CELSIUS MAYFAIR
Course/Position
Navigational status:
Moored
Course:
338.0° / 0.0
Heading:
15.0° / 0.0
Status:
moored
Location:
Rotterdam (2e Petroleumhaven)
Area:
Netherlands
Last seen:
2014-01-02
4693 days ago
4693 days ago
Source:
T-AIS
Latest ports
Latest Waypoints
Latest news
Eitzen loss doubles hit by charter termination
Eitzen Chemical today announced a loss of $24.4m in the second quarter, almost double last year's $12.8m loss for the same period. The operating figures are better than the loss suggests, revenues fell to $97.6m from $103.4m last year but EBITDA rose from $10.3m to $15.3m for the three month period and average time charter equivalent rates increased 16.3% from $10,247 per day for Q2 2012 to $11,921 in 2013. The significant increase in the quarter's loss stems from a $14.7m loss on the combination of the early termination of the Sichem Defender's time charter, and losses on two time charters which were renegotiated. Interest expenses also jumped $4.2m to $14.7m for the quarter due to the restructuring of loan agreements.
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