Shipping — Februar 2021
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The operating expense is expected to normalise and recover from 2021.
• A&G expenses were $701/day, down from $727/day in Q3. Full year 2020 A&G expenses were $771 and $1,083 /day for full year 2019.
• In January the Company entered into shipbuilding contracts for two 91,000 CBM, LPG Dual-Fuel VLGCs with Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea, for delivery Q4 2022 and Q1 2023. -
In January, the Company announced the appointment of Kristian Sørensen as the new Chief Executive Officer of Avance Gas AS. Sørensen currently holds the position as CEO of the Oslo based shipbroker Fearnleys and will be joining the Company in April 2021.
• The board declared a dividend of $0.11 per share for Q4 2020.
• For the first quarter of 2021, 70% of vessel days is contracted for approximately $48,000/day on a -
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"The outlook for 2021 remains positive but subject to change with the volatile freight markets. Fundamentally it remains a positive outlook with US exports expected to grow year on year and demand in the Far East to increase with China being the main driver specifically with the new PDH plants amounting to a 2 million metric tons additional volume. Through a more robust oil price, it is expected LPG will remain the preferred petrochemical feedstock, offsetting the possibility of demand decline d
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due to naphtha switching.
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Fremragende regnskab fra Avance. Hæfter mig ved: "or the first quarter of 2021, 70% of vessel days is contracted for approximately $48,000/day".
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Det er svært at være uenig. https://finansavisen.no/nyheter/shipping/2021/02/19/7628023/avance-gas-knaller-til
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Markedet er åbenbart uenig. Måske det skyldes størrelsen på udbyttet?
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Container rater stiger igen. https://en.sse.net.cn/indices/scfinew.jsp
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Det kan også være bekymringer omkring at Biden skruer ned for olie/gas produktion i USA. Dermed produceres der mindre LPG.
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Biden kommer ikke til at røre olien i Texas og Oklahoma, de iværksætter "nødretstiltag" og så kan den senil demente kransekagefigur godt glemme alt om ineffektive vindmøller, især efter de i Texas har frosset som aldrig før den sidste uges tid. Der går mange år før olieproduktionen vil falde da behovet vokser overalt på kloden, hvor man vil skabe middelklasser for nye mia. af mennesker der kommer til grundet fødselsraterne.
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Det er jeg enig i, men derfor kan markedet god være bekymret.
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godt
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Frontline: Tallene bedre end ventet: https://finansavisen.no/nyheter/shipping/2021/02/19/7629751/pareto-securities-frontline-tallene-var-bedre-enn-fryktet
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weekly-vessel-scrapping-report-2021-week-7 https://shipandbunker.com/news/features/risk-management/118662-weekly-vessel-scrapping-report-2021-week-7 En VLCC skrottet
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