Berlian LajuTank   

how to trading

should i hold or sell.... still puzzling about this counter...

 

Near noon, still no trading, buyer 0.95 n seller 0.10. Yesterday traded 997 lts.

Its 3Q net loss of 13.96m as compared to previous of net profit of 277.76m. Remains at 0.10 since 17 Nov 09.

Its revenue down fr lower chemical n oil transportation activities; higher depreciation n operating expenses impacted margins. A charge for changes in d fair value of bonds n notes payable pushing coy

into red. But coy claimed that they are well placed to manage their biz risks in current environment.

 

what's wrong with this counter? still can invest? anyone?

 

haiz, seem like its heading north............ when bb is in for a push up???

 

Lets Hope Zhuge liang will pump this baby up :) tomorrow 

 

Watch this baby next couple of days this baby might grab some attention from BB :) 0.14-0.15

 

Uniquely Indonesia, that is why must follow the unique way of grabing opportunity doing prospecting business in Indonesia too! Berlian Laju Tanker has played its role more or less as the above way! I suppose.

AK_Francis      ( Date: 12-Oct-2009 11:58) Posted: Meng, tks for d insight. Like that also can ah. ha ha. suka suka gov, will hv suka suka coy liao. Cheers. lawcheemeng      ( Date: 12-Oct-2009 11:53) Posted: inndonesian government ruling (cabotage law): It is mandatory to use Indonesian-flagged vessels for the shipping of chemicals, oil/gas and other liquids within Indonesian waters. Chemical tankers came under the rule from Jan this year while the oil & gas tankers will start from Jan 2010. The practical and major hurdle for foreign players is not just the flag but a shareholding cap for foreign companies. In addition, the entire ship crew has to be Indonesian. As a result of the IMO ruling, many non-double hull vessels will be available for sale at rock-bottom prices, which Berlian intends to buy at, according to Peter Chayson, the general manager of Berlian’s investor relations department. Berlian will then flag them and deploy them in Indonesian waters to meet the mandatory requirement on the use of Indonesian-flagged vessels. Foreign-flagged ships have until now captured a significant market share in Indonesia's maritime transportation services. Source: Bloomberg “The timing between the implementation of cabotage rule and the mandatory scrapping can’t be more perfect and this offers a significant arbitrage opportunity,” said Mr Chayson.   The key demand will come from Pertamina which currently uses over 70 foreign-flagged vessels out of its fleet of over 100 vessels. According to analyst reports, state-owned Pertamina spends over US$400 million a year to charter the 100 vessels. Mr Chayson said that 56 of these foreign-flagged ships would come off charter between now and 2010. “This will present a big opportunity for us, and we have a good chance of getting contracts from Pertamina,” he said in an interview with NextInsight last week. "Pertamina is looking for quality service as it is given a huge responsibility by the government to distribute all the much needed oil and gas products across the 17,000 islands in Indonesia on time.”Indo got 17000 island...as mention......enough for those ship to sail a long long time.....hehehehe.........that why BL expand to keep up with the coming contract from they GOV....stated must regsister in indo ...alll the crew must be indo...hehehehe....

 

most welcome......hehehe.........

AK_Francis      ( Date: 12-Oct-2009 11:58) Posted: Meng, tks for d insight. Like that also can ah. ha ha. suka suka gov, will hv suka suka coy liao. Cheers. lawcheemeng      ( Date: 12-Oct-2009 11:53) Posted: inndonesian government ruling (cabotage law): It is mandatory to use Indonesian-flagged vessels for the shipping of chemicals, oil/gas and other liquids within Indonesian waters. Chemical tankers came under the rule from Jan this year while the oil & gas tankers will start from Jan 2010. The practical and major hurdle for foreign players is not just the flag but a shareholding cap for foreign companies. In addition, the entire ship crew has to be Indonesian. As a result of the IMO ruling, many non-double hull vessels will be available for sale at rock-bottom prices, which Berlian intends to buy at, according to Peter Chayson, the general manager of Berlian’s investor relations department. Berlian will then flag them and deploy them in Indonesian waters to meet the mandatory requirement on the use of Indonesian-flagged vessels. Foreign-flagged ships have until now captured a significant market share in Indonesia's maritime transportation services. Source: Bloomberg “The timing between the implementation of cabotage rule and the mandatory scrapping can’t be more perfect and this offers a significant arbitrage opportunity,” said Mr Chayson.   The key demand will come from Pertamina which currently uses over 70 foreign-flagged vessels out of its fleet of over 100 vessels. According to analyst reports, state-owned Pertamina spends over US$400 million a year to charter the 100 vessels. Mr Chayson said that 56 of these foreign-flagged ships would come off charter between now and 2010. “This will present a big opportunity for us, and we have a good chance of getting contracts from Pertamina,” he said in an interview with NextInsight last week. "Pertamina is looking for quality service as it is given a huge responsibility by the government to distribute all the much needed oil and gas products across the 17,000 islands in Indonesia on time.”Indo got 17000 island...as mention......enough for those ship to sail a long long time.....hehehehe.........that why BL expand to keep up with the coming contract from they GOV....stated must regsister in indo ...alll the crew must be indo...hehehehe....

 

Meng, tks for d insight. Like that also can ah. ha ha. suka suka gov, will hv suka suka coy liao. Cheers.

lawcheemeng      ( Date: 12-Oct-2009 11:53) Posted: inndonesian government ruling (cabotage law): It is mandatory to use Indonesian-flagged vessels for the shipping of chemicals, oil/gas and other liquids within Indonesian waters. Chemical tankers came under the rule from Jan this year while the oil & gas tankers will start from Jan 2010. The practical and major hurdle for foreign players is not just the flag but a shareholding cap for foreign companies. In addition, the entire ship crew has to be Indonesian. As a result of the IMO ruling, many non-double hull vessels will be available for sale at rock-bottom prices, which Berlian intends to buy at, according to Peter Chayson, the general manager of Berlian’s investor relations department. Berlian will then flag them and deploy them in Indonesian waters to meet the mandatory requirement on the use of Indonesian-flagged vessels. Foreign-flagged ships have until now captured a significant market share in Indonesia's maritime transportation services. Source: Bloomberg “The timing between the implementation of cabotage rule and the mandatory scrapping can’t be more perfect and this offers a significant arbitrage opportunity,” said Mr Chayson.   The key demand will come from Pertamina which currently uses over 70 foreign-flagged vessels out of its fleet of over 100 vessels. According to analyst reports, state-owned Pertamina spends over US$400 million a year to charter the 100 vessels. Mr Chayson said that 56 of these foreign-flagged ships would come off charter between now and 2010. “This will present a big opportunity for us, and we have a good chance of getting contracts from Pertamina,” he said in an interview with NextInsight last week. "Pertamina is looking for quality service as it is given a huge responsibility by the government to distribute all the much needed oil and gas products across the 17,000 islands in Indonesia on time.”Indo got 17000 island...as mention......enough for those ship to sail a long long time.....hehehehe.........that why BL expand to keep up with the coming contract from they GOV....stated must regsister in indo ...alll the crew must be indo...hehehehe....

 

inndonesian government ruling (cabotage law): It is mandatory to use Indonesian-flagged vessels for the shipping of chemicals, oil/gas and other liquids within Indonesian waters. Chemical tankers came under the rule from Jan this year while the oil & gas tankers will start from Jan 2010.

The practical and major hurdle for foreign players is not just the flag but a shareholding cap for foreign companies. In addition, the entire ship crew has to be Indonesian.

As a result of the IMO ruling, many non-double hull vessels will be available for sale at rock-bottom prices, which Berlian intends to buy at, according to Peter Chayson, the general manager of Berlian’s investor relations department.

Berlian will then flag them and deploy them in Indonesian waters to meet the mandatory requirement on the use of Indonesian-flagged vessels. Foreign-flagged ships have until now captured a significant market share in Indonesia's maritime transportation services.

Source: Bloomberg

“The timing between the implementation of cabotage rule and the mandatory scrapping can’t be more perfect and this offers a significant arbitrage opportunity,” said Mr Chayson.
 
The key demand will come from Pertamina which currently uses over 70 foreign-flagged vessels out of its fleet of over 100 vessels. According to analyst reports, state-owned Pertamina spends over US$400 million a year to charter the 100 vessels.

Mr Chayson said that 56 of these foreign-flagged ships would come off charter between now and 2010. “This will present a big opportunity for us, and we have a good chance of getting contracts from Pertamina,” he said in an interview with NextInsight last week.

"Pertamina is looking for quality service as it is given a huge responsibility by the government to distribute all the much needed oil and gas products across the 17,000 islands in Indonesia on time.”Indo got 17000 island...as mention......enough for those ship to sail a long long time.....hehehehe.........that why BL expand to keep up with the coming contract from they GOV....stated must regsister in indo ...alll the crew must be indo...hehehehe....

 

May not survive long as other foreign ports, due to safety, will disallow anchorage, if eventually law enforces internationally.

lawcheemeng      ( Date: 12-Oct-2009 11:20) Posted: with the new ruling of using only double hull.chemical carrier.....alot of older ship will scrape or sell cheap...however this will not affect BL...as this does not apply to indo...and also BL also regsisted many of its carriers in indo...when next yr comes only indo regsisted carrier will be given the contract to carry for their national  oil compy...think it can easily come back into the black......just my view....

 

with the new ruling of using only double hull.chemical carrier.....alot of older ship will scrape or sell cheap...however this will not affect BL...as this does not apply to indo...and also BL also regsisted many of its carriers in indo...when next yr comes only indo regsisted carrier will be given the contract to carry for their national  oil compy...think it can easily come back into the black......just my view....

 

Ha ha, joke aside. Coy dealing with chemical, gas n oil.

Currently, it has fleet of 65 tankers, comp of 38 chem, 18 oil, 8 gas n 1 FPSO(apa binatang ini?) Amtg 1.86m DWT(dry water ton) 

Making $ in 1Q but turnning into red in 1H owing lower chem n oil tptn act n also impacted by higher depreciation n opt expenses.

Coy will see lights at end of tunnel if global economy turns good.

 

Berlian Laju Tanker exploring strategies for the sake of global demand!


Just use a word translator.

 

How come even after translation I still cannot understand..

 

Kawan, apa lah, cakap bangsa Melayu, disini????

 Berlian(diamond) Laju Tanker(fast tank, may be M1 USA)-

menjajaki(colonises)

 strategi(stretegy)

demi(when)

kemajuan(progress)

permintaan dunia(act of god lah, pse no offence for religious)!

lawcheemeng      ( Date: 08-Oct-2009 15:03) Posted: Peng Yew.......don"t understand leh...can translate!! Hulumas      ( Date: 08-Oct-2009 14:53) Posted: Berlian Laju Tanker menjajaki strategi demi kemajuan permintaan dunia

 

Peng Yew.......don"t understand leh...can translate!!

Hulumas      ( Date: 08-Oct-2009 14:53) Posted: Berlian Laju Tanker menjajaki strategi demi kemajuan permintaan dunia! lawcheemeng      ( Date: 07-Oct-2009 20:49) Posted: sori from Next insight...hehehe....

 

Berlian Laju Tanker menjajaki strategi demi kemajuan permintaan dunia!

lawcheemeng      ( Date: 07-Oct-2009 20:49) Posted: sori from Next insight...hehehe.... lawcheemeng      ( Date: 07-Oct-2009 20:42) Posted: another writerup...in the edge............... BERLIAN LAJU: To list on Oslo after M&A makes it global market leader Written by Sim Kih    Tuesday, 06 October 2009 This is the second of our 2-part report on Berlian Laju Tanker.  The first report highlighted the leading chemical tanker operator’s low-cost fleet expansion opportunity at a time when Cabotage allows it to grab market share from foreign-flagged vessel operators. Demand for chemical tankers is replacing that for product tankers, says Peter Chayson. Photo by Leong Chan Teik. BERLIAN LAJU’S takeover of Olso-listed Camillo Eitzen (CECO), which it expects to complete by Nov, will create the world’s largest chemical tanker operator. The world's No. 3 chemical tanker operator announced yesterday its intention to launch a “voluntary exchange offer” for all the shares in CECO, another leading chemical tanker operator. And it intends to seek a secondary listing on the Oslo stock exchange following the merger. The current bad market condition is an opportunity to buy growth since quite a few good companies with strong track record have been affected by the crisis, said Peter Chayson, who is Berlian Laju's general manager. CECO, for example, incurred a net loss of US$21.8 million during 1H09. CECO is headquartered in Copenhagen and has more than 80 offices worldwide. Total revenues of the merged entity for the past 12 months amount to about US$2.3 billion, and EBITDA amounts to US$499 million. In comparison, Berlian Laju generated revenues of US$305.7 million and EBITDA of US$134.5 million for 1H09. Including new vessels, the enlarged group will operate 157 chemical tankers, or double that of the next largest players. In addition, it will have 14 oil tankers, 42 gas tankers, 50 to 60 bulk carriers and one FPSO. Berlian Laju also wants to buy vessels that are 5 to 10 years of age for deployment in Indon waters for opportunities arising from the Cabotage rule. This year’s capex was U$60 million, and Peter expects another whopping US$424.5 million in the following 3 years. Berlian Laju keeps its fleet young at average age of 7.7 years, half that of its competitors. Large capex is no issue where there’s financing While the size of Berlian Laju’s expansion plans may seem imposing, Peter is confident the company has the clout to raise external finances. CECO shareholders will be offered mandatory exchangeable bonds with an indicative face value equivalent to NOK 25 per share, which works out to an estimated US$175 million of bonds. In Aug, it raised about S$85 million via a one-for-three rights issue at 6.1 cents (Rp425) per share, and lowered its gearing to 1.6X. The company is operating short and long term credit lines with numerous banks.  Additional loan facilities in the pipeline, especially from local banks, said Peter. During 2Q09, Berlian Laju managed to obtain another two long term loan facilities - 500 billion rupiah from Bank Mandiri and US$31.5 million from DnBNor. The Indonesian government has also passed several important laws and regulations, such as the new Shipping Law, the Law on Arrest of Ships, the Law on Mortgage. These policy changes will encourage local bank lending to local shipping companies. Another possible source of funding is the sale and leaseback of vessels, such as the 19,900-dwt chemical tanker that it sold and leased back in 1Q09. Even during the pit of the recent economic crisis, Berlian Laju managed to complete significant amounts of sale and lease back transactions and continued to receive substantial amounts of funding from its shipping banks, said Peter. 1H09 operating profits were hit by lower freight rates and high costs, but Peter believes demand outlook is positive. Confident about revenue outlook Other than replacement demand for foreign-flagged vessels, shifts in production and consumption trends may also increase demand for tanker shipping. For example, export of chemicals from Asia and the Middle East is expected to grow. Chemical tanker demand in South America is also very strong, says Peter.  Charter revenues from chemical tankers contributed 74% to Berlian Laju’s 1H09 top line. As for gas tankers, freight rates remained resilient through the global economic crisis, and pockets of growth opportunities exist. Most revenues from gas are also secured by contracts, added Peter. For example, natural gas released during oil exploration and production is difficult to store and transport, so in the past, oil majors used to just burn the gas. However, with IMO’s regulation on prohibition of flare gas, demand for small gas tankers will increase. Charter revenues from gas tankers (which carry LPG and LNG) contributed 6.8% to group 1H09 top line. Finally, Indonesia is a net importer of oil, and wants to increase domestic production. He expects oil exploration and production by the global oil majors in Indonesian waters to increase and thereby boost demand for FPSOs. The plan is to buy cheap second-hand tankers, which are not double hulled, and commission an external yard to convert these to FPSOs. Charter revenues from the company’s FPSO vessel contributed 1.8% to group 1H09 top line. The FPSO (floating production supply and offloading) vessel sails to an offshore platform, loads and processes oil and gas, and stores it until the oil or gas can be offloaded onto a tanker or transported through a pipeline.   Related Items Search Login Form Username Password Remember me Lost Password? No account yet? Register S-Chips （中国公司） 欧圣：期待更好的第三、第四季度 欧圣，中国箱包：分析师们现在怎么说 特步：低于发行价的便宜股 力恒：大华继显首选的新加坡上市尼龙产商 西伯尔：“前所未有的行业增长” Z-OBEE:每股7美分的净现金，8分新币的股价 东方巴菲特谢清海 中国燃气：稳固的收益，流动的竞争 航运业受中国疲软的铁矿石需求影响 欧圣，中国箱包：值得关注的股票 Promos & other ads How to pick stocks ... Read more... How to get the best home loan ... Read more... In Sept '09, 24,761 unique visitors surfed to NextInsight! Register for our weekly email alerts for articles! Read more... Join Singapore's No.1 investor relations agency Read more... © 2009 Next Insight Designed and maintained by SageStudio

 

sori from Next insight...hehehe....

lawcheemeng      ( Date: 07-Oct-2009 20:42) Posted: another writerup...in the edge............... BERLIAN LAJU: To list on Oslo after M&A makes it global market leader Written by Sim Kih    Tuesday, 06 October 2009 This is the second of our 2-part report on Berlian Laju Tanker.  The first report highlighted the leading chemical tanker operator’s low-cost fleet expansion opportunity at a time when Cabotage allows it to grab market share from foreign-flagged vessel operators. Demand for chemical tankers is replacing that for product tankers, says Peter Chayson. Photo by Leong Chan Teik. BERLIAN LAJU’S takeover of Olso-listed Camillo Eitzen (CECO), which it expects to complete by Nov, will create the world’s largest chemical tanker operator. The world's No. 3 chemical tanker operator announced yesterday its intention to launch a “voluntary exchange offer” for all the shares in CECO, another leading chemical tanker operator. And it intends to seek a secondary listing on the Oslo stock exchange following the merger. The current bad market condition is an opportunity to buy growth since quite a few good companies with strong track record have been affected by the crisis, said Peter Chayson, who is Berlian Laju's general manager. CECO, for example, incurred a net loss of US$21.8 million during 1H09. CECO is headquartered in Copenhagen and has more than 80 offices worldwide. Total revenues of the merged entity for the past 12 months amount to about US$2.3 billion, and EBITDA amounts to US$499 million. In comparison, Berlian Laju generated revenues of US$305.7 million and EBITDA of US$134.5 million for 1H09. Including new vessels, the enlarged group will operate 157 chemical tankers, or double that of the next largest players. In addition, it will have 14 oil tankers, 42 gas tankers, 50 to 60 bulk carriers and one FPSO. Berlian Laju also wants to buy vessels that are 5 to 10 years of age for deployment in Indon waters for opportunities arising from the Cabotage rule. This year’s capex was U$60 million, and Peter expects another whopping US$424.5 million in the following 3 years. Berlian Laju keeps its fleet young at average age of 7.7 years, half that of its competitors. Large capex is no issue where there’s financing While the size of Berlian Laju’s expansion plans may seem imposing, Peter is confident the company has the clout to raise external finances. CECO shareholders will be offered mandatory exchangeable bonds with an indicative face value equivalent to NOK 25 per share, which works out to an estimated US$175 million of bonds. In Aug, it raised about S$85 million via a one-for-three rights issue at 6.1 cents (Rp425) per share, and lowered its gearing to 1.6X. The company is operating short and long term credit lines with numerous banks.  Additional loan facilities in the pipeline, especially from local banks, said Peter. During 2Q09, Berlian Laju managed to obtain another two long term loan facilities - 500 billion rupiah from Bank Mandiri and US$31.5 million from DnBNor. The Indonesian government has also passed several important laws and regulations, such as the new Shipping Law, the Law on Arrest of Ships, the Law on Mortgage. These policy changes will encourage local bank lending to local shipping companies. Another possible source of funding is the sale and leaseback of vessels, such as the 19,900-dwt chemical tanker that it sold and leased back in 1Q09. Even during the pit of the recent economic crisis, Berlian Laju managed to complete significant amounts of sale and lease back transactions and continued to receive substantial amounts of funding from its shipping banks, said Peter. 1H09 operating profits were hit by lower freight rates and high costs, but Peter believes demand outlook is positive. Confident about revenue outlook Other than replacement demand for foreign-flagged vessels, shifts in production and consumption trends may also increase demand for tanker shipping. For example, export of chemicals from Asia and the Middle East is expected to grow. Chemical tanker demand in South America is also very strong, says Peter.  Charter revenues from chemical tankers contributed 74% to Berlian Laju’s 1H09 top line. As for gas tankers, freight rates remained resilient through the global economic crisis, and pockets of growth opportunities exist. Most revenues from gas are also secured by contracts, added Peter. For example, natural gas released during oil exploration and production is difficult to store and transport, so in the past, oil majors used to just burn the gas. However, with IMO’s regulation on prohibition of flare gas, demand for small gas tankers will increase. Charter revenues from gas tankers (which carry LPG and LNG) contributed 6.8% to group 1H09 top line. Finally, Indonesia is a net importer of oil, and wants to increase domestic production. He expects oil exploration and production by the global oil majors in Indonesian waters to increase and thereby boost demand for FPSOs. The plan is to buy cheap second-hand tankers, which are not double hulled, and commission an external yard to convert these to FPSOs. Charter revenues from the company’s FPSO vessel contributed 1.8% to group 1H09 top line. The FPSO (floating production supply and offloading) vessel sails to an offshore platform, loads and processes oil and gas, and stores it until the oil or gas can be offloaded onto a tanker or transported through a pipeline.   Related Items Search Login Form Username Password Remember me Lost Password? No account yet? Register S-Chips （中国公司） 欧圣：期待更好的第三、第四季度 欧圣，中国箱包：分析师们现在怎么说 特步：低于发行价的便宜股 力恒：大华继显首选的新加坡上市尼龙产商 西伯尔：“前所未有的行业增长” Z-OBEE:每股7美分的净现金，8分新币的股价 东方巴菲特谢清海 中国燃气：稳固的收益，流动的竞争 航运业受中国疲软的铁矿石需求影响 欧圣，中国箱包：值得关注的股票 Promos & other ads How to pick stocks ... Read more... How to get the best home loan ... Read more... In Sept '09, 24,761 unique visitors surfed to NextInsight! Register for our weekly email alerts for articles! Read more... Join Singapore's No.1 investor relations agency Read more... © 2009 Next Insight Designed and maintained by SageStudio

 

another writerup...in the edge...............

BERLIAN LAJU: To list on Oslo after M&A makes it global market leader Written by Sim Kih    Tuesday, 06 October 2009 This is the second of our 2-part report on Berlian Laju Tanker.  The first report highlighted the leading chemical tanker operator’s low-cost fleet expansion opportunity at a time when Cabotage allows it to grab market share from foreign-flagged vessel operators. Demand for chemical tankers is replacing that for product tankers, says Peter Chayson. Photo by Leong Chan Teik. BERLIAN LAJU’S takeover of Olso-listed Camillo Eitzen (CECO), which it expects to complete by Nov, will create the world’s largest chemical tanker operator. The world's No. 3 chemical tanker operator announced yesterday its intention to launch a “voluntary exchange offer” for all the shares in CECO, another leading chemical tanker operator. And it intends to seek a secondary listing on the Oslo stock exchange following the merger. The current bad market condition is an opportunity to buy growth since quite a few good companies with strong track record have been affected by the crisis, said Peter Chayson, who is Berlian Laju's general manager. CECO, for example, incurred a net loss of US$21.8 million during 1H09. CECO is headquartered in Copenhagen and has more than 80 offices worldwide. Total revenues of the merged entity for the past 12 months amount to about US$2.3 billion, and EBITDA amounts to US$499 million. In comparison, Berlian Laju generated revenues of US$305.7 million and EBITDA of US$134.5 million for 1H09. Including new vessels, the enlarged group will operate 157 chemical tankers, or double that of the next largest players. In addition, it will have 14 oil tankers, 42 gas tankers, 50 to 60 bulk carriers and one FPSO. Berlian Laju also wants to buy vessels that are 5 to 10 years of age for deployment in Indon waters for opportunities arising from the Cabotage rule. This year’s capex was U$60 million, and Peter expects another whopping US$424.5 million in the following 3 years. Berlian Laju keeps its fleet young at average age of 7.7 years, half that of its competitors. Large capex is no issue where there’s financing While the size of Berlian Laju’s expansion plans may seem imposing, Peter is confident the company has the clout to raise external finances. CECO shareholders will be offered mandatory exchangeable bonds with an indicative face value equivalent to NOK 25 per share, which works out to an estimated US$175 million of bonds. In Aug, it raised about S$85 million via a one-for-three rights issue at 6.1 cents (Rp425) per share, and lowered its gearing to 1.6X. The company is operating short and long term credit lines with numerous banks.  Additional loan facilities in the pipeline, especially from local banks, said Peter. During 2Q09, Berlian Laju managed to obtain another two long term loan facilities - 500 billion rupiah from Bank Mandiri and US$31.5 million from DnBNor. The Indonesian government has also passed several important laws and regulations, such as the new Shipping Law, the Law on Arrest of Ships, the Law on Mortgage. These policy changes will encourage local bank lending to local shipping companies. Another possible source of funding is the sale and leaseback of vessels, such as the 19,900-dwt chemical tanker that it sold and leased back in 1Q09. Even during the pit of the recent economic crisis, Berlian Laju managed to complete significant amounts of sale and lease back transactions and continued to receive substantial amounts of funding from its shipping banks, said Peter. 1H09 operating profits were hit by lower freight rates and high costs, but Peter believes demand outlook is positive. Confident about revenue outlook Other than replacement demand for foreign-flagged vessels, shifts in production and consumption trends may also increase demand for tanker shipping. For example, export of chemicals from Asia and the Middle East is expected to grow. Chemical tanker demand in South America is also very strong, says Peter.  Charter revenues from chemical tankers contributed 74% to Berlian Laju’s 1H09 top line. As for gas tankers, freight rates remained resilient through the global economic crisis, and pockets of growth opportunities exist. Most revenues from gas are also secured by contracts, added Peter. For example, natural gas released during oil exploration and production is difficult to store and transport, so in the past, oil majors used to just burn the gas. However, with IMO’s regulation on prohibition of flare gas, demand for small gas tankers will increase. Charter revenues from gas tankers (which carry LPG and LNG) contributed 6.8% to group 1H09 top line. Finally, Indonesia is a net importer of oil, and wants to increase domestic production. He expects oil exploration and production by the global oil majors in Indonesian waters to increase and thereby boost demand for FPSOs. The plan is to buy cheap second-hand tankers, which are not double hulled, and commission an external yard to convert these to FPSOs. Charter revenues from the company’s FPSO vessel contributed 1.8% to group 1H09 top line. The FPSO (floating production supply and offloading) vessel sails to an offshore platform, loads and processes oil and gas, and stores it until the oil or gas can be offloaded onto a tanker or transported through a pipeline.   Related Items

Search Login Form Username Password Remember me Lost Password? No account yet? Register S-Chips （中国公司） 欧圣：期待更好的第三、第四季度 欧圣，中国箱包：分析师们现在怎么说 特步：低于发行价的便宜股 力恒：大华继显首选的新加坡上市尼龙产商 西伯尔：“前所未有的行业增长” Z-OBEE:每股7美分的净现金，8分新币的股价 东方巴菲特谢清海 中国燃气：稳固的收益，流动的竞争 航运业受中国疲软的铁矿石需求影响 欧圣，中国箱包：值得关注的股票 Promos & other ads How to pick stocks ... Read more... How to get the best home loan ... Read more... In Sept '09, 24,761 unique visitors surfed to NextInsight! Register for our weekly email alerts for articles! Read more... Join Singapore's No.1 investor relations agency Read more...

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