Transports refined petroleum products and liquefied petroleum gas by tanker and LPG carrier for charterers worldwide.
20-F for FY2025, filed Apr 10, 2026
The Tanker Segment earns a share of pool earnings based on each vessel’s participation and the pool’s terms. The LPG Carrier Segment rents vessels to charterers under time charters, earning income over the rental period.
20-F for FY2025, filed Apr 10, 2026The Company generates its revenues from pool arrangements and recognizes pool revenue based on quarterly reports from the pools which…View ↗
Pool revenue for each vessel is determined in accordance with the profit-sharing mechanism specified within each pool agreement. In…View ↗
Lease revenues are recognized on a straight-line basis over the non-cancellable rental periods of such charter agreements, as rental…View ↗
20-F for FY2025, filed Apr 10, 2026
FY2025 revenue by reportable segment ↗$9.9M
20-F for FY2025, filed Apr 10, 2026
$9.9M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Tanker Segment
Recurring
20-F for FY2025, filed Apr 10, 2026 |
76% |
Tanker Segment, FY2025
$7.5M Sources
|
Recurring |
|
LPG Carrier Segment
Recurring
20-F for FY2025, filed Apr 10, 2026 |
24% |
LPG Carrier Segment, FY2025
$2.4M Sources
|
Recurring |
Charterers hire the vessels through pool arrangements and time charters; time-charter customers choose ports, routes and vessel speed within contract limits.
20-F for FY2025, filed Apr 10, 2026
No. It lost $45.1K in FY2025.
20-F for FY2025, filed Apr 10, 2026
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