Oslo, Norway ,November 7th 2023 InOctober 2023 ,Standard Supply AS (Standard Supply) achieved time charter equivalent earnings (TCE) of approximatelyUSD 15,400 per day, with a utilization rate of 96%. Martin Nes, Chairman of theBoard of Standard Supply , commented, "With theUK spot market currently generating betweenUSD 30-40,000 per day, there's a solid foundation for upcoming time charter negotiations. Our fleet is well-positioned to capitalize on this opportunity, as four out of seven vessels are slated to be available for new charters in the upcoming months". He further noted, "We anticipate six more vessels departing theNorth Sea by year-end, including three of which are bound forMexico . This means around fifteen vessels will have exited theNorth Sea in 2023 alone, accounting for nearly 9% of theNorth Sea fleet. Given the reduced competition in new tenders, our strategic goal is to secure several time-charters in the near future, thereby enhancing our dividend potential". ENDS For further information, please contact: CEOEspen L. Fjermestad at +47 95 20 44 93 Chairman of the Board Martin Nes at +47 92 01 48 14 About Standard Supply | standard-supply.com Standard Supply owns a fleet of seven platform supply vessels (PSVs); three large-sized and four medium-sized PSVs with 51% ownership interest. Standard Supply has a clear ambition of returning excess cash to its shareholders.
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