Risk Factors and Operational Adjustments Achieved the second-best quarterly net income in company history, driven by the strategic decision to expand the fleet to 21 vessels on the water. Capitalized on a dramatic surge in tanker rates following the closure of the Strait of Hormuz, which tightened global vessel supply and increased risk premiums. Attributed tanker outperformance to longer-haul voyages and oil trade disruptions caused by the Iran-US-Israel conflict, which pushed Suezmax rates above 200 thous ...