Strong Financial Performance and Revenue
Full-year revenue was US$524 million, with adjusted EBITDA of US$325 million for 2024. The revenue backlog stands at around US$1.1 billion, with 92% and 64% coverage for 2025 and 2026, respectively.
Fleet Optimization and Strategic Investments
The company added seven vessels and offloaded five older and smaller vessels, resulting in a book gain of around US$11 million. Sustainable financing solutions were leveraged, including raising an ECA covered green loan and placing an unsecured sustainability-linked bond.
Dividend Distribution and Shareholder Returns
The Board of Directors declared the 13th consecutive dividend, totaling $0.42 per share for the year. The full-year 2024 dividend yield was 36%.
Increase in Charter Rates and Asset Values
Charter rates increased by around 150% and secondhand prices by over 40% compared to the beginning of 2024. Strong demand by liner companies continues to support rates and duration levels.