Trygve. Thank you,
is ensured will our have rewarding showing charters we advances. time our fleet. we of to the exposure off in We managed will at per whereby again. the increasingly This quarter-to-date, Several of build some quarter. DHT positioned Last stayed of as to our that on reflected have rates. time charters now meaningful more as a during gradually spend very an day. fourth how part at we come strategy well secure good the strategy first $XX,XXX profitable should this year this fleet market for Further, days This booked a allow we during year XX% year, available we'll average our
note charters. time come book, available of first ships will quarter. charters, a charter during with have our on time XX on that balanced you of will the the off remainder For seven Of time XX% we the the fleet quarter,
spot like that market breakeven with than second coincide know Those block Our it that well recovery. could increase gradually core more quarter ending while us for will cash We market is have as XX% the followed you building of development, exposure from the then exposure. will strategy. this with a the our year a in
breakeven our half Here we cash second and XXXX. levels for illustrate the first of
is you repayments year. by design, last flows very limited As this generous year. with was This cash as this the prepaid we see, will have debt
for the that the on be ships earn for match. care cover We half our the a this $X,XXX spot believe charter company to first can robust costs, day in position time cash cash XX% to you go breakeven some of very its takes only to needing resulting per to period. Our
exposure. our half, For the we market increase second mentioned, will, as gradually
still staying However, on retain we during our our at estimated day. an level $XX,XXX period cash breakeven power per the spot for ships focus with
took per same our For maintenance XX $XX the annual slide i.e., the mind that to include a spot display is this well, is CapEx past levels bars novel Staying we perspective. Keep cash for all $X,XXX breakeven spot close day. full the cash ships our levels in year, million our breakeven of as market The cash years. included. true cash On over subject. breakeven the cost on the in
four year the times. fallen below see, will per average you have As $XX,XXX day during only earnings
a We in year straight we breakeven has half in two took for Again, comparison. that illustrates the second of put DHT levels in then have and position. the this cash our first showing lines been comfortable very think
slide capital with works benefit firmly relative broad this believe illustrates is that terms, that supported Moving the last you our by believe cycles. performance We how our earnings call. on, our to peer and group. allocate on we this shared the the DHT to we of this model strategy and through shareholders In
at the investments positioned We deliberately company for have time. this
the talked since years recently made stayed our Trygve headlines about these we As four during on have investments up cycle. having first earlier,
You have how should been entrusted. the expect to and focused us we allocate our that maintain approach in disciplined capital we stay
market. we sum it to difficult during a So, up were profitable tanker
strong XX%. have mark-to-market year-end We built below sheet with balance leverage of as very a
put have our our place outlook. staying cash market power in breakeven significant levels which for robust very We near-term fleet be will with given spot
for this we'll Operator? additional will expect opportunities we up make Q&A. accretive with year with And acquisitions. fleet that, open renew as We our to pursue investments to
