BW Tucana has left the Ferndale port May6th-9am local. It is the 9
th vessel for the year and 3
rd this qtr. There were no delays for either Captain Markos or Tucana . Please note that Ferndale handled 2 ships in 10 days. First time. Congrats.
VLGC Constitution follows Tucana with an expected mooring date May15.
In addition to the export table , I have added a table called the EBITDA. It shows the spread, cost of shipping, cost of operations for the terminal and the ebitda split for the partners.
As per the 1
st qtr press release , the spread has changed for the 2
nd qtr.
FERNDALE Exports
| Moored | Depart | Vessel | Volume | MT | Barrels | Days between | Ave Rate |
| | | | m3 | -40C | -40C | Moorings | Throughput |
| | | | | | | | bbl/day |
| 17-Jan | 21-Jan | Clermont | 84000 | 48138 | 529201 | --- | |
| 29-Jan | 4-Feb | Captain Markos | 80700 | 46247 | 508411 | 12 | |
| 17-Feb | 21-Feb | Cratis | 84000 | 48138 | 529201 | 19 | |
| 2-Mar | 7-Mar | Clermont | 84000 | 48138 | 529201 | 13 | |
| 16-Mar | 20-Mar | Captain Markos | 80700 | 46247 | 508411 | 14 | 35780 |
| 29-Mar | 1-Apr | Corvette | 84000 | 48138 | 529201 | 13 | 35526 |
| 9-Apr | 13-Apr | Constitution | 84000 | 48138 | 529201 | 11 | 41098 |
| 26-Apr | 30-Apr | Captain Markos | 80700 | 46247 | 508411 | 17 | 37731 |
| 3-May | 6-May | BW Tucana | 80700 | 46247 | 508411 | 7 | 43234 |
| 15-May | -- | Constitution | 84000 | 48138 | 529201 | 12 | 44154 |
| | | | | | | | |
| | | | | | | | |
| 2021 1st qtr | 90 days | 497400 | 285046 | 3133623 | | 34818 |
| 2021 2nd qtr | | 329400 | 188770 | 2075222 | | |
FERNDALE EBITDA
| Moored | Vessel | Barrels | Spread | Transport | Terminal | Idemitsu | Altagas |
| | | -40C | (C$) | Cost | Cost | Ebitda | Ebitda |
| 17-Jan | Clermont | 529201 | 13,796,258 | 5,821,206 | 911,072 | 1,836,635 | 5,227,345 |
| 29-Jan | Captain Markos | 508411 | 13,254,262 | 5,592,516 | 875,280 | 1,764,481 | 5,021,985 |
| 17-Feb | Cratis | 529201 | 13,796,258 | 5,821,206 | 911,072 | 1,836,635 | 5,227,345 |
| 2-Mar | Clermont | 529201 | 13,796,258 | 5,821,206 | 911,072 | 1,836,635 | 5,227,345 |
| 16-Mar | Captain Markos | 508411 | 13,254,262 | 5,592,516 | 875,280 | 1,764,481 | 5,021,985 |
| 29-Mar | Corvette | 529201 | 13,796,258 | 5,821,206 | 911,072 | 1,836,635 | 5,227,345 |
| 9-Apr | Constitution | 529201 | 12,843,697 | 5,821,206 | 911,072 | 1,588,969 | 4,522,450 |
| 26-Apr | Captain Markos | 508411 | 12,339,123 | 5,592,516 | 875,280 | 1,526,545 | 4,344,783 |
| 3-May | BW Tucana | 508411 | 12,339,123 | 5,592,516 | 875,280 | 1,526,545 | 4,344,783 |
| 15-May | Constitution | 529201 | 12,843,697 | 5,821,206 | 911,072 | 1,588,969 | 4,522,450 |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| 2021 1st qtr | 90 days | 81,693,555 | 34,469,854 | 5,394,846 | 10,875,502 | 30,953,353 |
| 2021 2nd qtr | | 50,365,640 | 22,827,443 | 3,572,702 | 6,231,029 | 17,734,466 |
GLTA
RFguy