Interim results for the first quarter 2023
“During the first quarter of 2023, we saw a sustained strong product tanker market with high volatility, primarily driven by changes in the global flow of refined oil products towards longer haul trades,” says Jacob Meldgaard and continues: “In the first quarter we achieved freight rates across our fleet of USD/day 41,717 compared to USD/day 16,743 in the in the first quarter of 2022.” Results • TCE for Q1 2023: USD/day 41,717 (Q1 2022: USD/day 16,743) • Profit before tax for Q1 2023: USD 155.1m (Q1 2022: USD 10.7m) • EPS: Q1 2023: USD 1.87/share, DKK 12.99/