Fleet Renewal and Environmental Upgrades
Sold 2 of the oldest vessels as part of the company's fleet renewal strategy. 24 vessels have been environmentally upgraded, and 11 are eco vessels. The average fleet age is 10.1 years, younger than the global average.
Dividend Declaration
Declared a dividend of $0.05 per share of common stock, representing a 4.1% dividend yield. This marks the 16th consecutive quarterly dividend.
Strong Financial Position
The company maintains a strong capital structure with $390 million in liquidity and a comfortable leverage of about 35%.
Revenue Visibility
Secured $124 million in contracted revenue backlog from Capes alone, with all 8 Capes presently period chartered at an average daily rate of $24,800.