Announced on 11/03/22
From their Press release:
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Rev of $223.5M vs $94.2M
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Table
In USD per day Third quarter 2022 Third quarter 2021
VLCC
Average spot rate (in TI Pool)* 22,250 9,000
Average time charter rate** 47,000 50,250
SUEZMAX
Average spot rate*** 34,000 10,250
Average time charter rate 30,500 29,500 -
Marked improvement in the spot rates - for both VLCCs and Suezmax
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Subsequent to quarter end, vessel transactions include sale of Suezmax, sale of ULCC and order for two Suezmax
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About 45% of VLCC fleet has avg $47500 for Q4
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Mention of FRO offer