The company said, “As of the date hereof, approximately 85% of the Company fleet’s expected operating days in the first quarter of 2025 have been fixed at an estimated TCE rate of approximately $12,471. Assuming that for the remaining operating days of our index-linked time charters, the respective vessels’ TCE rate will be equal to the average FFA rate of $18,733 per day, our estimated TCE rate for the first quarter of 2025 will be approximately $13,3634.”
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