OPERATING REVIEW --- 2024A

  • Profitable TC contracts on 2024H newbuildings
    • charter period over 1Y
    • newbuildings' average operating margin was about 40%
    • newbuildings' total revenue was about US19.4mm
  • Fleet Renewal
    • 4 newbuildings joined Wisdom fleet; 4 old vessels was sold
  • The dry bulk market has recovered from the downturn last year
    • the operating margin of the total fleet was 33%
    • 13% daily hire adjustment on fixed TC renewal for 17 vessels

STRATEGIES

  • Careful assessment of new investment opportunities
  • Keeping diversification of vessel type, including wet sector
  • Flexible chartering approach on the volatile market
  • Deepen relationship with current charterers while broadening business with new partners
  • Diversification of financing channel and optimizing of financial structure
  • Mainly using low sulphur oil to comply with the IMO Sulphur Cap Regulation