Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Pt Berlian Laju Tanker Tbk News

22 Apr 2013

FSL Trust Reports $23 Million 1QFY13 Revenue

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust, announced the financial results of FSL Trust for the quarter ended 31 March 2013. Revenue for 1QFY13 declined by 11.6% to $23.0 million (USD) compared to the corresponding quarter last year. In 1QFY13, all the trust’s vessels continued to generate revenue from their respective employments on bareboat charters and time charters as well as in the ‘Nordic Tankers 19,000 Stainless Steel Pool’ (Nordic Pool). On a bareboat charter/bareboat charter equivalent (BBCE) basis, revenue fell 4.0% to $19.9 million compared to 1QFY12. The rentals received from 20 vessels leased on long-term bareboat charters continued to support the overall earnings of FSL Trust.

29 Oct 2012

FSL Trust Improves Operational Profile

Deploys all redelivered vessels on longer term employment. FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or the “Trust”), has announced  the financial results of FSL Trust for the third quarter ended 30 September 2012 (“3QFY12”). In 3QFY12, FSL Trust successfully delivered its three chemical tankers into the ‘Nordic Siva’ pool as well as a second product tanker, FSL Hamburg, to Petròleo Brasileiro S.A. (“Petrobras”) for the commencement of her three-year time charter. Prior to their redeployment, these vessels were trading in the spot market where earnings were more volatile. Revenue declined 6.5% to US$26.7 million against the same period last year.

24 Apr 2012

FSL TRUST: Vessel Portfolio Positioned for Stability, Opportunity

(Source: FSL)

SINGAPORE – FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust, announced the financial results of FSL Trust for the quarter ended 31 March 2012. Revenue for 1QFY12 rose $2.2 million or 9.3% year-on-year to $26.1 million. The net increase in revenue was contributed by the full quarter lease revenue from the two vessels leased to TORM A/S which were acquired in June 2011, as well as higher freight income from the vessels trading in the spot market.

11 Feb 2012

First Ship Demands Return of Chem Tankers

FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust reportes that it has sent notices to its lessees, wholly-owned subsidiaries of PT Berlian Laju Tanker Tbk, to demand for the redelivery of its three chemical tankers, Pertiwi, Prita Dewi and Pujawati, in accordance with the terms of the lease agreements between the Lessees and FSL Trust. This is in addition to the demand for payment stated in the notice of default issued to the Lessees on 7 February 2012.

03 May 2010

ABS New Council and Committee Members

Melvyn J. Dennett, Admanthos Shipping Agency, Inc. Jim Bradford, General Manager – Operations, Gulf Offshore N.S. Dr. William J. Dr. David W. Costas M. Fostiropoulos, Chairman, Almi Tankers S.A. Dr. Ian J. Jim Miller, President & CEO, Aker Philadelphia Shipyard, Inc. Mrs. Leif Kristian Nielsen, Executive Vice President, A.P. Dimitrios Patrikios, General Manager, Springfield Shipping Co., S.A. Leonidas S. Polemis, Manager, Remi Maritime Corp. Gerard H. Capt. Yodchai Ratanachiwakorn, Operations Director, Thoresen & Co., (Bangkok) Ltd. I.S. Dalton Marcio Schmitt, Managing Director, Astromaritima Navegacao S.A. William Scott, Manager, Engineering & Technical Services, Tidewater Inc. Peter S. Josh M. Suhartoko, Senior Vice President – Shipping, PT.

20 Jan 2000

S&P: Credit Quality of SE Asian Owners Drops

Standard & Poor's said the credit quality of shipping companies across Southeast Asia has suffered in the last two years, with most companies in the "weak to vulnerable" range, compared with "fair to weak" previously. "Earnings vulnerability and aggressive capital structures, characterized by modest and volatile cash flows and high debt levels, have strained the ability of many companies to meet financial obligations in a timely manner," shipping analyst Ee-Lin Tan said. Tan said underpinning the deterioration were limited geographic diversity and exposure to regional trade flows, intense price-based competition led by lower cargo traffic in certain trade routes and excess capacity within several shipping segments.