Team Tankers International Ltd reported EBITDA for the second quarter of $21.7 million, compared to $16.5 million in the first quarter of 2020 (Q2′ 19: $11.8 million). Net loss in the second quarter of 2020 was $2.4 million, compared to an earnings of $1.4 million in the first quarter of 2020 (Q2 ’19 bottom line: $17.4 million). The typical time charter comparable price for the fleet was $14,667 daily this quarter, compared to $13,812 daily in the previous quarter.
Representation Image– Credits: teamtankers.com
Team’s Chief Executive Officer, Hans Feringa, commented “We executed the strategic commercial cooperation with Maersk Tankers and commenced the joint venture with V.Group for technical management, building commercial and operational scale for our tanker fleet. The two partnerships have improved trading performance, reduced costs and increase our flexibility for additional divestment and investment activity.”
Forward looking declarations
This might have positive declarations. These declarations are based upon different presumptions, a lot of which are based, subsequently, upon additional presumptions, consisting of Team Tankers International’s monitoring’s exam of historic operating fads.
Image Credits: teamtankers.com
Although Team Tankers International thinks that these presumptions were affordable when made, since presumptions are naturally based on substantial unpredictabilities and also backups, which are challenging or difficult to forecast and also are past its control, the Company can not offer guarantee that it will certainly accomplish or complete these assumptions, ideas or intents.
Important elements that, in the Company’s sight, might create real outcomes to vary materially from those reviewed in this record consist of the stamina of globe economic climates and also money, basic market problems consisting of changes in charter hire prices and also vessel worths, adjustments sought after in the chemical vessel market, adjustments in the Company’s general expenses consisting of shelter rates, dry-docking and also insurance policy prices, adjustments in governmental guidelines and also policies or activities taken by regulative authorities, possible obligation from pending or future lawsuits, basic residential and also worldwide political problems, possible disturbance of delivery paths as a result of crashes or political occasions, and also various other essential elements explained periodically in the records submitted by the Company.
Neither Team Tankers International neither any type of various other individual thinks obligation for the precision and also efficiency of the positive declarations.
Reference: teamtankers.com
