Belships ASA - Report 3rd quarter 2019
(WorldNews Norway)

CONTINUED PROFITABILITY AND GROWTH HIGHLIGHTS Operating income of USD 31.7 million (Q3 2018: USD 27.1m) EBITDA of USD 8.1m (Q3 2018: USD 6.4m) Net result of USD 0.3m (Q3 2018: USD 4.4m) impacted by one-off costs Net TCE (Time charter equivalent) per ship of USD 11,118 per day versus net BSI index of USD 11,886 per day About 65% of ship days in Q4 have been booked at about USD 12,625 net per day Average cash breakeven per vessel about USD 9,000 per day for next 12 months Reported EBITDA includes operating expenses of USD 1.3m arising from the service element embedded in long-term time charter lease agreements classified as financial leases Increased 2020 bunkers hedge from 24,000mt to...