Commercial outperformance in challenging times HIGHLIGHTS • Operating income of USD 33.6 million (Q1 2019: USD 31.1m) • EBITDA of USD 4.9m (USD 10.1m) • Net result of USD 0.2m (USD 2.5m) • Net TCE earnings per ship of USD 8 636 per day versus BSI index of USD 6 232 net per day • …