The company reported that approximately 78% of its total revenue days—encompassing both spot and time-charter agreements—are currently estimated at an average rate of $225,200 per day. This momentum builds on the third quarter, where the firm projected time charter equivalent earnings for its fleet at $141,300 per day.

During that period, the fleet’s performance split between $167,100 per day for very-large crude carriers (VLCCs) in the spot market and $114,200 per day for those under time charters. These figures were derived from a total of 2,055 revenue days, with spot market activity accounting for 1,054 of those days.