In June 2023, the Company achieved average time charter equivalent (“TCE”) earnings of approximately US$23,100 per day, gross[1]. The Company’s three vessels trading on index-linked time charters earned approximately US$20,500 per day, gross, including average daily scrubber benefits of approximately US$1,600 per day. The Company’s only vessel trading on a fixed time charter earned US$30,000 per day, gross. The Baltic 5TC Capesize Index averaged US$13,247 during June 2023.
