Q3-FY26 · Shiva Kumar
If you are making significantly more current yield on the ships at today's prices, we would be looking at investing more.
The Great Eastern Shipping Company · tone and specificity signals across the available quarters.
Language signals
If you are making significantly more current yield on the ships at today's prices, we would be looking at investing more.
We are waiting for that opportunity. And yes, it is not a great situation to have so much of our balance sheet in cash. But it's hopefully it's temporary.
Historically it says that you're better off being spot and that's what the strategy we largely keep in mind.
This is our best ever quarter in terms of profits. It is also the best ever year in consolidated profits.
We predominantly remain spot. Opportunistically we do take time charters but from what we have seen, spot rates tend to outperform time charter rates.
Current yield is a bit of a trap. We've bought when current yield was close to zero.