The manager of Rickmers Maritime Trust said it is maintaining the amount to be distributed to unitholders at US$2.54 million for the second quarter of the year ended 30 June 2012 (2Q2012), which translates into a distribution of 0.60 US cents per unit. The declared distribution will be paid to unitholders on Sept 5. Overall the trust achieved a net profit of US$8.91 million for 2Q2012, inline with US$8.55 million a year ago.
Charter revenue decreased marginally by 4% from US$37.57 million in 2Q2011 to US$36.00 million for the present quarter. This was due mainly to the scheduled off-hire for the dry-docking of one vessel as well as 3.5 days of unscheduled off-hire for required repairs. It was also attributable to Kaethe C. Rickmers earning a lower net charter rate on her new contract with MSC.
Vessel operating expenses increased from US$8.13 million in 2Q2011 to US$8.74 million in the present period due to increased fixed operating expenses, higher lubricant oil prices, additional insurance and anti-piracy related expenses. The trust reported a decrease in financial expenses from US$10.96 million in 2Q2011 to US$10.39 million in 2Q2012, as a result of the expiry of two interest rate swap contracts.
No comments:
Post a Comment