Earnings Release • Nov 6, 2023
Earnings Release
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Commercial update October 2023
Ålesund, Norway, November 6 2023
For October 2023, Golden Energy Offshore Services AS (GEOS) achieved time charter equivalent earnings of approximately USD 19 783 per day for the 4 vessels in operation in the month. Fleet utilization was 96% and downtime was primarily related to the days from takeover of the new vessel until it was ready for the market.
GEOS had in October 2023 four PSVs in the market. Energy Passion (the second of the acquired PX121 was delivered at end of October). Energy Swan is contracted on term business with Repsol Norway, Energy Empress is contracted on term business in the Caribbean and Energy Duchess, Energy Paradise and Energy Passion are trading spot/short term with high utilization.
The market continues to improve in multiple regions and the Energy Duchess, Energy Paradise and Energy Passion are well positioned to capitalize on several attractive business opportunities going forward. Energy Paradise is firm into December 2023 at attractive levels for the time of the year and is well welcomed into the market sailing under GEOS ownership.
For further information, please contact:
Per Ivar Fagervoll
CEO
Email [email protected]
Phone +47 97428884
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