Change Leading Through Transition Ambiguity and Uncertainty - amazonia.fiocruz.br

Change Leading Through Transition Ambiguity and Uncertainty Video

Simply: Change Leading Through Transition Ambiguity and Uncertainty

GAAP, as well as for the definition of each measure. Please see the table at the end of this release for a reconciliation to Voyage Revenues, which is the most directly comparable financial measure calculated and presented in accordance with U. Average daily OPEX per vessel excl.

Change: Leading Through Transition, Ambiguity and Uncertainty

In the future we may incur Uncertaknty that are the same as or similar to some of the adjustments. Please see the table at the end of this release for a reconciliation to General and administrative expenses, which is the most directly comparable financial measure calculated and presented in accordance with U. Despite turbulent financial markets, we received a lot of support from our existing lenders and forged relationships with new financiers to expand our lending group.

It continues to be challenging to get crew on and off our vessels due to restrictions designed to slow the spread of COVID The whole shipping industry, including us, continues to experience vessel itinerary disruptions as well as higher operating costs due to these restrictions.

Navigation menu

Our outlook for the market continues to be constructive, despite the uncertainty stemming from the COVID pandemic. Supply is at historical lows due to the recent demand shocks and ambiguity around the future of vessel propulsion technology, while demand for dry bulk is healthy as ton miles are growing, driven by global infrastructure stimulus projects.

We expect to draw down this facility by the end of November The facility will mature eight years after the drawdown and will be secured by first priority mortgages on the four aforementioned vessels. The facility is subject to Noise Speech And And Communication Barriers conditions precedent and the execution of definitive documentation. Change Leading Through Transition Ambiguity and Uncertainty reduction in market charter rates, as a result of the decreased demand for dry bulk commodities and the uncertainty with regard to the timing of a return to more normalized global trade patterns.

Potential adverse impact on asset values reflecting the weaker freight markets environment and lack of liquidity in the second-hand market. Star Bulk is fully compliant with all its financial covenants as of the end of the nine months ended September 30, Significant delays and increased operational costs associated with crew rotation and related logistical complications, supplying our vessels with spares or other supplies, and the reduced availability of attending engineers for overhauling or maintenance due to travel restrictions and quarantine rules. We have taken proactive measures to ensure the health and wellness of our crew and onshore employees while maintaining effective business continuity and the uninterrupted service to our customers.

Our business continuity plans onshore for our global offices in Athens, Limassol, Singapore, New York, Oslo and Manilla, have allowed for an efficient transition to a remote working environment. Additionally, we have also placed a temporary ban on all non-essential travel by our employees. The actual impact of these and other effects on our business, and the efficacy Change Leading Through Transition Ambiguity and Uncertainty any measures we take in response to the challenges presented by the COVID pandemic, will depend on how the outbreak further develops, the duration and extent of the restrictive measures that are associated with the pandemic and their impact on global economy and trade.

GAAP, as well as for the definition of the respective measures. Amounts shown throughout the press release and variations in period—on—period comparisons are derived from the actual unaudited click in our books and records. Reference to per share figures below are based on 96, and 94, weighted average diluted shares for the third quarter of andrespectively.

TCE rate is a measure of the average daily net revenue performance of our vessels. Available days do not include the Charter-in days as per the relevant definitions provided above. Voyage expenses primarily consist of port, canal and fuel costs that are unique to a particular voyage, which would otherwise be paid by the charterer under a time charter contract, as well as commissions.

Frustration hits home

TCE revenues and TCE rate, non-GAAP measures, provide additional meaningful information in conjunction with voyage revenues, the most directly comparable GAAP measure, because they assist our management in making decisions regarding the deployment and use of our vessels and because we believe that they provide useful information to investors regarding our financial performance. TCE rate is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite Leadlng in the mix of charter types under which its vessels may be employed between the periods. Our method of computing TCE may not necessarily be comparable to TCE of other companies Amgiguity to differences in methods of calculation. For the detailed calculation please see the table at the end of this release with the reconciliation of Voyage Revenues to TCE.

Average daily OPEX per link excluding non- recurring expenses is calculated by dividing vessel operating expenses minus any non-recurring expenses such as increased costs due to the COVID pandemic or pre-delivery expenses, if any by Ownership days.

In addition, together with our scrubber installation program, we decided to bring forward to the majority of dry docking services; thus, in the Adjusted EBITDA calculation for we included only the dry docking expenses for the vessels which were due for their periodic dry dock Change Leading Through Transition Ambiguity and Uncertainty In addition, we believe that the presentation of the respective measure provides investors with supplemental data relating to our results of operations, and therefore, with a more complete understanding of factors affecting our business than with GAAP measures alone.

Conference Call details: Our management team will host a conference call to discuss our financial results on Tuesday, Unceratinty 17, at a. Please quote "Star Bulk.

Secondary navigation

A replay of the conference call will be available until Tuesday, November 24, Slides and audio webcast: There will also be a simultaneous live webcast over the Internet through the Star Bulk website www. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The content on our website is not Transitipn by reference into this release.]