Euronav (Page 11 sur 14)

De quoi habiller un peu le bilan 2016.

ANTWERP, Belgium, 14 October 2016 – Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) announces today that it has agreed with Hyundai Heavy Industries (“HHI”) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017.   

Thanks to the excellent relationship that the Company enjoys with HHI, these vessels, previously expected to be delivered between October and November 2016, will now be delivered in January 2017. Pursuant to these deferred deliveries, the amount of approximately USD 97 million that was previously expected to be paid to the shipyard during the fourth quarter of 2016 is now expected to be paid in the first quarter of 2017.

Hugo De Stoop, CFO, said: “Euronav is pleased to have come to this agreement with HHI. It is, in fact, hard to understand why anyone would think of taking delivery of a ship in the last two to three months of the year given the importance that the vintage year has on the value of any ship. It makes sense for any ship owner to do this, and would assist in smoothing out the world order book going forward. Euronav is pleased to capture two vessels with a 2017 vintage and further rejuvenate our wider VLCC fleet with two high specification vessels and, as they are resales, it is done without increasing the size of the world fleet.”

Dernière modification par Manu75 (14-10-2016 08:15:05)

Les prix de location des tankers au plus haut comme l'explique cet article de Bloomberg
http://www.bloomberg.com/news/articles/ … -opec-deal

Dernière modification par PVBE (20-10-2016 10:28:59)

Voici ce qu'on en disait sur Bolero ajd.

Monday, before market, Euronav will release its 3Q16 results. A conference
call with management is scheduled the same day at 14:30 CET.
During the quarter, spot VLCC earnings fluctuated between $ 15-25k/day,
averaging at just under $ 20k/day. Spot Suezmax earnings plunged from levels
over $ 20k/day early July to under $ 5k/day mid-August, recovering to levels
around $ 35k/day end of September to average at slightly over $ 20k/day for
the quarter.
At publication of preliminary 1H16 results end of July, Euronav disclosed that
approximately 50% of its spot VLCC revenue days for the quarter were covered
at $ 31,800/day while about 39% of its spot Suezmax revenue days were
covered at $ 20,900/day. In our scenario, we have assumed Euronav to have
earned on average $ 26,000/day and $ 17,500/day on its VLCC and Suezmax
fleet operated spot.
Based upon the above assumptions, we expect Euronav to report EBITDA
applying IFRS 11 of $ 53.7m or $ 62.4m incl. share in the result of JVs (new
EBITDA definition) of $ 8.7m. The loss from operations and net loss for the
quarter are seen at $ 4.8m and $ 5.7m.
Last week, average VLCC earnings remained steady closing at $ 44,131/day
on Friday while average Suezmax earnings were up 12% w/w at $ 24,232/day.
Asset values have weakened significantly but seem to bottom out. The second
hand value of a 5-year-old VLCC has declined from about $ 80m at the end of
2015 to about $ 61m currently. The second hand value of a similar vintage
Suezmax tanker is down from $ 60m to $ 43m.
In recent months, Euronav has acquired two VLCC newbuildings for $ 84.5m
each with delivery postponed to early 2017 while it ordered two Ice Class
Suezmaxes with delivery early 2018. We see room for Euronav to purchase
another two VLCCs on the sale and purchase market without the need to raise
equity or impact its dividend paying capacity.
Conclusion:
Short-term disruptive factors negatively affecting ton mile demand in
combination with significant deliveries (net fleet growth for the world VLCC and
Suezmax fleet in 9M16 amounted to 5.3% and 3.9%) on top of seasonal
weakness clearly impacted Q3. The shares are currently trading at a small
discount to NAV, estimated at € 7.83 per share. As heading into the winter
months, trading environment for the shares is expected to pick up. Outlook for
2017 looks challenging but focus might shift by mid-year towards the shrinking
order book.

ca c'est du yoyo!

Euronav rachète partenaire de coentreprise pour le contrôle total de VLCC VK Eddie

ANVERS, Belgique, le 2 Novembre 2016 - Euronav NV ( NYSE: EURN & Euronext: EURN ) ( "Euronav" ou la "Société") annonce aujourd'hui qu'elle a convenu d'acheter les 50% de la coentreprise qu'il ne détient pas dans le VLCC VK Eddie (2005 - 305.261 tpl). Euronav achètera le navire de la coentreprise à un prix de 39 millions de dollars et recevra un remboursement de 50% du produit. Notre partenaire de coentreprise, Oak Maritime (Canada) Inc., a accepté pour la livraison du navire Daewoo construit à notre plein contrôle à la mi-Novembre.

Hugo De Stoop, CFO, a déclaré: "Ceci est une étape logique pour les deux parties. Il permet Euronav de simplifier davantage notre structure financière et opérationnelle. En outre, il réitère notre avis positif sur les perspectives à moyen terme pour le secteur pétrolier en augmentant activement notre capacité à ce que, selon nous, sont les prix des actifs attractifs ".

Bdti à 828 vendredi 18/11/2016.
conjugé à l'effet Dollar, >> tout va bien, pourvu que cela dure.

et puis à partir du 1 er janvier, on pourra peut être vendre une partie,  (celles achetées à bon compte dernièrement) sans taxe ????