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ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+4)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Oliver Dunvold
  • Petter Haugen

Record-low fleet growth

Record-low fleet growth and winter is coming. ABGSC '25e EBITDA 22% above cons. TP of NOK 478 (457) – BUY.

ABGSC Shipping & Transport Research ... (+4)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Oliver Dunvold
  • Petter Haugen

Poised for a seasonal upswing

Record-low fleet growth and winter is coming. ABGSC '25e EBITDA of USD 658m (+39% vs. consensus). BUY, TP of USD 17 (16).

ABGSC Shipping & Transport Research ... (+4)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Oliver Dunvold
  • Petter Haugen

20% dividend yield and 26% discount to NAV

Record-low fleet growth and winter is coming. ABGSC 13% above cons. EBITDA for 2025e. TP of NOK 109 (111) – BUY reiterated.

 PRESS RELEASE

FRO – Changes to the Board composition

FRO – Changes to the Board composition Frontline plc (“Frontline” or the “Company”) announces that Mr. Marios Demetriades has resigned as Director of the Company. The Board would like to thank Mr. Demetriades for his considerable contribution to the Company during his directorship. September 4, 2024 The Board of DirectorsFrontline plcLimassol, Cyprus This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Jørgen Lian
  • Jørgen Lian

Frontline Minor model adjustments

We have updated our estimates owing to the Q2 report, Q3 guidance and our updated fuel curves. Accordingly, we have lowered our adj. EBITDA by 2% across our 2024–2026e. We believe the Q3 guidance reflects a seasonal slump and should not have come as a surprise to investors, given the recent freight market trends. We have not changed our view that improvements for Q4 are on the horizon and should be supported by the seasonally stronger year-end, while the underlying supply story remains favourabl...

 PRESS RELEASE

FRO – Q2 2024 Presentation

FRO – Q2 2024 Presentation Please find enclosed the presentation of Frontline plc´s second quarter 2024 results to be held on the webcast / conference call 30 August, 2024 at 15:00 CET. This information is subject to the disclosure requirements pursuant to section 5 – 12 of the Norwegian Securities Trading Act Attachment

 PRESS RELEASE

FRO – Second Quarter and Six Months 2024 Results

FRO – Second Quarter and Six Months 2024 Results    FRONTLINE PLC REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2024 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the six months ended June 30, 2024:    Highlights Profit of $187.6 million, or $0.84 per share for the second quarter of 2024.Adjusted profit of $138.2 million, or $0.62 per share for the second quarter of 2024.Declared a cash dividend of $0.62 per share for the second quarter of 2024.Reported revenues of $556.0 million for the second quarter of 2024.Achieved average d...

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Still going strong

Q3e up, long term reiterated. ABGSC 27% above cons. EBITDA for 2025e. TP of NOK 111 (107) – BUY reiterated.

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Slight beat on Q2 and solid Q3 guiding

EBITDA USD 317m (2% vs. ABGSC, 4% vs. cons.). 3% upside to cons. Q3'24 EBITDA. Share to trade up 1-3% vs. peers.

 PRESS RELEASE

FRO – Invitation to Q2 2024 Results Conference Call and Webcast

FRO – Invitation to Q2 2024 Results Conference Call and Webcast Frontline plc.’s preliminary second quarter 2024 results will be released on Friday August 30, 2024, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section at  ahead of the conference call. In order to attend the conference call you may do one of the following: a. WebcastGo to the Investor Relations section at  and follow the “Webcast” link, or access directly from the link below. b. Conferenc...

DHT Holdings Inc: 1 director

A director at DHT Holdings Inc sold 27,027 shares at 11.360USD and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...

 PRESS RELEASE

Okeanis Eco Tankers Corp. – Ex Dividend Date

Okeanis Eco Tankers Corp. – Ex Dividend Date ATHENS, Greece, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Reference is made to the key information relating to Q2 2024 dividend announced by Okeanis Eco Tankers Corp. ("OET" or the "Company") (NYSE: ECO / OSE: OET) on August 9, 2024. The Company's shares will be traded ex dividend USD 1.10 per common share on the Oslo Stock Exchange from today, August 20, 2024 and on the New York Stock Exchange from tomorrow, August 21, 2024. Contacts Company: Iraklis Sbarounis, CFO Tel: 0 Investor Relations / Media Contact: Nicolas Bornozis, Presid...

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen
Jørgen Lian
  • Jørgen Lian

DHT Holdings Minor model adjustments

We have revised our estimates owing to the Q2 report and our updated fuel spreads. After accounting for the Q3 guidance, we forecast Q3 EBITDA of ~USD63m, ~9% below consensus. Further, consensus’ Q4 figures imply an average TCE of ~USD70k/day, hence reflecting a marked improvement to current levels and possibly downward revisions if markets fail to accommodate expectations. However, we believe supportive fundamentals remain intact as we move towards the seasonally stronger year-end. We do not co...

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen
 PRESS RELEASE

DHT Holdings, Inc. Second Quarter 2024 Results

DHT Holdings, Inc. Second Quarter 2024 Results HAMILTON, BERMUDA, August 12, 2024 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced its results for the quarter ended June 30, 2024. The full report is available  and in the below attachment. About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experie...

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Q2 beat and solid guidance for Q3

EBIDTA of USD 64m (ABGSCe at 60m, cons at 60m). Guidance ~25% below cons Q3'24 EBITDA, but ~9% above ABGSC. Stock to trade up 0-2% vs. peers.

 PRESS RELEASE

Okeanis Eco Tankers Corp. – Key Information relating to Q2 2024 divide...

Okeanis Eco Tankers Corp. – Key Information relating to Q2 2024 dividend ATHENS, Greece, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET), announced today that the Company's board of directors (the “Board”) has declared a dividend on its common shares, which is classified as a return of capital for accounting purposes (the “Dividend”). Due to implementation of the Central Securities Depository Regulation (“CSDR”) in Norway, shareholders who hold shares registered in Euronext Securities Oslo, the central securities depository in N...

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