Reports Q3 revenue $41.4M vs. $33M last year. Fleet operational utilization of 88.7%. CEO Harry Vafias Commented, “The full integration of our recently delivered seven drybulk vessels, increasing our fleet to 19 ships and soon to 22 ships, enhanced within Q3 25 our income and profitability stemming from core operations. Market rates for both tanker and drybulk markets are solid and this seems likely to hold in the upcoming quarters. With our debt free balance sheet, our cash base that is currently about $172M and our focus on quality built Japanese and Korean ships, we aim for an even better performance in the fourth quarter of 2025.”
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