MILWAUKEE, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently completed a deployment in support of the Milwaukee Police Department, one of the lead agencies responsible for coordination of all public safety activity during the Republican National Convention. The Verizon Frontline Crisis Response Team’s preparations for this event started more than 18 months ago and required close collaboration with local, state and federal public safety agencies to identify the unique nee ...

CHICAGO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently completed a deployment in support of federal, state and local public safety agencies during the Democratic National Convention. The Verizon Frontline Crisis Response Team’s preparations for this high-profile event started more than 18 months ago and required close collaboration with dozens of federal, state and county agencies to help ensure first responders had the mission-critical communications capabilities th ...

Antony VelikagathuNote: I covered Frontline plc (NYSE:FRO) in January 2024. I prized the company’s large fleet, strong balance sheet, and reasonable valuation. At that time, tanker market fundamentals were supportive. The crude oil tanker order book was below 5%, and the number of ships older than 20 years was rising. On the other hand, tonne-mile demand was resilient due to the Red Sea crisis and stable oil demand. In conclusion, I gave FRO a Buy rating. In May, FRO’s share price reached $28.6/share, o ...

财务数据和关键指标变化 - 公司在第二季度实现了1.876亿美元的利润,每股收益0.84美元,调整后利润为1.382亿美元,每股0.62美元,与第一季度基本持平 [5] - 公司出售了4艘船舶,使得收益减少1,240万美元,但通过降低船舶运营费用、管理费用、折旧和财务费用,以及利息收入增加1,260万美元,抵消了收益下降 [5] - 公司资产负债表变动主要是出售4艘船舶,其中1艘VLCC在第一季度已经划分为待售资产,以及部分再融资以偿还用于收购24艘VLCC的债务 [6][7] - 公司完成了总额15.5亿美元的再融资,平均期限约8年,平均债务利率下降约30个基点 [8] - 公司现金和现金等价物余额为5.67亿美元,包括未提取的循环信贷额度、可供出售证券和最低现金要求 [6] - 公司未来12个月的平均现金分手平均成本约为每天25,700美元,较上一季度略有下降 [9] 各条业务线数据和关键指标变化 - 第二季度VLCC日租金为49,600美元,Suezmax为45,600美元,LR2/Aframax为53,100美元 [4] - 第三季度到目前为止,VLCC已有79%的航次以47,400美元/天的价格预订,Suezmax有85%的航次以49,900美元/天预订,LR2/Aframax有65%的航次以50,100美元/天预订 [4] - 第二季度VLCC日运营成本为8,600美元,Suezmax为9,300美元,LR2为7,600美元,包括干坞费用,不含干坞的季度平均为7,600美元/天 [10] 各个市场数据和关键指标变化 - 目前全球约23%的船队涉及制裁贸易,VLCC有17%、Suezmax有21%、Aframax/LR2有28%的船舶存在制裁风险 [13][14] - 中国7月进口有所下滑,但8月预计环比增加120万桶/日 [14][15] - 全球油需求正常,油品库存处于历史低位,缺乏应对意外事件的缓冲 [15] 公司战略和发展方向及行业竞争 - 公司正在关注"合规"和"非合规"两个市场的分化,非合规市场规模不断扩大,而合规市场船舶供给正在收缩 [13][14][17][18] - 公司认为除非非常规贸易继续增长,否则非合规市场将出现供给过剩,需要开始拆解船舶 [18] - 公司认为新船订单正在放缓,其他行业如集装箱船正在抢占2028年后的交付窗口 [22][23] - 公司认为未来几个月将进入传统的旺季,加上全球库存处于低位,有望带来强劲的运价上涨 [19][20][21] 管理层对经营环境和未来前景的评论 - 地缘政治风险不断升高,但油价波动意外较小 [13][14] - 中国进口情况不确定,但其他国家如印度的需求有望在冬季增加 [31][32] - 公司对未来几个月的旺季行情持乐观态度,认为有望创下多年来最高的收益水平 [23] 其他重要信息 - 公司已完成再融资和老船舶出售,未来几年内不会有重大再融资计划 [26][27][29] - 公司选择再融资而非新增融资的原因是,新的安排更类似于银行贷款,条款更优惠 [29] 问答环节重要的提问和回答 问题1 **Jonathan Chappell 提问** 询问公司是否已完成再融资和老船舶出售 [26][27] **Inger Klemp 回答** 确认再融资和老船舶出售基本完成,未来几年内不会有重大再融资计划 [26][27][29] 问题2 **Omar Nokta 提问** 询问公司VLCC业务在第三季度的表现优于市场的原因 [34][35][36][37][38][39] **Lars Barstad 回答** 主要是由于公司采用装载至卸货的计算方式,以及将新增的VLCC船队纳入公司整体运营模式所致 [36][37][38][39] 问题3 **Unidentified Analyst 提问** 询问公司对非法贸易船舶保险问题的看法 [49][50][51] **Lars Barstad 回答** 公司估计75%的俄罗斯原油贸易涉及制裁,这些船舶很可能无法获得主流保险公司的承保,存在很大风险 [50][51]

Second Quarter Presentation August 2024 Forward Looking Statements MATTERS DISCUSSED IN THIS DOCUMENT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE HARBOR PROTECTIONS FOR FORWARD-LOOKING STATEMENTS IN ORDER TO ENCOURAGE COMPANIES TO PROVIDE PROSPECTIVE INFORMATION ABOUT THEIR BUSINESS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, FUTURE EVENTS OR PERFORMANCE, AND UNDERLYING ASSUMPTIONS AND OTHER ...

HeliRy Overview We have written articles about large and small, high seas, container or dry bulk marine shipping companies. This article features Frontline plc (FRO), a mid-sized international seaborne transportation company of crude oil and refined products with a $5B market cap. Analysts rate the stock as a buy-to-strong buy opportunity. Seeking Alpha’s Quant Rating has often characterized Frontline stock as a Strong Buy opportunity in 7 out of the last 11 months; otherwise, as in the past few weeks, ...

TUS+VEN+HMA Triplet Protocol in Frontline Therapy for Newly Diagnosed AML was Reviewed by the FDA and Allowed to Proceed Abstract Supporting Exploration of the TUS+VEN+AZA Triplet in Frontline Therapy for Newly Diagnosed AML has been Submitted to the 2025 Annual Meeting of the American Society of Hematology (ASH) SAN DIEGO and TORONTO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Aptose Biosciences Inc. (“Aptose” or the “Company”) (NASDAQ: APTO, TSX: APS), a clinical-stage precision oncology company developing highly ...

BASKING RIDGE, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Verizon Frontline today announced the launch of a newly-established program designed to help strengthen partnerships with vendors in the public safety and mission-critical communications industry. The “Verizon Frontline-Verified” program offers a special designation to vendors whose products have been tested and met the rigorous standards required for public safety use on the Verizon network. The products eligible for this status are specifically design ...

What you need to know: The Verizon Frontline Crisis Response Team deployed SPOT trailers and nearly 200 solutions at 15 different locations to provide first responders with mission-critical voice and data connectivity This effort is one of the Verizon Frontline Crisis Response Team’s nearly 800 responses to requests for support from federal, state and local public safety agencies in 2024 HARDMAN, Ore., July 30, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently deployed in support ...

Three separate, highly-specialized Verizon teams supported first responders participating in the eventAdvanced communication technologies helped ensure seamless coordination across jurisdictions and organizationsVerizon provided multiple mission-critical communications solutions, including drones and a tactical command trailer DALLAS FORT WORTH AIRPORT, Texas, July 16, 2024 (GLOBE NEWSWIRE) --  The Verizon Frontline Crisis Response Team recently completed a deployment in support of first responders particip ...