Key Figures
Financial
US$ Thousand | 2017 | 2016 |
---|---|---|
Time charter equivalent (TCE) earnings | 257 437 | 261 386 |
EBITDA | 36 838 | 54 989 |
as % of margin on TCE | 14.31% | 21.04% |
EBIT | (11 428) | 10 134 |
as % of margin on TCE | (4.44)% | 3.88% |
Net profit / (loss) | (38 083) | (12 838) |
as % of margin on TCE | (14.79)% | (4.91)% |
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Earnings / (loss) per share (US$) | (0.075) | (0.031) |
Operating cash flow | (11 308) | 55 667 |
Gross capital expenditure (CapEx) | (148 102) | (151 198) |
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| As at | As at |
Total assets | 1 013 235 | 989 204 |
Net financial indebtedness | 510 285 | 527 793 |
Shareholders’ equity | 394 432 | 363 366 |
Other Operating Measures
2017 | 2016 | |
---|---|---|
Daily operating measures - TCE earnings per employment day (US$) 1 | 13 150 | 14 534 |
Fleet development - Total vessel equivalent | 54.7 | 50.1 |
- Owned | 30.3 | 27.7 |
- Chartered | 24.4 | 22.4 |
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Off-hire days/ available vessel days 2 (%) | 2.0% | 2.0% |
Fixed rate contract / available vessel days 3 (coverage %) | 33.0% | 45.9% |
1 This figure represents time charter (“TC”) equivalent earnings for vessels employed on the spot market and time charter contracts net of commissions. Please refer to the Alternative Performance Measures included further on in this report.
2 This figure is equal to the ratio of the total off-hire days, inclusive of dry-docks, and the total number of available vessel days.
3 Fixed rate contract days/available vessel days (coverage ratio): this figure represents how many vessel days were employed on time charter contracts, inclusive of off-hire days.