Second Quarter Report 2014 Odfjell SE - Consolidated Highlights 2Q 2014 2Q results in line with expectations. Underlying operations slightly better than in 1Q. Chemical Tankers EBITDA of USD 24 million, compared with USD 17 million…
The clean petroleum products market remained stable at low levels, and bunker prices remained high throughout the quarter. Our regional trade weakened during the second quarter due to slow activity and plant outages, resulting in lower…
Fleet additions (last 12 months), continued DWT Built Tanks Transaction December 2013 RT Star 26,199 2011 Stainless Medium-term TC December 2013 Celsius Miami 19,991 2005 Stainless Medium-term TC November 2013 Celsius Manhattan 19 807…
Odfjell Terminals Rotterdams first half EBITDA came in negative USD 28.6 million, which was heavily impacted by one-off re-organisation charges of USD 11.8 million in the second quarter. The process to improve the cost base at Odfjell…
Key figures (USD mill.) 30.06.14 30.06.13 31.12.13 Cash and available-for-sale investments 130 235 94 Interest bearing debt 1,216 1,339 1,138 Net interest bearing debt 1,086 1,104 1,044 Available drawing facilities 0 0 0 Total equity 705…
We expect third quarter of 2014 to be in line with second quarter for our chemical tankers. With regard to terminals, we expect continued stable results and gradually also improving results at Odfjell Terminals (Rotterdam). Statement of…
ODFJE ELL GROU UP 1Q14 2Q14 2Q13 YTD YTD D FY2013 CONSOLIDAT C TED INCOME E STATEMEN NT 2014 2013 3 (U USD mill) Gross G revenue 266. 275 5. 256. 541. 513 3. 1 027. Voyage V expensees (130) (127 7) (115) (257) (236 6) (489)…
CONSOL LIDATED STA ATEMENT OF F FINANCIAL L POSITIO ON 1Q14 2Q14 2Q13 FY2013 (USD milll) Ships 1 233 1 271 1 267 1 246 Newbuildiing contracts 72 28 40 69 Other non-current assets 55 54 55 55 Investmennts in associatess and joint ventu…
Exchaange rate Available for OCI differeences Cash flow sale reserve Pension associates a Total Non- CONSOLIDATED STATE EMENT OF Paid in hedge remeasure- and joint Retained other controlling CHANNGES IN EQUITY equity reserves ment…
PROFITA ABILITY 1Q14 2Q14 2Q13 Y YTD14 YTD D13 Y2013 FY Earnings pper share (USD) - basic/diluted d (0.26) (0.29) (0.03) (0.55) (0.19) (1.35) Return on total assets 1) (2.6%) (5.8) 1.0% (2.7) 0.0% ((3.6%) Return on equity 1) (12.1%)…
1Q14 2Q14 2Q13 YTD14 YTD13 Y FY Y2013 CASH FL LOW FROM FINANCING F ACTIVITIES A New intereest bearing debt 18. 152 115. 170. 193. 388. Repaymennt of interest bearing debt (32) (27) (43) (60) (73) (309) Purchase oof treasury sharres…
Joint venttures arise whhere the investtors have rightts to the net asssets of the arrangement. Jooint ventures are a accountedd for under the equity meth hod. After evalluating IFRS 11 managemeent has conside dered that the Groups G…
Chemical Tankers 17. 24. 30 0. 40. 48. 98. LPG/Ethylene 0. 1. (1) 1. (1) (3) Tank Termminals (0) (10) 7. 7 (10) 16. 22. Total operrating result before b deprecia ation, amortisattion and capitaal gain (loss) on n non- current asssets…
(USD milll) 2Q14 2Q13 FY2013 New intereest bearing debtt 152. 115. 388. Payment oof interest bearinng debt (27) (43) (309) Note 4 Transactionss with related d parties In the norrmal course of the conduct of its businesss, the Group…
Note 7 Investments in associates and joint ven ntures The sharee of result andd balance sheeet items from iinvestments in n associates annd joint ventur ures are recogn nised based on equity method in the interim m financial…
Share of net result from asssociates and joinnt ventures 0. 1. General and administrative expenses (65) (125) Operating result r before depreciation, am mortisation an nd capital gain n (loss) on non-current assets (EBITDA) 32 117.…
Note 10 Held for salle Odfjell SEE announced 16 May 2014 that it has enttered into an agreement a witth affiliates off Breakwater Capital C and Oak H Hill Advisors (the Partners) to form a lliquefied petro oleum gas and d ethylene (L…
FLEET & TERMINAL OVERVIEW as per 13 August 2014 CHEMICAL TANKERS YEAR STAINLESS NUMBER OWNED: SHIP BUILT DWT CBM STEEL, CBM OF TANKS Bow Pioneer 2013 75 000 86 000 - 30 Bow Nangang 2013 9 156 10 523 10 523 14 Bow Dalian 2012 9 156 10…
Number of newbuildings: 2 99 244 LPG/ETHYLENE CARRIERS YARD DELIVERY CBM OWNER COMMENT Nantong Sinopacific Offshore & Engineering Co., Ltd 2015 17 000 Odfjell Gas 50/50 JV 2015 17 000 Odfjell Gas 2016 17 000 Odfjell Gas 2016 17…
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