Higher TCE rates - Co said 50% yr/yr increase in TCE rates was supported by long-term contracts, specialized fleet, and cargo-focused strategy
Strong bulk demand - Co cited demand for dry bulk shipping, especially Chinese iron ore imports and Atlantic-to-Asia grain transport, as supporting market fundamentals
Fleet optimization - Co said strategic fleet positioning and increased exposure to shorter-term time charters in the Atlantic helped capture arbitrage opportunities
PANL•
