Laila. Thanks,
and time book customers. coming the during the opportunities charter time Three contracts. quarter through consists is right of the seven off with ambition intention currently are of charter Our rebuild portfolio them to right it our third and the
recently have that structure with contract profit structure for per time rates base sharing has a based secured day. DHT a charter includes on economics. profit The The sharing the indexes $XX,XXX three-year actual the We fixed is of certain ship’s the Puma.
benefits the including of being with such, As fitted a an eco-vessel scrubber.
day year base XXX% rate this be Earnings the level above shared will first and be earnings the to customers allocated equally between per us. the The of us. to $XX,XXX will -- from customer
past charter per experience and March. during day example, about structures I as earned an time We reference, $XX,XXX from good these have with charters, this time
here are updating XXXX. for We the on quarter you second to-date bookings our of
the further contracts which We average quarter, per days spot XXX $XX,XXX at to expect days rate of this at at be day. weighted of of X,XXX today, average by has earnings per We bookings $XX,XXX rate of to $XX,XXX day. XX% an XX% average covered expect indicates booked have per the term been and about for our day. of total Combined, of days of an as
rate allowing day to contribution based the net In for income a spot per days. model second you on assumptions breakeven the own your unfixed the $XX,XXX spot of quarter, we line, for the estimating last are P&L
is quarter-to-date healthy prospects cash a good second the to the the for bookings with dividend. The quarter start quarterly for
in drop from a softening rates. the suggest We of vessel scrubber rates the the Current freight though current in since four-handle rates fitted seen starts have, a sentiments however, quarter. eco beginning with [ph]
income the year. we adjusted this P&L We a fleet P&L for as day. to show fleet per estimated three in The for about on When the liberty and the per the again. for order this have, is slide $XX,XXX spot of for call, XX,XXX prior quarters about fixed discussed that breakeven breakeven any is day the our we to avoid the the whole take remaining misunderstanding,
For to day, the to per the the three $XX,XXX quarters ships remaining of whole year, requiring the the the estimate for cash be a we per as spot for neutral. make fleet day company be breakeven $XX,XXX cash to with
flow numbers costs, cash income breakeven OpEx, breakeven of for headroom net This that the day cash mind in general our rewarding potential annualized sheet interest will illustrates of debt in cash cash This opportunities combined us that and $X,XXX with per fleet, be some cash enable will the and allocated to the the between purposes. balance right and when a offer all Keep our flow, capacity invest the amortization. prospects. include $XX is to breakeven cash maintenance CapEx, with million true time G&A, about corporate
an provide our we exhaust the retrofit fleet you Here to our with remainder on project gas with of update systems. cleaning
to-date completed retrofits of have thus two have remaining. and We the of six eight
far to ships. terms cost pockets intend for these The fixed in execution has to planned have in a thus them. off-hire been freight perspective from to air use but both execute time according plan, the for and not the of the project market two, We days
with still XX premium offering weakening and installed. have spreads have earnings margins alongside within fitted ships We are off, XX be operational this with plan come but fuel systems year. the systems refining to ships for The now of XXX%
charters. pursue are of As ships term to we clients wanting point have focal mentioned the earlier, these
ton-mile On over we so development period. past this slide, illustrate the the or in time same crude seaborne and transportation developments over three years
Russia you’re aware, As for trade Ukraine the all drove and earnings patterns, conflict premium disrupted siblings. smaller our between which
been fairly following steady and slightly it setback, has the With positive a COVID retrospect longer the development.
in oil and to it to about VLCC on it’s the of true when of VLCCs the ton-mile transportation, transportation this it’s size Importantly left The markets to the on particular, workhorse and DHT, oil expect its XX% basis, to handling shows and you prevent on measured for competitive and due going reasonable crude of a crude XX% a seaborne think forward. surprisingly cost graph represents close a basis. nominal
and any capacity. These you as are oil be not act an would as perspective shall expect a We geopolitical impacted. that or from our our beyond analysis offer extraordinary expert businesses would geopolitical market times one
However, bit, positive. beams the a our business the three lifting are basic pillars for
should for because transportation are likely in these and growing be oil, of basically supply distances coming of increasing pillars demand benefits We new think it have We to volatile seasonal. continue and experiencing innings the no the a we on. and early
price near-term ago. OPEC+ about its demand rates, oil Maybe the expectations. curve, our but surprised turmoil raising later with OPEC+ a $X.XX forecasted are the announcement sticky refining was all certain financial and now price and War, market a tempering targeting year, concerns reduce on the for margins higher trying recovery impact and interest to the month falling this only. of increased ahead inflation
China however, step up and impacts opening sense will do at longer supply and to an increasing transportation distances. we will have of up these consumption non-OPEC for a least that that part is, compensate mean
has prone The been tanking historically market disruptions. for
freight alert state tankers East due there security Middle speak, This to involved failing we risk the it its and important concerns decrease As under about certain to abruptly some has markets. flag highly the owners supply upside in this the significant to this out, A of members understand plays this are If is can have in area. area. they in growth. entering flag ships the seizures loading in certainly
followed and fatalities in Southeast older recently tanker there Asia. significant by explosion an Unrelated, anchored fire an was in
related to again, accepting waters twice them. terminals make could it trend remove it the has certainly these the upside. could capacity, incidents We and this and controlling and in evolves, about transit fleets. authorities risked now niche are think the users ships, and using If shadow this these out, If seeing accepting and accidents of it plays ships territorial ships,
but headwinds one market, this near-term some are tailwinds by in the long-term supported should key the blur pillars. let There not the think market we
and consistent is plan stick to we our forward, Going knitting. our will
strategy. business You expect continued strong and executing should in our discipline model
services of all and a for our and strong no-nonsense company have shareholders. a on results great our We people customers in focused safe delivering culture, team reliable to
shareholders to in square. low tuned a a to the balance cost tanker are net solid of market fleeterships, sheet, We and be structure XXX% quality to in robust all the the levels. operate rock to of breakeven able returning fair with premium income think generate with We revenues, water
with we And for open that, Operator? questions. up
