Premuda has concluded the first trimester of 2012 with a net loss of 1,9 million euros



In the first trimester of the 2012 shipowning society Italian Premuda it has recorded a net loss of 1,9 million euros respect to a net loss of 1,3 million euros in the correspondent period last year. and the operating profit is dropped of 19.3% to 1,3 million euros.

"The result of the first trimester, down regarding the correspondent period of the exercise precedence - Premuda has explained today - drift in wide measure from the negative course of the hires recorded in the section of cargos dries, with reduced values of percentages comprised between 35% and 40% about for the types of ship of our directed interest (handybulk and supramax). The market of cargos liquids instead has been placed on analogous values to first trimester 2011, with the single exception (in the sections of our interest) of refined the destined units aframax product tanker to the transport of producing (by possessed we for through of the connected Four Joker and employees in the within of the pool "Taurus", specialized for ships of such type) that they have realized inferior values of 38% approximately. The FPSO Four Rainbow, than shortly will finish own employment on the Woollybutt well - it has specified the Italian company - has closed the first trimester in light profit (had turned out in loss in the first trimester of the exercise precedence, for the effects - many times over illustrated in the past - derived from the passage of a cyclone in the production area)".

About the perspectives of the market, Premuda has found that "according to trimester 2012 it has seted off with hires in meaningful bending regarding the first trimester in the cisterniero section, while in the section bulk the month of April 2012 has recorded interesting recoveries of the profit (in the order of 20% is for the handy that for the supramax) regarding the first trimester of the year, also still remaining on not satisfactory levels in absolute value. It remains obviously much difficult - it has observed the company - to anticipate the future of markets so birds and influenced very many factors, not only economic. To the effects of the possible results of the fleet of the group, it must however be remembered that the market under investigation is applicable to 60% about of the total of the time/ship available to beginning exercise, while residual 40% about era covered from reasonably satisfactory charterings. The perspectives more long period appear heavily dependent evolving itself of the current negative economic conjuncture that is still conditioning the traffics of many great economic regions (Europe, the United States, Japan) and from the financial situation, with particular reference to the attitude of the bank system and to the relationship of change euro/dollar. The element however more incisor are constituted by the esubero of offer of tonnage regarding the transport question, because of the still heavy commissioning of new ships delivered from the yards".