TCE revenues were formed at $8.9 million, reduced by 23.5% compared to the same period last year, while earnings per share amounted to $0.11. The quarter’s Adjusted EBITDA closed at $4.2 million.
At the nine-month level, net revenues reached $28.5 million, with the company recording a marginal loss of $0.04 million, against significant profits in 2024.
The Chairman and CEO Valention Valentes emphasized that the product tanker market is showing a noticeable improvement, supported by geopolitical instability and global economic dynamics, with MR tankers achieving an average TCE of $21,085 per day.
