In May 2023, Standard Supply AS (Standard Supply) achieved time charter equivalent earnings (TCE) of approximately USD 14,900 per day and utilization of 94% based upon availability. During the month FS Balmoral had two weeks off-hire associated with a 5-year SPS. As long-term contracts are approaching unprecedented highs, focus remains on identifying attractive deals not only in the North Sea but also on an international scale.

The recent charter on the Standard Supplier showcases the strong fundamentals now playing out in the PSV market. This contract alone will increase distribution capacity with approximately NOK 0.3 per share over the coming twelve months" states Martin Nes, Chairman of the Board of Standard Supply. The company will provide a second quarter trading update and dividend proposal during July month.