Independent journal on economy and transport policy
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Leap forward of the economic results of Friend International Shipping
In the third trimester the revenues Time base charter are increased of +62.5%
November 11, 2015
of Friend International Shipping (DIS), company that work a fleet of 51 tankers and that has others 14 new units in order, has concluded the third trimester of the 2015 with a profit clearly of 14,7 million dollars regarding 238 thousand dollars in the correspondent period last year. The revenues Time base charter have grown of +62.5% to 85,0 million dollars. The operating result has been of positive sign for 21,8 million dollars respect to an operating result of sign negative for -3,4 million dollars in the third trimester of 2014.
"DIS - it has emphasized the managing director of Friend International Shipping, Marco Fiori - has today reached one of its best ones turned out quarterly". Flowers are sure that the perspectives of the market will offer ulterior possibilities of increase to the company: "the hires on the market of the tankers - he has explained - are in continuous gradual improvement and indicate very favorable perspectives for the year in course. They are extremely trusting on the perspectives of the market in the mean and long term, hauled from factors as the more and more important role of the United States which clean exporter of producing oil and to the meaningful increase of the ability to world-wide refining towards the Middle East and Asia, factors that will afford an ulterior increase of the question of tonnage-miles. We have already assured an important percentage of the future revenues of DIS through positive contracts of hire and the expansion of the fleet in order to take advantage of to the maximum the one which we consider is a market in decided increase. The last incomes - it has evidenced - carry the total fleet of DIS more than 50 active ships and place the society between the more important actors of the field".
In the first nine months of this year DIS January-september of 2014 has recorded a profit clearly of 44,8 million dollars on revenues Time base charter pairs to 243,1 million dollars respect to a net loss of -5,2 million dollars on revenues Time base charter for 147,4 million dollars in the period. The operating result has been positive for 51,6 million dollars respect to a result negative for -5,9 million dollars in the first nine months last year.
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of Friend International Shipping (DIS), company that work a fleet of 51 tankers and that has others 14 new units in order, has concluded the third trimester of the 2015 with a profit clearly of 14,7 million dollars regarding 238 thousand dollars in the correspondent period last year. The revenues Time base charter have grown of +62.5% to 85,0 million dollars. The operating result has been of positive sign for 21,8 million dollars respect to an operating result of sign negative for -3,4 million dollars in the third trimester of 2014.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
