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Achieved a debt-free balance sheet following $350 million in prepayments since 2023, significantly reducing cash flow breakeven points and enhancing financial flexibility.
Maintained high profitability with a 40% margin, driven by efficient cost structures and increased interest income from a growing cash position.
Executed a fleet optimization strategy by selling 13 older vessels since 2023 to crystallize returns and improve the average age of the fleet.
Shifted vessel allocation to the West of Suez (Europe and Med) where spot rates are approximately 30% higher than in Eastern markets.
#achieved #shifted
Achieved a debt-free balance sheet following $350 million in prepayments since 2023, significantly reducing cash flow breakeven points and enhancing financial flexibility.
Maintained high profitability with a 40% margin, driven by efficient cost structures and increased interest income from a growing cash position.
Executed a fleet optimization strategy by selling 13 older vessels since 2023 to crystallize returns and improve the average age of the fleet.
Shifted vessel allocation to the West of Suez (Europe and Med) where spot rates are approximately 30% higher than in Eastern markets.
#achieved #shifted
10 days ago
