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    Bendik Nyttingnes

    Research Analyst at Clarksons Securities AS

    Bendik Folden Nyttingnes is an Analyst at Clarksons Securities AS, specializing in the maritime sector with a focus on dry bulk and tanker shipping. He actively covers companies such as 2020 Bulkers Ltd, providing market forecasts and investment recommendations, and is frequently cited in industry updates for his bullish positions on iron ore and bauxite shipping demand. Nyttingnes joined Clarksons Securities AS in 2021, contributing to collaborative market research alongside senior colleagues and participating in joint market releases. While specific trading performance metrics and professional securities licenses are not detailed in public sources, his research is formally published and used by institutional clients as part of regulated investment analysis.

    Bendik Nyttingnes's questions to Cool Co (CLCO) leadership

    Bendik Nyttingnes's questions to Cool Co (CLCO) leadership • Q1 2025

    Question

    Bendik Nyttingnes of Clarksons Securities AS asked if CoolCo is considering a forward fixture for the Kool Tiger vessel, similar to a recent market transaction, and what rate level would be acceptable. He also questioned the potential impact of U.S. port fees on vessels with Chinese leases and the feasibility of refinancing them.

    Answer

    Executive Richard Tyrrell confirmed CoolCo is considering a forward fix for the Kool Tiger and would find a rate in the "mid-80s or higher" acceptable. On the topic of Chinese leases, Tyrrell and fellow executive Johannes Boots clarified that the LNG sector has special rules exempting it from U.S. port fees until 2029-2030. Boots added that while they monitor ambiguity in the rules, there is no immediate impact, and detailed that call options on the leases carry prepayment penalties in the initial years.

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    Bendik Nyttingnes's questions to Okeanis Eco Tankers (ECO) leadership

    Bendik Nyttingnes's questions to Okeanis Eco Tankers (ECO) leadership • Q1 2025

    Question

    Bendik Nyttingnes from Clarksons asked about the potential to refinance other vessels at the favorable terms recently achieved, specifically inquiring about prepayment penalties and the outlook for the Okeanis yield refinancings.

    Answer

    Iraklis Sbarounis (executive) confirmed that aside from the Nissos Rhenia and Nissos Despotiko, there are no penalties for early refinancing on other vessels. He expressed strong optimism that similar favorable rates could be achieved for the Okeanis refinancings if they were to be executed today.

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    Bendik Nyttingnes's questions to Okeanis Eco Tankers (ECO) leadership • Q4 2024

    Question

    Bendik Nyttingnes of Clarksons Securities asked about the operational dynamics and strategic rationale for switching a Suezmax tanker to the clean product trade.

    Answer

    Aristidis Alafouzos (executive) clarified that the switch was an opportunistic, one-time voyage to maximize earnings while repositioning a vessel to the West. He noted the cleaning process is standard each time and confirmed the vessel is expected to return to the crude market after the voyage.

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    Bendik Nyttingnes's questions to Okeanis Eco Tankers (ECO) leadership • Q2 2024

    Question

    Bendik Nyttingnes asked for the reasons behind the seemingly lower percentage of fixed spot days for Q3 compared to previous guidance, and whether competition for niche shipping routes has changed with rising tensions in the Middle East.

    Answer

    Executive Aristidis Alafouzos attributed the lower Q3 coverage to several factors: two vessels being in drydock, the Suezmax fleet conducting shorter voyages in the West, and a slightly earlier reporting date. Regarding niche routes, he explained that while Okeanis avoids the Red Sea, the disruption has created new opportunities, such as combining two Suezmax cargoes onto a single VLCC for longer voyages around Africa, which they have successfully capitalized on.

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    Bendik Nyttingnes's questions to TORM (TRMD) leadership

    Bendik Nyttingnes's questions to TORM (TRMD) leadership • Q1 2025

    Question

    Bendik Nyttingnes from Clarksons Securities AS inquired about the potential market impact of a reopening of the Red Sea, asking if it would lead to short-term disruptions and significant movements in freight rates.

    Answer

    CEO Jacob Meldgaard responded that a reopening of the Red Sea would likely cause an immediate surge in demand as key trade routes, like Middle East to Europe diesel, become economically viable again. However, he believes that over a longer period, the overall impact on ton-mile demand would be neutral.

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    Bendik Nyttingnes's questions to Star Bulk Carriers (SBLK) leadership

    Bendik Nyttingnes's questions to Star Bulk Carriers (SBLK) leadership • Q3 2024

    Question

    Bendik Nyttingnes asked for management's view on the Sale & Purchase (S&P) market, given the stock's discount to secondhand asset values, and questioned whether the current softness in the Panamax segment is a temporary or structural issue.

    Answer

    CEO Petros Pappas stated that vessel prices follow charter rates, expecting more resilience for Capesize vessels due to a low order book and strong demand drivers, while smaller vessels may see downside. He believes the Panamax market will eventually recover due to long-haul trade trends but noted its order book is the highest among the segments, expressing more confidence in the medium-term outlook for Capesize and Supramax vessels.

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    Bendik Nyttingnes's questions to GENCO SHIPPING & TRADING (GNK) leadership

    Bendik Nyttingnes's questions to GENCO SHIPPING & TRADING (GNK) leadership • Q3 2024

    Question

    Bendik Nyttingnes of Clarksons asked if a recent high-rate time charter was an opportunistic one-off or a strategic shift to more coverage, and whether charterer appetite for term versus spot contracts has changed amid market shifts.

    Answer

    Executive John Wobensmith characterized the firm time charter as an 'opportunistic' one-off deal that fits within their portfolio approach. He acknowledged that time charter liquidity decreased with falling spot rates but noted that as sentiment and rates recover, he expects liquidity in the term market to increase accordingly.

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