ANNOUNCEMENT NO 10 – 2010 1 November 2010
Sale of two dry bulk newbuildings TORM has entered into an agreement to sell the two Kamsarmax dry bulk newbuildings TORM Karen and TORM Kate.
Both vessels are planned to be delivered to TORM in Q1 2011.
The newbuildings have been sold for a total consideration of USD 90 million with a total net loss of USD 16 million.
The newbuildings are expected to be delivered to the new owner in the first quarter of 2011, where the effect of the transaction will be recognised in the financial statements.
"We consider timing of the sale to be attractive given the large number of new vessel deliveries in the coming years.
Going forward we expect that the continued volatile dry bulk market will offer many interesting opportunities which we are ready to exploit," says CEO Jacob Meldgaard.
Following the sale of the vessels, TORM's owned fleet consists of 68 product tankers and two dry bulk vessels.
In addition, TORM has seven product tankers and two dry bulk vessels on order.
http://www.torm.com/wps/wcm/connect/public+content/Public/Press/Releases/
Sale of two dry bulk newbuildings TORM has entered into an agreement to sell the two Kamsarmax dry bulk newbuildings TORM Karen and TORM Kate.
Both vessels are planned to be delivered to TORM in Q1 2011.
The newbuildings have been sold for a total consideration of USD 90 million with a total net loss of USD 16 million.
The newbuildings are expected to be delivered to the new owner in the first quarter of 2011, where the effect of the transaction will be recognised in the financial statements.
"We consider timing of the sale to be attractive given the large number of new vessel deliveries in the coming years.
Going forward we expect that the continued volatile dry bulk market will offer many interesting opportunities which we are ready to exploit," says CEO Jacob Meldgaard.
Following the sale of the vessels, TORM's owned fleet consists of 68 product tankers and two dry bulk vessels.
In addition, TORM has seven product tankers and two dry bulk vessels on order.
http://www.torm.com/wps/wcm/connect/public+content/Public/Press/Releases/
3/11 2010 08:21 oneofakind 0
35596 Tydeligt at markedet tolker meddelelsen negativt! Men salget og udtalelser om at tørlast markedet vil opleve skærpet konkurrence i årene fremover står vel også med en lidt "mystisk aura" omkring sig i forhold til hvad konkurrenterne mener!
Har fedtet lidt videre med linealer og gaffatape.. og er nået frem til at vi pt. kan ende op med at teste 36.. som jeg anser for en solid bund, forudsat Torm ikke har dårlige overraskelser til markedet.
Mao.. jeg venter på entry!
mvh.
Har fedtet lidt videre med linealer og gaffatape.. og er nået frem til at vi pt. kan ende op med at teste 36.. som jeg anser for en solid bund, forudsat Torm ikke har dårlige overraskelser til markedet.
Mao.. jeg venter på entry!
mvh.
