Revenue by Segment

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016
Handymax		120.54M	154.59M	243.95M	50.14M	105.35M
Handymax Growth		-22.02%	-36.63%	386.51%	-52.40%	-1.37%
LR2		571.42M	530.74M	570.67M	180.91M	375.59M
LR2 Growth		7.67%	-7.00%	215.44%	-51.83%	42.37%
MR		551.99M	655.90M	737.06M	262.68M	347.92M
MR Growth		-15.84%	-11.01%	180.59%	-24.50%	30.68%
LR1		-	-	11.20M	47.05M	87.03M
LR1 Growth		-	-	-76.21%	-45.93%	29.00%
Total		1.24B	1.34B	1.56B	540.79M	915.89M
Total Growth		-7.25%	-14.18%	189.00%	-40.96%	30.04%

Source: S&P Global Market Intelligence.