Reports Q4 revenue $85.54M, consensus $86.44M. The company said, “In the fourth quarter of 2024, the Company achieved average combined time charter equivalent earnings of $38,800 per day, comprised of $38,200 per day for the Company’s VLCCs operating in the spot market and $40,500 per day for the Company’s VLCCs on time charter. Average spot rate for the quarter for vessels below 15-years of age was $40,500 per day.”
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