Company Expects Strong Improvement in Q1 2026 Results
In a letter to shareholders, the company said, "The present situation is tumultuous, leading to very strong results. The first quarter of 2026 is expected to be much better than the last quarter of 2025, which were reported February 26, 2026. The infomation below shows the excellent performance. Fixture 1) From the US Gulf via Cape Good Hope to the Far East. The TCE is USD 175,000 over 85 days. Fixture 2) From West Africa to Asia. The TCE is USD 77,000 over 65 days. Fixture 3) A 90-day fixture. The TCE rate is USD 88,000 per day. Fixture 4) A voyage from the Baltic to Asia. The TCE is USD 150,000 over 60 days. Fixture 5) From Guyana to Europe. The TCE is USD 41,000 over 58 days. Fixture 6) From West Africa to Asia. The TCE is USD 94,000 over 54 days. Fixtures 5 & 6 were concluded before the Middle East war broke out Feb 28th. Our operating costs are about USD 9,000/day."
