Strong Quarterly Financial Performance
Adjusted EBITDA came in at $66 million for Q1 2025, indicating strong financial performance.
High Revenue Backlog
Revenue backlog stands at $1.1 billion with 96% and 77% coverage of open days in 2025 and 2026, respectively.
Fleet Optimization and Modernization Efforts
Sale of seven vessels with an average age of 17 years and delivery of the first two methanol dual-fuel new buildings.
Successful Financing Activities
Closed the first Japanese-lending transaction and raised $75 million through a sustainability-linked bond.
Dividend Declaration
Declared the company's 14th consecutive dividend of $0.08 per share, totaling over $1 billion in dividends over the last three years.