Independent journal on economy and transport policy
23:05 GMT+2
This page has been automatically translated by Original news
In first trimester 2012 of Friend International Shipping it reduces the net loss to 1,5 million dollars
The company catches a glimpse perspectives of improvement of the operating context
April 27, 2012
In the first trimester of the 2012 shipowning society of Friend International Shipping (DIS) it has recorded a net loss of 1,5 million dollars respect to a net loss of 4,8 million dollars in the first three months last year. The company has explained that the liabilities of the first quarterly one of 2012 are consequence of the current weak person course of the field of the tankers; the increase of the rates ad in the course of the first trimester regarding the average of the precedence exercise - it has specified DIS - has carried to relatively satisfactory operating results confirming the solid market position of the society although the difficult scene in which work.
In the first three months of this year of Friend International Shipping it has totaled revenues Time base charter pairs to 44,5 million dollars (- 7.1%), an EBITDA of 5,8 million dollars (+3.4%) and a EBIT of sign negative for -3,2 million dollars regarding -3,1 million dollars in the first trimester of 2011.
With respect to the expectable evolution of the activity of the company, DIS has explained that "light changes in the transport of producing oil by sea have increased the relationship tonnage-miles. With the expectation of a been extended breakup of the oil produced ones, an improvement in the level is estimated of uses of the tankers. The tonnage offer is being reduced because of the delays in the delivery of the ships, of the cancellation of some contracts, the conversion of ships and the absence of meaningful orders for the future construction of new ships, carrying so to an erosion of the future rate clean increase of the offer. The vision longer term - it has found the company - is positive, with rates uses always good even if every substantial improvement from the side of the question appears at the still uncertain moment. There are perspective of improvement of the operating context also in the medium term, graces to an attended increment of the producing question of oil, although to a rate of growth still limited".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
In the first trimester of the 2012 shipowning society of Friend International Shipping (DIS) it has recorded a net loss of 1,5 million dollars respect to a net loss of 4,8 million dollars in the first three months last year. The company has explained that the liabilities of the first quarterly one of 2012 are consequence of the current weak person course of the field of the tankers; the increase of the rates ad in the course of the first trimester regarding the average of the precedence exercise - it has specified DIS - has carried to relatively satisfactory operating results confirming the solid market position of the society although the difficult scene in which work.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
