Highlights
• Eitzen Chemical reported EBITDA of USD 11.9 million for the 1st quarter of 2012, compared to USD 5.7 million in the 4th quarter of 2011.
• The average time-charter rate for the Company's fleet increased by 10.0 % from the previous quarter.
• Eitzen Chemical commenced a process to evaluate various options to ensure longer term financial strength and liquidity in January 2012. Various alternatives are under evaluation, including alternatives for a restructuring of the balance sheet. The Company is in discussions and has a constructive dialogue with its lenders.
• Eitzen Chemical expects a continued challenging chemical tanker market in the short term and consequently a weaker spot market in the 2nd quarter. Moderate improvements are expected in the second half of 2012.
- more here:
http://hugin.info/137124/R/1614121/514143.pdf
http://www.eitzen-chemical.com/
• Eitzen Chemical reported EBITDA of USD 11.9 million for the 1st quarter of 2012, compared to USD 5.7 million in the 4th quarter of 2011.
• The average time-charter rate for the Company's fleet increased by 10.0 % from the previous quarter.
• Eitzen Chemical commenced a process to evaluate various options to ensure longer term financial strength and liquidity in January 2012. Various alternatives are under evaluation, including alternatives for a restructuring of the balance sheet. The Company is in discussions and has a constructive dialogue with its lenders.
• Eitzen Chemical expects a continued challenging chemical tanker market in the short term and consequently a weaker spot market in the 2nd quarter. Moderate improvements are expected in the second half of 2012.
- more here:
http://hugin.info/137124/R/1614121/514143.pdf
http://www.eitzen-chemical.com/
28/5 2012 12:17 johnny57 0
57478 Har læst referatet men syntes ikke man bliver klogere, ingen tvivl om de er presset, en aktie kurs på 5 øre kan en going koncern vel ikke leve med. Men det kan hurtigt gå opad hvis de kan lande en aftale om videre finansering, der står ikke noget om emmision, men den lurer efter evt RS. Jeg holder og ser hvad der sker.
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