Tsakos - tank generelt
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Fra Euronav der har købt en VLCC mere - bemærk kommentar om markedet pt.
ANTWERP, Belgium, 6 March 2020 - Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") announces it has entered into an agreement for the acquisition through resale of one VLCC newbuilding contract.
Currently completing construction at the DSME shipyard in South Korea this modern eco-VLCC is being acquired for USD 93 million and will be fitted with Exhaust Gas Scrubber technology and Ballast Water Treatment System. The vessel is due for delivery early in the first quarter of 2021 and is an identical sister ship of the 3 VLCCs acquired last month.
Hugo de Stoop, CEO said: "Management and the board continue to believe that the fundamentals of the large tanker market remain constructive despite substantial headwinds surrounding economic activity linked to the Corona Virus. We believe and hope these will be temporary albeit likely to impact tanker markets until the end of the summer 2020."
Acquisition rationale and funding
This transaction is consistent with our core company objectives with the vessel being an ex-yard resale, thus not adding to existing vessel supply. Euronav will meet the financing of this acquisition with existing borrowing facilities and debt capacity. The payment profile for this transaction means that the largest portion of the instalments will be made on ship delivery. Balance sheet debt leverage will continue to remain appropriate in order to allow the Company to retain its strength and flexibility. -
Having revised our Oil Tanker shipping outlook with recent information as of early March, we see very few changes vs our earlier forecasts.
#OOTT $FRO $ADSCME $DHT $EURN $HAFNIA $TNK $OET $HUNT $NAT $STNG $INSW $TNP
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Frontline fra i dag
Frontline Ltd. (the "Company" or "Frontline") today announced that it has signed a sale-and-leaseback agreement in an amount up to $544 million (the "Lease Financing") with ICBC Financial Leasing Co., Ltd. ("ICBCL").
The Lease Financing has a tenor of seven years, carries a rate of LIBOR plus a margin of 230 bps, has an amortization profile of 17.8 years and includes purchase options for Frontline throughout the term with a purchase obligation at the end of the term.
The proceeds of the Lease Financing will be used to finance the cash amount payable upon closing of the acquisition of 10 Suezmax tankers built in 2019 under the sale and purchase agreement with a wholly-owned subsidiary of Trafigura Pte Ltd. targeted to take place March 16, 2020.
Inger M. Klemp, Chief Financial Officer of Frontline Management AS, commented:
"We are very pleased to have signed the Lease Financing with ICBCL, which marks an important transaction between ICBCL and Frontline. This transaction extends our capital sources at a very attractive capital cost, maintains our industry leading cash breakeven rates and maximizes potential cash flow per share after debt service."
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100% enig med ham
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Lang om længe har Tsakos fået solgt nogle skibe som der har værer talt længe om fra deres side:
TEN LTD ANNOUNCES SALE OF FIVE TANKERS, THREE SUEZMAXES AND TWO HANDYSIZE PRODUCT CARRIERS AND DATE OF FOURTH QUARTER AND YEAR END DECEMBER 31, 2019 FINANCIAL RESULTS, CONFERENCE CALL AND WEBCAST
Sale to add $47 million in free cash
$58 million in debt reductionATHENS, GREECE - March 6, 2020 - Tsakos Energy Navigation Limited ("TEN" or the "Company") (NYSE:TNP) today announced the sale of three suezmax crude carriers, as well as the agreement to sell two product carriers for a total price of $104 million. These sales, in aggregate, will add $47 million of free cash and will reduce associated debt by $58 million.
"Regardless of the short-term challenges the market is facing due to the coronavirus, longer-term market prospects remain positive. The above transactions enable the Company to proceed with its policy of maintaining a modern fleet through strategic sales of first-generation vessels," Mr. George Saroglou, COO of TEN commented. "With a strong balance sheet and growing cash reserves, a young fleet much in demand by high-end charterers and timely divestment of assets, TEN remains focused on healthy shareholders returns and responsible growth when opportunities arise," Mr. Saroglou concluded.
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Tanker report - Week 10
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Clean tanker rates up again...way above YTD average...way above seasonal averages,
https://twitter.com/calvinfroedge/status/1235978804268539906
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Yes det er rigtig godt for Scorpio Tankers som handles meget billigt samt de har bevist at de får en bedre rate end gennemsnittet.
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Jeg har kikke på de priser som de har fået for disse fem skibe og min klare vurdering er at det er rigtige gode priser de har fået hjem - min vurdering er at de skibe som er solgt er dem som er gns. 15 år gamle.
Suezmax er handlet over de sidste fem år fra 16 til 23,5 Mio usd
Handysize er handlet over de sidste fem år fra 9,0 til 13,5 Mio usdDer er solgt tre Suezmax og to af de andre til 104 Mio usd - I forhold til ovennævnte må vi sige det er godtkendt.
De får 47 mio usd fri - hvis de brugte dem på tilbagekøb i dag ville de kunne købe 1/4 af aktierne i rederiet..
Helt vildt!
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Clarkson's Platou weekly tanker report confirms the great rate environment.
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Det er den samme som NAT offentliggør hver fredag.
På trods af store fald i USA og på olien, hold tank sige oppe
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Tank: Der vil blive lagret meget olie på skibene i den kommende tid:
https://twitter.com/MilesTaylor47/status/1236424107387846657
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Prøv at lytte denne web-cast der er lagt op til priskrig - det er godt for tank af flere årsager efter min mening:
- Laver olie giver mere forbrug
- Det giver billiger brændstof for skibene
- Vi vil komme til at opleve "unormalitet" på hvilke rurer olien kommer fra.
- Spekulation i olie og dermed der er nogle som lejer tankskibe til oplag af olie.
- Virussen kan måske medføre ar nogle vil have fyldt mere på lager for at være sikker på at levere.
Min vurdering er at dette er godt for alle som forbruger store mængder olie og transporter det.
Kikker vi på raterne på tank tjenes der gode penge og de rederier som jeg følger er alle komme med gode opdateringer - disse er:
Tsakos
NAT
Euronav
Scorpio Tankers
International Seaways
Teekay Tankers
Alle er faldet ekstrem meget som intet har at gøre med fakta - b.la. Euronav tror jeg kommer med udbytte næste gang på omkring 1 usd - det er over 10% udbetaling ift kursen..Link:
Putin Dumps MBS to Start a War on Shale Oil Industry https://www.bloomberg.com/news/articles/2020-03-07/putin-dumps-mbs-to-start-a-war-on-america-s-shale-oil-industry -
Citat fra Børsen i dag:
Dette er en eksempel af denne "unormalitet" jeg vurdere vil opstå:
Efter nedbruddet i forhandlingerne har Saudi-Arabien med sit olieselskab Saudi Aramco ifølge Jan Bulov givet de Nordvest-europæiske kunder et klækkeligt tilbud om fra april at købe olie til markedsprisen minus en rabat på 10,25 dollar.
"Det er de største rabatter i 20 år. Det er en direkte konfrontation med Rusland, hvis storkunde netop er Nordvesteuropa," siger Jan Bulov.
Han er netop ved at simulere forskellige risikoscenarier for at kunne vurdere, hvad det vil betyde for olieprisens udvikling i fremtiden.
Læs den fulde artikel på www.Borsen.dk
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Olien er nede med 20% nu - Brent ligger på 35$ pr tønde, der bliver efterspørgsel på tankskibe på dette niveau
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Kan se tank falder i dag - det er jo reelt en fordel for tank det som sker nu - det er nok fordi, som sædvanlig at mange ikke kan gennemskue at noget sådan er en fordel for tank
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Vi er i plus nu - det bliver interessant at følge markedet de kommende dag og uger - tank bør tjene endnu flere penge nu.
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