Increased Charter Coverage
Secured a long-term time charter for up to 10 years on one of the LNG carriers under construction, which enhances future revenue visibility.
Successful Sale of Container Vessel
Completed the sale of one remaining container vessel, aligning with the company's strategic pivot to gas transportation.
Secured Financing for Multi-Gas Carriers
Financing secured for all MGCs and LCO2 multi-gas carriers, ensuring financial readiness for future deliveries starting January 2026.
Consistent Dividend Payout
Maintained a cash dividend of $0.15 per share, marking the 74th consecutive quarter of dividend payments since 2007.
Strong Cash Position and Leverage
Ended the quarter with a cash balance of $332.2 million and a net leverage ratio below 50%.
Growing LNG Market Demand
Anticipated rise in LNG carrier demand due to new LNG projects reaching final investment decisions, with significant growth expected by 2028.