Shipping — Februar 2020
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Vi er nysgerrige på lige præcis denne dags fald. Der er faktisk slet ikke noget nyt på bedding som vi ikke vidste i sidste uge.
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Analytikernes udmeldinger i eftermiddag er fra den samme suppe af efterrationaliseringer.
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Var det bunden: https://www.proinvestor.com/debat/81425#81427
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Faldet i spotarkedet er ca 2500 usd ned fra 80000 usd. Der er jo her og nu prisen, og vel ok at den falder lidt pga corona virus. TCE raterne er over 50000 usd pr dg. Det må siges at være en del over gennemsnit årstiden taget i betragtning. Umiddelbart tænker jeg at faldet skyldes nogle der dækker deres risiko ind.
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BPs finansdirektør, Brian Gilvary, vurderede tirsdag i forbindelse med fremlæggelsen af regnskabet for 2019, at Kinas olieforbrug er faldet med en million tønder pr. dag. Derfor er der også tekniske sonderinger blandt de olieproducerende lande i OPEC+ om, hvorvidt produktionen skal begrænses tilsvarende for at tvinge olieprisen op igen. Både oliepris og norske kroner vil komme til at afhænge af udfaldet af de drøftelser og naturligvis af tegn på, om krisen vokser eller er ved at blive inddæmmet.
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Ikke det store rebound her til morgen i LPG.
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Oslo (TDN Direkt): Fearnley Securities nedgraderer LPG-shippingaksjer til hold fra kjøp. De nåværende urolighetene i råvaremarkedene gjør at meglerhuset ser nedsiderisiko på kort sikt.
Det fremgår av en oppdatering onsdag.Meglerhuset viser til at det seneste fallet i oljeprisen har lagt et alvorlig press på asiatiske LPG-priser, som igjen har trimmet produktdifferensialer betydelig, og forårsaket strammere marginer på Vesten-Østen-ruten på nåværende rater.
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"Kombinert med kortsiktige usikkerheter rundt kinesisk etterspørsel og den amerikanske NGL-produksjonen, gjør at vi setter oss på sidelinjen for nå og nedgraderer VLGC-navnene til hold under uendrete estimater og kursmål", heter det.
Oversikt over Fearnley Securities' anbefalinger og kursmål:
Aksje Anbefaling Kursmål Tidl. kursmål
Avance Gas Hold (kjøp) 50 50
BW LPG Hold (kjøp) 73 73
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Kurs 48 i Avance har været et stærkt gulv flere gange efterhånden.
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Dorian LPG: Fiscal 3Q Earnings Snapshot
02/05/2020 | 06:08am EST
STAMFORD, Conn. (AP) _ Dorian LPG Ltd. (LPG) on Wednesday reported fiscal third-quarter net income of $35.6 million, after reporting a loss in the same period a year earlier.
The Stamford, Connecticut-based company said it had profit of 66 cents per share. Earnings, adjusted for non-recurring gains, came to 63 cents per share. -
The liquified petroleum gas shipping company posted revenue of $85.4 million in the period.
Dorian LPG shares have fallen 16% since the beginning of the year. The stock has more than doubled in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LPG at https://www.zacks.com/ap/LPG -
Highlights for the Third Quarter Fiscal Year 2020
Revenues of $85.4 million and Time Charter Equivalent ("TCE")(1) rate for our fleet of $43,410 for the three months ended December 31, 2019, compared to revenues of $55.1 million and TCE rate for our fleet of $30,108 for the three months ended December 31, 2018.
Net income of $35.6 million, or $0.66 earnings per diluted share ("EPS"), and adjusted net income(1) of $34.2 million, or $0.63 adjusted earnings per diluted share ("adjusted EPS"),(1) f -
Completed the installation of exhaust gas cleaning systems (commonly referred to as "scrubbers") on the Constellation, Cresques) and the Copernicus(2)
Time chartered-in the 2020-built, hybrid scrubber-fitted Future Diamond(3) to our fleet with an expiration during the first calendar quarter of 2023.
Repurchased $8.6 million of shares of our common stock during the three months ended December 31, 2019 under the $50 million stock repurchase program our Board of Directors authorized on August 5, 20 -
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John C. Hadjipateras, Chairman, President and Chief Executive Officer of the Company, commented, "Rates are healthy and the VLGC orderbook has been stable. With a young, fuel-efficient fleet, more than half of which will be scrubber equipped in the coming months, IMO 2020 has strengthened our market position. Quarterly revenue has increased 55%, while adjusted EBITDA has more than doubled compared to the same period last year. Our Board's decision to increase the repurchase authorization reflect
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our constructive view of the industry outlook and our disciplined approach to capital allocation where we see discounts to our intrinsic value."
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