FilingReader Intelligence
Stainless Tankers Q2 net income falls to $2.8m
August 6, 2025 at 02:03 PM UTC•By FilingReader AI
Stainless Tankers ASA reported Q2 net income of $2.8m on $9.0m revenue, down from $4.4m and $11.9m respectively in the prior quarter.
The decline occurred despite average net TCE rates rising to $17,773/day from $16,922/day, as 131 off-hire days including scheduled drydock and repairs reduced vessel utilization to 80.1% from 92.1%.
The company declared a dividend of $0.275/share payable September 2nd.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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OSL:STST•Oslo Stock Exchange
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