Torm A/S - dänischer Tankerbetreiber - 500 Beiträge pro Seite

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...ist mir zufällig heute wieder über den Weg gelaufen, nachdem ich vor ein paar Jahren über einen reverse-split rausgeflogen war;

alter Thread: TORM A/S - dänischer Tankerbetreiber


watchlist

[R-BgO]

war an "Oaktree" hängen geblieben:

http://shippingwatch.com/carriers/Tanker/article7962909.ece#…


BY OLE ANDERSEN
Published 25.08.15 at 15:38

The new primary stakeholder in Torm, US-based equity fund Oaktree Capital Management, at an Extraordinary General Assembly on Tuesday appointed its chosen chairman along with two additional board members on the carrier's board of directors. The tanker carrier is now starting over with new owners and a new capital base following seven years plagued by financial difficulties, as departing chairman Flemming Ipsen noted in his final remarks as chairman of Torm.

On the other hand, it was a man of few words - Oaktree representative and new chairman of Torm, Christopher Helmut Boehringer - who briefly thanked the departing board of directors for its efforts in the protracted, difficult and complicated process of restructuring the carrier - a process that gives Oaktree control of Torm with a 62 percent stake. US-based DW Partner holds a six percent stake in Torm, while the remaining stakeholders all own less than five percent.

...

A complete overview of Oaktree's shipping investments is not available, but the fund is commonly considered one of the biggest investors among private equity and hedge funds. Most recently, news media Alphabulk calculated Oaktree's shipping investments to around USD 3 billion.

In the tanker sector, Oaktree has invested in carriers Genmar, Navig8 and now Torm, while the fund's investments in dry bulk counts companies such as Eagle Bulk, Excel Maritime, Genco, Oceanbulk and Starbulk, and the list also includes German heavy lift carrier Beluga (Hansa Heavylift) and container shipping through German Rickmers.

Oaktree has also acquired shipping loans from Commerzbank and Lloyds Bank.

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Antwort auf Beitrag Nr.: 51.532.878 von R-BgO am 19.01.16 23:56:47

Zaubern können die aber auch nicht:

[R-BgO]

TORM plc market update

The following is a market update on TORM plc (Nasdaq Copenhagen: TRMD A and NASDAQ New York: TRMD) ("TORM" or the "Company").

In 2017, TORM exercised two options for the construction of two LR1 newbuildings for a total commitment of USD 74m and with expected delivery in 2019 through the first quarter of 2020. In connection with the two newbuildings, TORM has secured commitment from ABN AMRO for attractive vessel financing of up to USD 50m, subject to documentation.

As of 31 December 2017, TORM had available liquidity of USD 405m, consisting of USD 134m in cash and USD 271m in undrawn credit facilities excluding the ABN AMRO financing. For the full year of 2017, TORM expects an EBITDA in the range of USD 155m-160m and a profit before tax in the range of USD 0m-5m excluding any potential outcome of the annual impairment test.

As of 19 January 2018, TORM had covered 40% of the earning days in the first quarter of 2018 at an average TCE of USD/day 15,926.

During the fourth quarter of 2017, TORM's vessel values trended up. The total value of TORM's fleet increased by approximately 4% compared to 31 September 2017. As of 31 December 2017, the value of TORM's fleet including newbuildings was USD 1,579m based on broker valuations. Outstanding CAPEX relating to the order book amounted to USD 233m, excluding the two LR1 newbuildings.

A 2018 allocation of the Long-Term Incentive Program (LTIP) is expected to be granted to the Executive Director, members of TORM's Senior Management Team and certain key employees, subject to approval at the 2018 Annual General Meeting. The allocation is expected to be substantially in line with previous years.

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Antwort auf Beitrag Nr.: 57.179.555 von R-BgO am 04.03.18 00:36:45

big difference:

[R-BgO]

Antwort auf Beitrag Nr.: 59.018.641 von R-BgO am 22.10.18 11:21:39