Svein Moxnes Harfjeld: If we are to buy ships in the water, they have to be of eco design. So I built 2015 or later because they have sort of superior fuel economics to their older siblings. At some point, we will also look at newbuildings. But there, we want to have more clarity on what type of fuel our space is going to consume in the future. So we are not — in no rush to order anything. And then, of course, lastly, we want prices to be more in our favor before we deploy capital. So we do think we have 23 ships in the water, all moneymakers and the company will certainly be profitable on most forecasts now only in terms of earnings. So it will be steady as it goes.
Operator: We will take our next question. Our next question comes from the line of Anders Karlsen from Kepler Cheuvreux.
Anders Karlsen: I was just wondering, you said in your comments that you see an increase in interest for your — the vessels that you fit to discoveries for period business. Are you contemplating to do additional term business or are you happy with the mix that you have between spot and term at present time?
Svein Moxnes Harfjeld: No, it’s part of our plan to build more fixed income. And because we want to build that book in a measured way and take one step at a time and liquidity is not sort of super deep, but there is an increasing number of clients now asking for term contracts and the tenants are also getting longer and rates are going up. So you should expect us to eventually build more fixed income. But there has to be the right ships, the right counterparty, the right structure, the right money and all of that. So it’s not as quickly done as fixing a spot ships.
Anders Karlsen: And any guidance in terms of what would be your ideal mix in terms of the sense of capacity and duration?
Svein Moxnes Harfjeld: So I’ll give you a simple answer. So the higher the rates are moving, the more we will be willing to fix for longer. So we are sensitive to the money, right?
Operator: We will take our next question. And the question comes from the line of Silvera from R.E. Silvera & Associates Marine Surveyors.
Unidentified Analyst: And I wanted to compliment you, we consider ourselves long-term investors. And I watched a few years ago when your long-term debt was over $900 million. And because of the way you run the company and the rates that surged back aways, you’ve brought it down to about $300 million, under $400 million, which I think is an amazing achievement on your part of good management. We as shareholders look at the $0.38 dividend and the fact that it’s 100% of the earnings as a nice and generous on your part, but we would personally like to see you issue like half of that dividend and the rest of it go again to prepayment of debt, because of the things that are going on in the interest rate markets, I don’t see interest rates going down, particularly in a hurry again and that this company gets stronger and stronger with the minimum of debt, minimizing the debt, and it will put you in that position you spoke of strategically to move when the time seems right to move, because you have a rich cash position and a balance sheet with very, very little debt.
So that’s where we’re coming from. And is there any chance that you would shift to a position of increasing the debt reduction rate?
