May. 13 at 9:42 PM
$ECO
Fleetwide daily TCE rate* of
$93,600 per available spot day and
$93,100 per operating day; VLCC TCE rate of
$106,400 per available spot day and
$104,300 per operating day; and Suezmax TCE rate of
$81,600 per available spot and operating day.
Daily vessel operating expenses* (“Daily Opex”, a non-IFRS measure*) of
$9,593 per calendar day, including management fees, in Q1 2026.
In Q2 2026 to date, 46% of the available VLCC spot days have been booked at an average TCE rate of
$223,900 per day and 60% of the available Suezmax spot days have been booked at an average TCE rate of
$187,300 per day.
Not a misprint. If they are paying
$2.00 per share in dividend for 1Q based on
$93,600 fleetwide TCE, how high do you think the dividend for 2Q will be when half way through the quarter, the average TCE rate for VLCC vessels is a mind boggling
$223,900 per day, and SuezMax is
$187,300?!? Those are both more than 100% higher than Q1 TCE rates for those vessel classes!
$3.50+ div coming for 2Q?
