STANDARD SUPPLY Oslo, Norway ,January 10th 2023 InDecember 2022 ,Standard Supply AS (Standard Supply) achieved a utilization of 73% and effective time charter equivalent earnings of approximatelyUSD 10,200 per day. The Company's operating cash breakeven is aroundUSD 7,300 per day. Presently Standard Supply has eight PSVs trading in theUK market and one inWest Africa . Four vessels are on term business at an average rate of c.USD 15,000 per day. Although the current spot market is yielding earnings around operating costs, term rates has continued to improve with mid-sized vessels now offered in the mid- to high teens while rates for larger tonnage starts in the low twenties according to Clarksons. ENDS For further information, please contact: CEOEspen 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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