Foresea released its 2024 second quarter results today. The backlog at the end of the second quarter amounted to $1.4 billion, with our fleet contracted for an average of 2.4 years. With all the fleet contracted and operating, while progressively moving into new contracts with better dayrates, Foresea achieved an Adjusted EBITDA margin of 38% this quarter and a Net Debt/ LTM Adjusted EBITDA level of only 1x.
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