of Friend International Shipping it closes 2015 with a consisting rise of the results



In the 2015 society of navigation of Friend International Shipping (DIS) it has recorded a profit of 54,5 million dollars (clearly better turned out from the profit of 155,0 million the 2008) respect to a net loss of -10,6 million dollars in the exercise anniversary precedence. The revenues Time base charter have shown a fort increment of +46.2% attesting itself to 310,7 million dollars. The EBITDA is piled to 97,1 million dollars and the operating profit to 63,8 million dollars respect to an operating result of sign negative for -2,0 million dollars in 2014.

In the solo fourth trimester last year DIS has totaled a profit clearly of 9,7 million dollars on revenues Time base charter for 67,6 million dollars respect to a net loss of -5,4 million dollars on revenues Time base charter pairs to 65,1 million dollars in the period October-December of 2014. EBITDA and EBIT have turned out pairs respective to 22,3 million dollars (+78.2%) and 12,2 million dollars (+210.0%).

The managing director of Friend International Shipping, Marco Fiori, has explained that in 2015, "thanks to a market of the very favorable tankers, DIS has reached a every day rate ad pairs to 18.814 dollars correspondent to an increase year on year of 37%. The rates ad for the market of the tankers - it has specified - particularly are elevated in the first three trimesters of the year and in light decrease at the beginning of the fourth trimester mainly for effect of the maintenance carried out in the refineries in the American Gulf, that it has generated a temporary reduction of the volumes. The market ad has resumed at the beginning to grow in last part of the fourth trimester maintaining the trend aggressive trader also of 2016".

"I consider - it has continued Flowers - than our market is characterized by fundamental many bonds for the next years, graces in particular to the context of the low prices of the oil that an increment in the world-wide consumption of the by-product ones has determined and to strengthen the margins of refining deriving from such a scene. Our society moreover will continue to benefit of the continuous increase of the question of tonnage guided from the breakup of the refineries. In this context of positive market - it has remembered - DIS it has started timely an increase plan, ordering 22 new ships to historically low prices. Equally they are convinced that aforesaid the fundamental ones of the market with the increase and the success of our business strategy will afford to our society to continue to generate positive yields and to increase the value for the shareholders".