Suezmaxe, tre Panamax, tredici handysize e handymax, e da una ultra large crude carrier (ULCC). Una product carrier handysize sarà venduta e consegnata ai nuovi proprietari nel prossimo giugno. OMI ha in costruzione due Suezmax e due handymax, che saranno consegnate nel 2002, ed una handymax che sarà consegnata nel 2003. OMI Corporation
Results of operations for the
three months ended March 31
(Source: OMI Corporation)

RESULTS OF OPERATIONS	For the three months ended March 31,
(In thousands except per share data) (Unaudited)	2001	2000
Operating revenues (TCE revenues)	$ 53,442	$ 25,656
Operating expenses (includes charter hire expenses)	11,492	12,346
Net voyage revenues	41,950	13,310
Depreciation and amortization	7,072	3,556
General and administrative expenses	2,708	2,706
(Gain) loss on disposal/write down of assets-net ⁽¹⁾	(1,440)	12,619
Operating income (loss)	$ 33,610	$ (5,571)

Loss on disposal/write down of investments ⁽²⁾	-	(536)
Net interest expense	(5,717)	(5,170)
Other-net	280	1,448
Equity (loss) in operations of joint ventures	205	(141)
Net income (loss)	$ 28,378	$ (9,970)
Basic earnings (loss) per share:	$ 0.46	$ (0.21)
Diluted earnings (loss) per share:	$ 0.45	$ (0.21)
Weighted average shares outstanding-basic	62,182	48,124
Adjusted EBITDA ⁽³⁾	$ 39,242	$10,604

The following tables reflect
OMI's principal operating activities:

BREAKDOWN BY FLEET	For the three months ended March 31,
In thousands, except daily TCE's & number of vessels/days (Unaudited)	2001	2000
CRUDE FLEET:
Suezmaxes:
TCE Revenue	$ 26,420	$ 11,995
Operating Expenses	2,904	1,692
Charter Hire Expense	2,663	4,599
Net Voyage Revenue	$ 20,853	$ 5,704
Depreciation	3,021	1,555
Operating Income	$ 17,832	$ 4,149
Average Daily TCE-(Spot)	$ 38,357	$ 22,734
Number of vessels owned ^{(1), (3)}	6	3
Number of vessels chartered-in ⁽²⁾	1	3
Number of operating days	692	540

ULCC:
TCE Revenue	$ 3,531	$ -
Operating Expenses	488	-
Charter Hire Expense	-	-
Net Voyage Revenue	$ 3,043	-
Depreciation	316	-
Operating Income	$ 2,727	$ -
Average Daily TCE	$ 39,233	$ -
Number of vessels owned ⁽⁴⁾	1	-
Number of operating days	90	-

Panamaxes:
TCE Revenue	$ 7,738	$ 3,758
Operating Expense	1,496	1,493
Charter Hire Expense	-	-
Net Voyage Revenue	$ 6,242	$ 2,265
Depreciation	808	-
Operating Income	$ 5,434	$ 2,265
Average Daily TCE	$ 28,659	$ 13,919
Number of vessels owned	3	3
Number of operating days	270	270

Aframax (sold in 2000):
TCE Revenue	$ -	$ 878
Operating Expenses	-	368
Charter Hire Expense	-	-
Net Voyage Revenue	-	$ 510
Depreciation	-	-
Operating Income	$ -	$ 510
Number of vessels owned (5)	-	-
Number of operating days	-	81
Total Crude Fleet Operating Income	$ 25,993	$ 6,924

Note: Number of operating days does not include waiting days.

During January 2001, a Suezmax newbuilding was delivered.

In January and March 2001, OMI redelivered two chartered in vessels.

During April and May 2000, two newly built Suezmax vessels were delivered and started their first voyage charters in the second quarter.

On June 30, 2000, OMI acquired a ULCC from its joint venture partner.

In March 2000 an aframax vessel was delivered to new owners.