Annual Report

Overview

The report describes a difficult 2024, with consolidated total revenues and other income of USD -10,124 thousand and a net loss of USD -11,871 thousand, reflecting weaker tanker-market performance. The company reports a three-person year-end workforce and no injuries or accidents during 2024. Its CSR disclosure describes ongoing supplier and business-partner due diligence, with no actual or potential adverse human-rights impacts identified. The group also received an Enova grant of up to approximately NOK 100 million for two CSOVs, although the project was on hold because of market conditions.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: Ends 31 December 2024
Publication date: 10 April 2025
Language: English
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