Operates Newcastlemax dry bulk vessels that carry commodities for major commodity companies and multimodal transport companies.
Charterers pay for use of the vessels under time charters, with payments generally made 15 days in advance; fixed-rate charter income is spread across the charter term, while index-linked income follows the index for each period.
20-F for FY2025, filed Mar 12, 2026
$131.9M
20-F for FY2025, filed Mar 12, 2026
$131.9M ↗
Major commodity companies and multimodal transport companies charter the vessels; charterers choose the routes and the commodities carried.
20-F for FY2025, filed Mar 12, 2026
Yes. It kept 13 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Mar 12, 2026
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