Tge Marine Share Discussion Threads

[andrbea] 23/7/2009 07:56

update today

SP up 6% currently

looks ok to me:

The Group continues to be well capitalized with substantial free cash reserves and no debt.

Manfred Küver, Chief Executive of TGE, commented:

'The Company remains in robust financial health, despite the effects of the economic environment. The Group has taken timely action to reduce its cost base and is ready to take advantage of the expected up turn in its core markets. We are currently seeing good evidence of improvement in sentiment amongst ship builders and owners'.

[andrbea] 22/7/2009 10:48

Order book – gas carrier
�� Sekwang Heavy Industries, Korea: 4 Ethylene carriers of 8,000 m3 for
Lauritzen-Kosan (Denmark)
�� STX, Korea: 2 Ethylene carriers of 9,000 m3 for Benelux Overseas
(Greece) plus 7 LPG-carriers of 9,000 m3 for Naftomar (Greece) and
Benelux Overseas plus 2 LPG-carriers of 6,500 m3 for Eships (UAE)
�� Meyer-Werft, Germany: 3 Ethylene carriers of 17,000 m3 for Harpain
Shipping (Germany)
�� Jiangnan shipyard, China: 2 LPG carriers (22,000 m³) for Petredec
�� Sinopacific , China: 3 LPG carriers (16,500 m³) for Naftomar
Total: 9 Ethylene/LPG-carriers + 14 LPG-carrier
• Order book includes for deliveries into 2011

TGE observes a higher level of inquiries compared to Q1
2009


May 15 2009

[andrbea] 17/7/2009 09:21

'will keep it busy until 2011"

[pelleeds1980] 08/7/2009 16:38

Tried to get in towards close missed out today. Never checked this chart before bloody hell looks good!

[kiwi10] 08/7/2009 16:34

shareview & sharecrazy....no problem

[andrbea] 08/7/2009 16:27

share centre




no problem

[rolo7] 08/7/2009 15:43

halifax share dealing account wont let me trade them for some deposit reason anyone hold these shares and with who would be helpful?

[andrbea] 08/7/2009 09:48

a single 125 pound buy
and we're up 8%

are they (incredibly) short of stock or what?

nia dyor

[andrbea] 07/7/2009 08:51

good spot rolo

not many potential 10-baggers around just now
maybe that buyer realized that


:-)

The figures in the May 15 note are heartening, going forward (no. of gas carriers on order) and a 'strong balance sheet to weather the
current economical crisis'. Oversold IMO.

nia dyor

[rolo7] 06/7/2009 23:07

got my eye on this at the moment interesting trade on the 1st july nearly 1/4 of a million pounds order filled?

[andrbea] 03/7/2009 10:06

Recent info (May 15th) from Business overview (23 pages)

Order book – gas carrier

�� Sekwang Heavy Industries, Korea: 4 Ethylene carriers of 8,000 m3 for
Lauritzen-Kosan (Denmark)
�� STX, Korea: 2 Ethylene carriers of 9,000 m3 for Benelux Overseas
(Greece) plus 7 LPG-carriers of 9,000 m3 for Naftomar (Greece) and
Benelux Overseas plus 2 LPG-carriers of 6,500 m3 for Eships (UAE)
�� Meyer-Werft, Germany: 3 Ethylene carriers of 17,000 m3 for Harpain
Shipping (Germany)
�� Jiangnan shipyard, China: 2 LPG carriers (22,000 m³) for Petredec
�� Sinopacific , China: 3 LPG carriers (16,500 m³) for Naftomar
Total: 9 Ethylene/LPG-carriers + 14 LPG-carrier
• Order book includes for deliveries into 2011

• When will the market come back ?
– Age profile of the fleet would suggest that more activities
shall be expected in second half of 2009
– Market depends on recovery from economical crisis as
consumer demand needs to support petrochemical industry
– New cracker capacity in Middle East will contribute to
increase of tonnage miles for PetChem products
– TGE observes a higher level of inquiries compared to Q1
2009
• What is TGE's strategy to overcome the recession ?
– Several new developments for FLNG and CCS

• Small LNG-carriers:
– Demand for coastal area supply as well as island in most
cases to substitute o subs u e diesel/HFO as fuel (MED islands,
Carribean, Norway coast)
– TGE has upgraded existing ethylene designs for LNG
service with ship sizes up 70,000 cbm
• LNG-BOG handling system
– New development with Burckhardt compression for a
cascade type re-liquefaction will be presented on GASTECH
• CCS (Carbon capture and storage)
– Environmental pressure is key driver supported by
governments (EU)
– CO2-transportation by ships is the most flexible solution
– TGE has developped new storage and shipping concepts
with special steel grades

Other opportunities – FLNG
Floating LNG market ("FLNG")
– Many drivers behind LNG development
• anti-flaring / environmental regulations
• potential value of "stranded" gas
• limited land availability for terminals
– FLNG regasification proven, floating LNG production to
come
– TGE proven for all components excluding liquefaction units
– TGE engaged with several players

Summary: Market opportunities and outlook
�� TGE Marine has a strong balance sheet to weather
current economical crisis
�� Overaging of LPG/LEG-carrier fleet will lead to
replacement with a question mark on when the market
will come back
�� New market segment of small LNG-carriers starts to
develop and is progressing
�� New opportunities for FLNG and especially CO2 are
encouraging and are complementory to core market of
TGE Marine
�� Major threats: Ship financing, recovery from recession

[andrbea] 03/7/2009 09:54

Jan Valkier, Managing Director of Anthony Veder said:

'For our company this vessel is a big step forward in the distribution of clean energy. We are delighted with TGE's excellent service in this project and we are currently also developing other innovative gas shipping projects together with TGE, which are related to the reduction of CO2 emissions.'

/...

The new TGE gas plant design for this LNG/multigas carrier is based on the well proven TGE Ethylene Carrier standard, enhanced with new TGE developments to cope with the requirements for LNG trade in arctic regions and LNG-terminals of standard size.

The 'CORAL METHANE' is a new generation of environmentally friendly and highly flexible LNG/multigas carriers, which will play a vital role in the future for coastal area or island supply.

TGE is currently engaged in several projects for small scale LNG distribution in the Mediterranean and Carribean islands.

[andrbea] 03/7/2009 09:07

2-day riser

tge

the bloke who bought 16000 pounds worth yesterday did well then

:-)

also, on July 1st, a far bigger trade (a buy maybe)

800.0 x 10952 = 87600 pounds

[andrbea] 02/7/2009 08:11

a buy of 16000 pounds

he must be confident, to overcome this (ugly) spread

:-)

[andrbea] 03/6/2009 12:27

Baltic Dry Index was up nearly 15% yesterday.

[andrbea] 29/5/2009 15:24

dunno soft t

article in post 41 speaks of other projects too:

Commenting on today's news, Dr Manfred Kuver, TGE Marine AG's CEO, said:

For our company this vessel is a big step forward in the distribution of clean energy. We are delighted with TGE's excellent service in this project and we are currently also developing other innovative gas shipping projects together with TGE, which are related to the reduction of CO2 emissions.'

[soft t] 28/5/2009 23:04

how many tge shares in issue, anybody know?

[andrbea] 14/5/2009 16:05

The CORAL METHANE has a cargo capacity of 7,500 m³ provided by two cylindrical cargo tanks, a dual fuel diesel electric propulsion system, two Azipull thrusters for optimum manoeuvrability, Class leading notations for ice and cold environment operation given the need to operate in severe Arctic conditions. As required by the charterer, GASNOR from Norway, the vessel is designed to distribute LNG cargo in coastal and narrow fjords. A special feature of the ship is the ability to trade multi-cargoes with temperatures ranging from -163°C up to +45°C including ethylene, propylene, LPG and other petrochemical gases.
/...

The 'CORAL METHANE' is a new generation of environmentally friendly and highly flexible LNG/multigas carriers, which will play a vital role in the future for coastal area or island supply.

TGE is currently engaged in several projects for small scale LNG distribution in the Mediterranean and Carribean islands.

[andrbea] 14/5/2009 15:59

Good RNS on the 11th of May

TGE Marine designs world's first combined LNG / Ethylene / LPG carrier

[andrbea] 20/4/2009 09:32

oversold?
TGE

Balance Sheet (31.12.08)
– Equity base now €8m
– Cash at €18.5m, net of advance payments and third party cash

[andrbea] 15/4/2009 18:51

long time since a trading update...

all we know from the website is:

[double6] 31/3/2009 15:08

Andr - dumped your load ??