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)%

 

 

 

Earnings / (loss) per share (US$)

(0.075)

(0.031)

Operating cash flow

(11 308)

55 667

Gross capital expenditure (CapEx)

(148 102)

(151 198)

 

 

 

 

As at
31 December 2017

As at
31 December 2016

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

 

 

 

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.

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