After several challenging years due to factors out of management’s control, the refinancing this summer enabled the company to take delivery of the final 2x vessels in August while also ensuring a sufficient liquidity buffer. HKY now has four state-of-the-art vessels on a contract with the Norwegian government running through 2030. On our figures, the company should be able to ramp up utilization without any further equity injections. Once the leverage ratios start dropping to more comfortable l ....
