Financial Data and Key Metrics Changes - In the fourth quarter of 2025, the company reported a profit of $228 million or $1.02 per share, with an adjusted profit of $230 million or $1.03 per share, marking an increase of $188 million compared to the previous quarter due to higher TCE earnings [5][6] - TCE earnings rose from $248 million in the previous quarter to $424.5 million in Q4 2025, driven by increased TCE rates [5][6] - The company has a strong liquidity position with $705 million in cash and cash equivalents, and no meaningful debt maturities until 2030 [6] Business Line Data and Key Metrics Changes - The TCE rates achieved in Q4 2025 were $74,200 per day for the VLCC fleet, $53,800 per day for the Supramax fleet, and $33,500 per day for the LR2/Aframax fleet [3] - For Q1 2026, 92% of VLCC days are booked at $107,100 per day, 83% of Supramax days at $76,700 per day, and 67% of LR2/Aframax days at $62,400 per day [3] Market Data and Key Metrics Changes - The oil demand is growing, particularly focusing on non-sanctioned molecules, which is creating substantial year-on-year changes in trade [11] - The politically laden market environment, including U.S.-India trade and tensions involving Iran and Russia, is creating strong tailwinds for compliant oil transportation [11][12] - The global crude oil in transit remains elevated, with sanctioned crudes moving slower, particularly for Russian barrels [12] Company Strategy and Development Direction - The company is focused on maintaining a strong business model that can produce material shareholder returns, capitalizing on the current market dynamics [21] - The company plans to finance the acquisition of new vessels with cash and long-term debt, indicating a strategy to enhance fleet capacity [7][19] Management's Comments on Operating Environment and Future Outlook - Management noted that the current market is fundamentally tight, yielding extreme volatility, and that oil demand and supply are developing positively, especially for compliant molecules [20][21] - The company expects a good runway for the next 2-3 years before supply could become a concern, despite an increasing order book [19][20] Other Important Information - The company sold 8 of its oldest Eco VLCCs for $831.5 million, expecting net cash proceeds of approximately $477 million [6][7] - The average cash break-even rates for the next 12 months are estimated at approximately $25,000 per day for VLCCs, $23,700 for Supramax tankers, and $23,800 for LR2 tankers [8][9] Q&A Session Summary Question: What factors could lead to a plateau in rates? - Management indicated that seasonality and potential changes in Chinese inventory levels could create volatility, but it is difficult to predict when these changes might occur [24][29] Question: Why hasn't anyone tried to corner the VLCC market in the past? - Management explained that the market is fundamentally tight, and small changes in supply can lead to significant price movements, making it a risky endeavor [31][32] Question: Is the TC market more active due to rising rates? - Management noted that the market has evolved, with more actors using indices to price freight, leading to a vibrant FFA market [37][40] Question: What is the turnaround time for new tanker yard capacity? - Management stated that new yard capacity projects are expected to come online by 2029 [41][42] Question: What will be the strategy on spot versus time charter? - Management indicated a preference for spot returns but is open to securing longer-term income through time charters when market conditions are favorable [46][48] Question: What happens if Russian crude oil sanctions are lifted? - Management believes that while some capacity may return to the compliant fleet, many ships will not qualify due to age and scrutiny in the compliant market [50][52]

Frontline (NYSE:FRO) Q4 2025 Earnings call February 27, 2026 09:00 AM ET Company ParticipantsInger Klemp - CFOJon Chappell - Senior Managing DirectorLars Barstad - CEOSherif Elmaghrabi - VP of Equity ResearchConference Call ParticipantsDevin Sangoi - Research AnalystOperatorGood day, and thank you for standing by. Welcome to the Fourth Quarter 2025 Frontline plc Earnings Conference Call and webcast. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be the q ...

Fourth Quarter Presentation Feb 2026 Forward Looking Statements MATTERS DISCUSSED IN THIS DOCUMENT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE HARBOR PROTECTIONS FOR FORWARD-LOOKING STATEMENTS IN ORDER TO ENCOURAGE COMPANIES TO PROVIDE PROSPECTIVE INFORMATION ABOUT THEIR BUSINESS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, FUTURE EVENTS OR PERFORMANCE, AND UNDERLYING ASSUMPTIONS AND OTHER ST ...

International Seaways (NYSE:INSW) Q4 2025 Earnings call February 26, 2026 09:00 AM ET Speaker6Hello, everyone. Thank you for attending today's International Seaways Inc.'s fourth quarter 2025 earnings conference call. My name is William. I will be your moderator today. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. If you would like to ask a question, you can do so by pressing star one on your telephone keypad. At this time, I w ...

International Seaways Inc. Fourth Quarter 2025 Earnings Presentation February 26, 2026 Disclaimer Forward-Looking Statements During the course of this presentation, the Company (International Seaways, Inc. (INSW)) may make forward-looking statements or provide forward-looking information. All statements other than statements of historical facts should be considered forward-looking statements. Some of these statements include words such as ''outlook,'' ''believe,'' ''expect,'' ''potential,'' ''continue,'' "g ...

Core Viewpoint - Hafnia Limited announced its fourth quarter results for 2025, including details about the cash dividend to be paid to shareholders [1]. Group 1: Company Overview - Hafnia is a leading tanker owner, specializing in the transportation of oil, oil products, and chemicals for major national and international companies [2]. - The company operates around 200 vessels and provides a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk [3]. - Hafnia is part of the BW Group, which has over 80 years of experience in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production [4]. Group 2: Dividend Information - The dividend amount declared is 0.1762 per share, with the declared currency being USD [5]. - The record date for the dividend is set for 6 March 2026, with the payment date expected to be around 18 March 2026 [5]. - The last trading day including the right to dividends is 4 March 2026, and the ex-date is 5 March 2026 [5].

HAMILTON, BERMUDA, February 24, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced the appointment of Mr. Erik Bartnes to the Board of Directors, effective March 1, 2026. Mr. Bartnes was one of the co-founders of Hafnia Tankers in 2010, served as executive chair until the merger between Hafnia Tankers and BW Tankers in January 2019, and has since served as a director on Hafnia’s Board of Directors until 2025. Mr. Bartnes is currently chair of Castel AS and Trobo AS and a board mem ...

Key Takeaways AI disruption fears sparked a broad selloff led by IBM and payment, delivery and software stocks.Energy and tanker shipping ETFs rose on oil strength and higher freight rates.Biotech strength and a bear ETF offered shelter as Wall Street turned volatile.Concerns about the disruptive impact of artificial intelligence resurfaced on Feb. 23, 2026, triggering a selloff in delivery, payments and software stocks. The wave of anxiety pushed International Business Machines (IBM) to its steepest declin ...

Core Insights - Teekay Tankers is experiencing a strong tanker market, with significant spot rate increases and a solid financial position, including $853 million in cash and no debt [2][17][18] - The company has executed a fleet renewal strategy, acquiring modern vessels while selling older ones, resulting in estimated gains of approximately $145 million [15][18] - Geopolitical factors and sanctions are reshaping global oil trade, benefiting compliant tankers and increasing demand for midsized vessels [5][7][11] Financial Performance - In Q4 2025, Teekay Tankers reported a GAAP net income of $120 million, or $3.47 per share, and an adjusted net income of $97 million, or $2.8 per share [3] - For the full year 2025, the company reported a GAAP net income of $351 million, or $10.15 per share, with realized gains on vessel sales totaling $100 million [3] - The company generated approximately $112 million in free cash flow from operations during the quarter, with a low free cash flow breakeven of $11,300 per day [2][17] Market Dynamics - Spot tanker rates in Q4 2025 were the second highest in the last fifteen years, driven by geopolitical events and seasonal factors [2][4] - Global seaborne oil trade volumes reached near record highs due to OPEC+ supply adjustments and increased production from non-OPEC+ countries [5] - Sanctions against Russia, Iran, and Venezuela have created trading inefficiencies, benefiting tanker ton-mile demand and pushing trade towards compliant fleets [5][7] Fleet Management - Teekay Tankers has sold or agreed to sell older vessels for gross proceeds of $157.5 million, with expected gains from these sales recognized in 2026 [1][15] - The company acquired three 2016-built Aframaxes for $142 million and has continued to execute its fleet renewal strategy [2][15] - The average age of the tanker fleet is at its highest in over thirty years, indicating significant replacement demand in the coming years [13][14] Future Outlook - Global oil demand is projected to increase by 1.1 million barrels per day in 2026, with non-OPEC+ supply growth expected to rise by 1.3 million barrels per day [11] - The tanker orderbook is at a ten-year high as a percentage of the existing fleet, but many vessels are needed to replace aging tankers [12][14] - The company is well-positioned to capitalize on market opportunities, with a strong balance sheet and operational leverage to generate cash flows [17][18]

This presentation (this "Presentation") has been prepared by Okeanis Eco Tankers Corp. ("OET or the "Company"). This Presentation does not constitute or form part of, and should not be construed as, an offer to sell or an invitation, solicitation, or inducement to purchase or subscribe for securities with respect to any transaction, nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This Presentation does not constitute either advice ...