Operates crude-oil tankers that carry cargo for charterers, including shipping companies.
Charterers pay a daily hire rate for using the vessels for a set period, generally monthly in advance. Charter revenue is earned over the charter period.
20-F for FY2025, filed Mar 23, 2026
$23.5M
20-F for FY2025, filed Mar 23, 2026
$23.5M ↗
Clearlake was its only customer; Trafigura has a time charter for the new tanker after delivery.
20-F for FY2025, filed Mar 23, 2026CustomersView ↗
Yes. It kept 11 cents of every revenue dollar as net income in FY2025.
Flat.
Revenue was $23.5M in FY2025, about the same as the $24.5M of FY2023.
20-F for FY2025, filed Mar 23, 2026
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