Angeliki Frangou: I mean we see quality counterparties. I mean we see top-end users that they like this kind of vessels. We are talking about by replacing this, getting the older vessel out and getting these new MR2, we have substantially reduced cargo footprint, less consumption. So, this is — we see a high demand for quality price. And securing this specification, I mean we think that we will be able to fix on these vessels, the second two vessels, in attractive charters, not necessarily to the same counterpart, but we are not eliminating that possibility.
Omar Nokta: Okay. Got it. And then maybe just finally on just the overall, you have the newbuildings in the container ships. And in the tankers, you just took delivery of your final Cape newbuilding. In terms of further new buildings as opportunities arise, do you think there’s something to do in drybulk? Or do you look maybe to perhaps balance out the portfolio that given that is where your biggest footprint is, at least in terms of vessel count? Or is drybulk also an opportunity for newbuildings if there’s — if you see things that makes sense?
Angeliki Frangou: Efstratios always have this nice graph in the past where basically the newbuilding prices are on drybulk and [Indiscernible] at this point. We have — but we are always open on possibilities of vessels, investing in the water. We are looking and we are doing our math all along on every segment. We are trying to be as disciplined buyer. Don’t forget we bought over 10 drybulk vessels, which we already have completed and put them on charters — five-year charters. And that was done — the last one was in this quarter, I think. So, basically, this is the position we already have taken, and we did it — we have [indiscernible] since in 2020 also — some time ago, 2021.
Omar Nokta: Yes. Okay. Very good.
Angeliki Frangou: [indiscernible]
Omar Nokta: Yeah. Definitely. Okay. Well, thanks Angeliki. I’ll turn it over.
Operator: Thank you. [Operator Instructions] And our next question will come from Chris Wetherbee with Citi.
Unidentified Analyst: Good morning, good afternoon. It’s Rob on for Chris this morning.
Angeliki Frangou: Good morning, Rob.
Unidentified Analyst: Could you give an update — good morning. We’ve seen some nice uptick in terms of the [freighters] (ph) pricing Mainland China to U.S. West Coast in the past couple of months. We’ve also seen a little bit of an improvement off some lows in terms of Mainland China to Europe. Could you give us an update in terms of what you’re seeing within your customer base as we think about peak and looking out to next year for the container market?
Ted Petrone: Right. So, our view is a bit more macro that we’re watching the different routes. It’s a — some are up, some are down. You can see the average on the SCFI that we talked about has been pretty good. The U.S. consumer continues to surprise a bit. Remember, we’re leasing out these ships to the other charters who are looking at the end users. We see a lot of — there’s some newbuilding overhang, right, but on the lower sizes, below 13,000 deadweight, I think the order book is probably half of what it is of 28%. So, we’re very confident going forward that the charterers will be looking at taking on ships. It’s like the housing market. Most of the ships have been taken, and if you’re looking to get something, there’s not much out there.
So, some of the time charter rates have been going up and so is the duration, which is a very good sign for us. But it’s a challenging year for us and for the market. But I do think you’ll see some surprise numbers. And of course, being 100% fixed, we can sit back and watch it objectively.
