The glossier presentation slides will likely be available in a few hours. But, I just saw some initial Q1 data
- Shipping Revenue of $578.4M
- Profit of $180.8M
- Adj Profit of $137.5M
- Declared div of 62c/sh
- Q1 VLCC rates $48 100 daily (pulled down significantly by the delivery of the remaining 13 acquired EURN vessels)
https://ml-eu.globenewswire.com/Resource/Download/33798cca-b003-4987-8321-ef3057eee212
Trying to dissect all the financing related data. Seems like some of the sold vessels might have delivered in Q2 (is aware of one Suezmax that is a Q2 event). Why does it matter? Debt per vessel impacts vessel breakeven. Don’t know how market will react, but I liked Q1 numbers. And Q2 (done so far) seems even more positive