Endelig. Langt om længe er der kommet gang i kursen på DESSC.
Spotmarkedet i Nordsøen strammer sig sammen – og raterne er atter på vej op.
Pt. ingen ledige AHTS’er:
http://www.fearnleyoffshoresupply.com/templates/SpotList/Report.aspx?id=30
DESSC er på 5 børsdag gået op med ca. 33%. Tilsyneladne er troen på genoptagelse af kvartals-udbytter på vej tilbage.
Endnu en ny båd leveres i juni måned.
Spotmarkedet i Nordsøen strammer sig sammen – og raterne er atter på vej op.
Pt. ingen ledige AHTS’er:
http://www.fearnleyoffshoresupply.com/templates/SpotList/Report.aspx?id=30
DESSC er på 5 børsdag gået op med ca. 33%. Tilsyneladne er troen på genoptagelse af kvartals-udbytter på vej tilbage.
Endnu en ny båd leveres i juni måned.
10/6 2009 14:21 fcras 0
13311 Westshore Shipsbrokers > http://www.westshore.no/
JGO Shipbrokers > http://www.jgoship.no/offshore/
Offshore.no > http://www.offshore.no/
Rigzone > http://www.rigzone.com/
------------------------------------
DESSC > http://deepseasupply.no/
12/6 2009 14:02 Grupo 013424 Kanon rate til Sea Lynx.
Marathon N. - R/M Deepsea Bergen - D/D - GBP 70.000.
Svarer til ca. USD 115.000.
I maj måned var DESSC’s snitrater på USD 30.200.
Marathon N. - R/M Deepsea Bergen - D/D - GBP 70.000.
Svarer til ca. USD 115.000.
I maj måned var DESSC’s snitrater på USD 30.200.
15/6 2009 19:03 Grupo 013547 Sea Lynx afsted i dag på ny opgave til samme gode rate GBP 70.000:
http://www.westshore.no/
Denne gang R/M for TOTAL.
En skam at Sea Bear pt. befinder sig på Malta og ikke i Aberdeen...
http://www.westshore.no/
Denne gang R/M for TOTAL.
En skam at Sea Bear pt. befinder sig på Malta og ikke i Aberdeen...
12/8 2009 08:49 Grupo 016628 2. kvartal 2009 regnskab fra DESSC:
The offshore supply company Deep Sea Supply delivered strong financials for 1H09. Its fleet of 21 AHTS vessels and PSVs generated revenues of USD 91.6 mill. or 7% higher than 1H08 (USD85.6 mill.). Revenues in the 2nd quarter of 09 were 10% higher than 2Q08.
Adjusting for an increased fleet, the vessels' operating expenses reduced by a significant 12% from 1H08 to 1H09. The operating expenses showed however an increasing trend in 2Q09, primarily due one offs such as upstoring of two vessels for operations in Sakhalin and repair & maintenance expenses related to a special survey.
EBITDA in 1H09 improved to USD 56.3 mill. compared to USD 52.4 mill. in the same period last year.
Net result was USD 29.2 mill. compared to USD 31.9 mill. same period last year. However last year contained large gains (USD 25 mill.) from sale of vessels.
The EBITDA margin improved marginally from 1H08 to 1H09 from 61.2% to 61.6%. However, the EBITDA margin fell somewhat in 2Q09 (59,8%) compared to 2Q08 (62,6%).
The Company's cash reserves have improved significantly from USD 33.8 mill. on 31/12-08 to USD 65.8 mill. by end of 1H09. Interest expenses are significantly (35%) reduced due to prepayment of a bond loan in 2H08 and reduced NOK and USD interest rate levels.
Improved value of financial derivatives and gain from increased stock price of the Company's 35 mill. shares in the public listed offshore supply company CH Offshore Ltd., Singapore contributed positively to the net result.
The revenues from PSVs are stable and the PSVs had no technical nor commercial offhire in 1H09. The AHTS revenues are more cyclical particularly due to volatile rates in the North Sea where the Company had three vessels in 1H09.
The Company acquired "Sea Eagle 1" in August on attractive terms and paid the vessel using its cash reserves. The Company has financing in place for its 7 newbuildings which are expected
to be delivered in 2009 and 2010.
No dividend distributions are suggested following 1H09. The market outlook is more uncertain and the Company's cash reserves are reduced following the early acquisition of "Sea Eagle 1".
According to his contract with the Company, Odd Brevik (64) will retire from his position as CEO on 31.03.2010. The Board has appointed Finn Amund Norbye (49) as new CEO from 01.04.2010. Mr. Norbye has been CFO of the Company since the start in 2005 and has an extensive background from shipping and shipping finance, internationally and in Norway.
The Board is grateful to mr.Brevik for his great contribution to Deep Sea Supply. He has been with the Company from the very beginning, and the Board is very pleased that he is willing to assist the Company also after he has retired.
Limassol, 12 August 2009
Deep Sea Supply Plc
http://hugin.info/136132/R/1334093/316543.pdf
The offshore supply company Deep Sea Supply delivered strong financials for 1H09. Its fleet of 21 AHTS vessels and PSVs generated revenues of USD 91.6 mill. or 7% higher than 1H08 (USD85.6 mill.). Revenues in the 2nd quarter of 09 were 10% higher than 2Q08.
Adjusting for an increased fleet, the vessels' operating expenses reduced by a significant 12% from 1H08 to 1H09. The operating expenses showed however an increasing trend in 2Q09, primarily due one offs such as upstoring of two vessels for operations in Sakhalin and repair & maintenance expenses related to a special survey.
EBITDA in 1H09 improved to USD 56.3 mill. compared to USD 52.4 mill. in the same period last year.
Net result was USD 29.2 mill. compared to USD 31.9 mill. same period last year. However last year contained large gains (USD 25 mill.) from sale of vessels.
The EBITDA margin improved marginally from 1H08 to 1H09 from 61.2% to 61.6%. However, the EBITDA margin fell somewhat in 2Q09 (59,8%) compared to 2Q08 (62,6%).
The Company's cash reserves have improved significantly from USD 33.8 mill. on 31/12-08 to USD 65.8 mill. by end of 1H09. Interest expenses are significantly (35%) reduced due to prepayment of a bond loan in 2H08 and reduced NOK and USD interest rate levels.
Improved value of financial derivatives and gain from increased stock price of the Company's 35 mill. shares in the public listed offshore supply company CH Offshore Ltd., Singapore contributed positively to the net result.
The revenues from PSVs are stable and the PSVs had no technical nor commercial offhire in 1H09. The AHTS revenues are more cyclical particularly due to volatile rates in the North Sea where the Company had three vessels in 1H09.
The Company acquired "Sea Eagle 1" in August on attractive terms and paid the vessel using its cash reserves. The Company has financing in place for its 7 newbuildings which are expected
to be delivered in 2009 and 2010.
No dividend distributions are suggested following 1H09. The market outlook is more uncertain and the Company's cash reserves are reduced following the early acquisition of "Sea Eagle 1".
According to his contract with the Company, Odd Brevik (64) will retire from his position as CEO on 31.03.2010. The Board has appointed Finn Amund Norbye (49) as new CEO from 01.04.2010. Mr. Norbye has been CFO of the Company since the start in 2005 and has an extensive background from shipping and shipping finance, internationally and in Norway.
The Board is grateful to mr.Brevik for his great contribution to Deep Sea Supply. He has been with the Company from the very beginning, and the Board is very pleased that he is willing to assist the Company also after he has retired.
Limassol, 12 August 2009
Deep Sea Supply Plc
http://hugin.info/136132/R/1334093/316543.pdf
