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5/7/20
Three tanker companies (EURN, NNA & INSW) reported their numbers for Q1 2020.

EURN:
EBIYDA of $327.9M
Net Profit of $225.9M
Q1 div of 81c/sh
Q2 VLCC rates of $95K daily avg so far in the quarter

https://seanews.co.uk/news/financial/euronav-announces-first...


NNA:
Rev of $97.9M
Net income of $14.9M (after adjustments)
Q1 div of 30c/sh
Planned dissolution of Navios Europe II venture
Newbuild delivery moved out
http://ir.navios-acquisition.com/static-files/fb4760ef-e540-...


INSW:
Shipping rev of $125.3M
Net income of $33.9M
Closed on new credit facilities of $390M (saves INSW $25M/year going forward)
Completed install of scrubbers on 5 VLCCs in Q1 2020, but moved 3 scrubber installs out to 2021 (align with their ship survey dates)
https://finance.yahoo.com/news/international-seaways-reports...


All three companies had good results and acknowledged the Coronavirus impacts on their sector
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