Announced today (05/16)
- Rev of $196.5M
- Net loss of $8.8M
- Div of 10c/sh
- TCE of $14.9K daily
PowerPoint Presentation (seekingalpha.com)
Had an early sense that Q1 2023 wasn’t going to be a great qtr. Q2 and Q3 to- date are healthier than Q1. Completed acquisition of 6 Newcastlemax vessels in Q1 2023 and disposed off 2 older Cape vessels. Active steps to manage environmental requirements via selling older vessels and installing devices and/or painting vessels to reduce emissions. First of Kamsarmax newbuilds has delivered.