Discover and read the best of Twitter Threads about #shiptwit
Most recents (2)
🧵 Gulf Marine Services #GMS.L - A deleverage story in a rapidly improving offshore market
Below a short analysis made with @Magnus12316
#rigs #shiptwit #oil #oott #offshore
1/n
Below a short analysis made with @Magnus12316
#rigs #shiptwit #oil #oott #offshore
1/n
THE FLEET
#GMS.L has a fleet of 13 advanced self-propelled, self-elevating support vessels, mainly in the AG (and one vessel in the North Sea).
These are accommodation units for workers servicing offshore oil fields.
2/n
#GMS.L has a fleet of 13 advanced self-propelled, self-elevating support vessels, mainly in the AG (and one vessel in the North Sea).
These are accommodation units for workers servicing offshore oil fields.
2/n
Unless fields are "closed" permanently, they need to be serviced.
The dayrate is the basic income of the vessels, then there are add-ons (VSAT, catering, etc)
GMS has 6x K-Class (Small), 3x S-CLass (medium) and 4x E-CLass (large).
3/n
The dayrate is the basic income of the vessels, then there are add-ons (VSAT, catering, etc)
GMS has 6x K-Class (Small), 3x S-CLass (medium) and 4x E-CLass (large).
3/n
🧵🧵🧵 D'Amico International Shipping ( $DIS.MI) is a shipping company operating a fleet of 35 Product Tankers, ranging in size between Handysize and LR1s.
The average age of the fleet is 6.9 yrs vs an avg. age of 12 yrs for the global product tanker fleet.
The average age of the fleet is 6.9 yrs vs an avg. age of 12 yrs for the global product tanker fleet.
CAPEX: After a big fleet renewal program started in 2012 (investment of more than $900m) the company has no other CAPEX commitments other than regular maintenance (dry dockings/special surveys)
Employment Strategy: a mixture of TCs and Spot depending on where we are in the market cycle. Given the very good market fundamentals, the company has a strong spot exposure with 75% of remaining '22 days.
