Chartering Strategy

We will trade our vessels primarily in the spot market in the coming years. Our strategy is driven both by our view of a strong tanker market, as well as a desire to capture the full benefit of lower fuel oil costs afforded to us by our eco, scrubber-equipped fleet. For 2019, we anticipate that 52% of our available vessel capacity will trade in the spot market, with this figure increasing to 70% in 2020. Our focus is thus on executing our chartering strategy and fully capturing the fuel savings we expect our fleet to generate.

Monetization Strategy

We are committed to crystallizing value for our shareholders via a clear monetization strategy: selling vessels at an opportune time in the cycle and implementing a full dividend payout policy upon delivery of our newbuildings.