Capital Link Shipping Weekly Market Report, Tuesday 7th March 2017, Week 10

TEN Ltd. Announces Date of Fourth Quarter 2016 Financial Results, Conference Call and Webcast
TEN Ltd. (“TEN”) (NYSE: TNP), a leading crude, product, and LNG tanker operator, will report earnings for the fourth quarter ended December 31, 2016, prior to the open of the market in New York on Friday, March 17, 2017.
That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release.

SDRL - Seadrill Limited Announces Fourth Quarter 2016 Results
- Revenue of $667 million
- Operating income of $118 million
- EBITDA of $354 million
- 99% economic utilization
- Reported net income of $127 million and diluted net income per
share of $0.26
- Underlying net income, excluding non-recurring items and noncash
mark to market movements on derivatives, was $111 million
and earnings per share was $0.24
- Cash and cash equivalents of $1.4 billion
- Seadrill Limited order backlog of approximately $2.5 billion

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