First Quarter Report 2014 Odfjell SE - Consolidated Highlights 1Q 2014 Time-charter results in line with last quarter. Chemical Tankers EBITDA of USD 17 million, compared with USD 19 million in the fourth quarter of 2013. A major…
Clean petroleum products saw a modest spike mid-quarter. Palm-oil rates from Asia were under constant pressure following numerous deliveries of newbuildings from Asian yards. Bunker prices were similar to the fourth quarter 2013, offering…
November 2013 Celsius Manhattan 19 807 2006 Stainless Medium-term TC November 2013 Bow Condor 16,121 2000 Stainless Purchase, J/V October 2013 Bow Eagle 24,700 1988 stainless Short-term TC August 2013 Southern Koala 21,290 2010 Stainless…
With the exception of OTR, terminal results were mainly in line with our expectations. In Singapore we saw higher revenues due to more additional services provided. The overall terminal group, excluding OTR, reports a gross occupancy of…
We are in a structured process of assessing various sources of finance for the order of four 17,000 cbm LGP/Ethylene vessels (with up to four options), and are also evaluating potential sources of financing to fund further growth of our…
of stronger chemical tanker markets. However, the substantial market slack through slow- steaming and ballasting or part loading needs to be recovered before we see any substantive tightening of the market. With new private equity…
ODFJE ELL GROU UP C CONSOLIDAT TED INCOME E STATEMEN T 1Q Q14 1Q133 FY2013 (U USD mill) G Gross revenue 266. 2 2566. 1 027. V Voyage expensees (1 130) (1211) (489) T Time-charter exppenses (52) (433) (164) O Operating…
CONSOL LIDATED STA ATEMENT OF F FINANCIAL L POSITIO ON 1Q14 1Q13 FY2013 (USD milll) Ships 1 233 1 192 1 246 Newbuildiing contracts 72 88 69 Other non-current assets 55 56 55 Investmennts in associatess and joint ventu ures 374 314 390…
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 1Q13 FY2013 Earnings pper share (USD) - basic/diluted d (0.26) (0.16) (1.35) Return on total assets 1) (2.6%) (0.7%) (3.6%) Return on equity 1) (12.1%) (5.5%) (12.8%) Return on capital employyed 1) (2.8%) (1.6%)…
1Q2014 1Q2013 FY2013 CASH FL LOW FROM FINANCING F ACTIVITIES A New intereest bearing debt 18. 78. 388. Repaymennt of interest bearing debt (32) (30) (309) Purchase oof treasury sharres -.. (42) (42) Net cash fflow from financing…
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 (6) (4) 3. LPG/Ethylene (1) (1) (6) Tank Term minals (8) (1) (72) Total operrating result (E EBIT) (15) (6) (75) Chemical Tankers 1 568 8 1 630. 1 625 LPG/Ethylene 81 1 59. 50 Tank Termminals 673 3 632. 685 Assets…
Note 5 Non-currentt assets (USD milll) 1Q14 1Q13 FY2013 Net carryinng amount begiinning 1 370. 1 345. 1 345. Investmennts in non-currennt assets 13. 20. 141. Sale of nonn-current assetss -.. (4) (28) Depreciation and impairm ment (23)…
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…
Proporrtional STATEMMENT OF FINA ANCIAL POSITION method m Change Eqquity method (USD milll) 31.12 2.2013 31.12.2013 Intangible assets 44 (44) - Ships 1 256 (1) 1 255 Newbuildiing contracts 69 (5) 64 Tank term minals 492 (492) -…
Note 9 Held for salee Odfjell aannounced 18 June 2013 that t the transaaction to exppand the jointt venture withh Lindsay Gooldberg to include ssubstantially all a of the Od dfjell's tank tterminals bussiness globally y had been…
FLEET & TERMINAL OVERVIEW as per 5 May 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 10 523…
Loading...
