Standard Supply AS: Commercial update for November 2022

08 Dec 2022 07:30 CET

Standard Supply AS: Commercial update for November 2022

Oslo, Norway, December 8th 2022

In November 2022, Standard Supply AS (Standard Supply) achieved a utilization of
89% and effective time charter equivalent earnings of approximately USD 10,650
per day. The Company’s operating cash breakeven is around USD 7,300 per day.

Presently Standard Supply has eight PSVs trading in the UK market and one in
West Africa. Four vessels are on term business at an average rate of c. USD
15,000 per day. In November Standard Duke commenced trading in the spot market
after a successful reactivation while in early December Standard Defender
started a 140-days charter in West Africa at approx. USD 20,000 per day.

ENDS

For further information, please contact:
CEO Espen L.Fjermestad at +47 95 20 44 93
Chairman of the Board Martin Nes at +47 92 01 48 14

About Standard Supply | standard-supply.com
Standard Supply owns a fleet of nine platform supply vessels (PSVs); three
large-sized, one medium-sized and five medium-sized PSVs with 51% ownership
interest. Standard Supply will actively seek further growth opportunities and is
well positioned to capture improvements in the market with most of the fleet
trading in the spot market. The company has a clear ambition to return excess
cash to its shareholders.

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