In according to trimester of Friend International Shipping it is incurred in a net loss of -16,6 million dollars



In according to trimester of this year company of Friend International Shipping (DIS) it has recorded a doubling of the net loss that is piled to -16,6 million dollars regarding -8,0 million dollars in the period April-june of 2017. The revenues are piled to 98,8 million dollars (+2.8%), of which 59,3 million dollars of revenues Time base charter (- 4.5%). The EBITDA has been of sign negative and pairs to -17 thousand dollars respect to a Gross Operating Margin of positive sign and pairs to 8,2 million dollars in according to trimester last year. Also the EBIT has been of sign negative and pairs to -9,7 million dollars respect to an operating profit of -1,2 million dollars in the exercise precedence.

DIS has closed the first semester of the 2018 with a net loss of -20,2 million dollars on revenues Time base charter of 125,6 million dollars respect to a net loss of -6,2 million dollars on revenues Time base charter of 128,7 million dollars in the first half last year. The EBITDA has been attested to 10,1 million dollars (- 59.2%) and the EBIT has been of sign negative and pairs to -8,8 million dollars respect to an operating profit of 6,1 million dollars in the first six months of 2017.

"The wait resumption of the market of the tankers - the managing director of DIS, Marco Fiori has commented - still has not been realized. of Friend International Shipping it has recorded a net loss pairs to 20,2 million dollars in the first half of 2018, because of a market of the hires extremely difficult above all in according to trimester. It is obviously a result of which we are not content but I would want to repeat this newly that I have already asserted more than once: I do not see some type of reason for which the market of the transport of producing refined does not have to be resumed in the medium term. The fundamental ones aim all back a resumption of the market, with an increasing world-wide question for producing oil refined and an increment clearly of the rather contained fleet for the next years. In the first six months of the year - it has found moreover Flowers - they have been little the new tidy ships and on the other hand the level of demolitions has quickly an acceleration. In the end of june, the hire "Time-charter" for a period of 1 year for a MR "echo" was of about 14,000 dollars/day (about 1,000 dollars in less for the ships "noneco"). The hire "Time-charter" for a period of a year always has been the best indicator than market in our industry and is today to advanced significance levels regarding the market ad, that he means that the field operators attend an improvement also of the hires ad in the course of the next year. I consider is by now single issue of some trimester before our market lathes on satisfactory levels. Meantime, we will continue to concentrate on the points key of our strategy, that they have returned DIS, in the decades, a success company also through various cycles of market. We will continue to guarantee an optimal service to our customers (that they include the greatest world-wide oil-majors and the greater international stock traders), on board to maintain the highest standards qualitative of our modern ships".