Total revenues of USD 7.63m
- Spot pool revenues of USD 1.33m
- Time charter revenues of USD 6.44m
Total operating expenses of USD 6.72m
- Vessel opex incl. insurance of USD 2.51m
- Voyage exp. and commissions of USD 0.48m
- G&A expenses of USD 0.53m
- USD 0.29m administrative expenses
- USD 0.28m legal expenses
EBITDA of USD 4.24m
Net profit of USD -0.70m
Average daily earnings of USD 21,565
- Avg. daily spot earnings of USD 14,720
- Avg. daily time charter earnings of USD 23,850
Opex incl. insurance of USD 6,975 per day per vessel
360 available earnings days and 360 opex days
- 90 pool spot days
- 270 time charter days
Fourth quarter cash flow breakeven of approx. USD 23,500 per day
Key events in 1Q 2022
Entered into three 12-month index-based linked charters for Hunter Idun, Hunter Frigg and Hunter Disen
- All three charter rates will be calculated on the basis of the daily rate for TD3C (Saudi-China) plus varying premiums, and adjusted for the vessels’ speed, consumption and fuel type
- Hunter Idun commenced her charter on January 25th
- Hunter Frigg commenced her charter March 28th
- Hunter Disen commenced her charter on May 1st
Subsequent events
The Annual General Meeting was held on 27 April 2022. All resolutions were passed in accordance with the proposals set out in the notice
As of the date of this report, 68% of days in the second quarter of 2022 have been booked at an average est. dayrate of USD 17,500
