| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
| Revenues: |
| Voyage Charter | 33.8 | 25.2 | 24.0 | 34.3 | 26.9 | 23.2 | | |
| Bareboat | 9.6 | 16.9 | 21.8 | 24.6 | 27.6 | 29.4 | | |
| Other Income Revenues | 0.8 | 1.1 | 1.2 | 1.3 | 1.4 | 2.3 | | |
| Time Charter | 106.0 | 101.8 | 97.2 | 104.1 | 96.3 | 81.6 | | |
| Other | | | | | 2.0 | 7.6 | | |
| Total revenues | 150.2 | 145.0 | 144.3 | 164.3 | 154.3 | 144.1 | 141.3 | 132.0 |
| Revenue growth [+] | 3.6% | 0.5% | -12.2% | 6.5% | 7.1% | 2.0% | 7.1% | 8.6% |
| Voyage Charter | 34.4% | 4.8% | -29.9% | 27.3% | 16.0% | | | |
| Bareboat | -43.0% | -22.5% | -11.7% | -10.9% | -6.0% | | | |
| Other Income Revenues | -29.0% | -8.2% | -6.9% | -7.6% | -37.6% | | | |
| Time Charter | 4.1% | 4.7% | -6.6% | 8.1% | 18.0% | | | |
| Demurrage | 70.8% | 20.0% | -57.4% | 9.3% | | | | |
| Cost of goods sold | 38.5 | 32.1 | 30.9 | 40.2 | 40.9 | 40.4 | 33.2 | 26.8 |
| Gross profit | 111.8 | 112.9 | 113.4 | 124.1 | 113.4 | 103.7 | 108.1 | 105.1 |
| Gross margin | 74.4% | 77.9% | 78.6% | 75.5% | 73.5% | 71.9% | 76.5% | 79.7% |
| Selling, general and administrative [+] | 4.3 | 2.3 | 3.7 | 3.0 | 2.9 | 3.1 | 3.7 | 3.2 |
| General and administrative | 4.3 | 2.3 | 3.7 | 3.0 | 2.9 | 3.1 | 3.7 | 3.2 |
| Equity in earnings | 8.3 | 2.7 | 0.5 | | | | | |
| Other operating expenses | 56.4 | 44.8 | 48.7 | 57.1 | 49.6 | 87.9 | 83.3 | 72.8 |
| EBITDA [+] | 59.4 | 68.5 | 61.5 | 63.9 | 61.0 | 51.8 | 57.1 | 63.0 |
| EBITDA growth | -13.3% | 11.4% | -3.8% | 4.9% | 17.7% | -9.3% | -9.4% | 21.2% |
| EBITDA margin | 39.5% | 47.2% | 42.6% | 38.9% | 39.5% | 35.9% | 40.4% | 47.7% |
| Depreciation and amortization | 37.1 | 37.5 | 37.7 | 41.3 | 38.9 | 39.1 | 35.9 | 33.8 |
| EBIT [+] | 22.2 | 31.0 | 23.8 | 22.7 | 22.0 | 12.7 | 21.2 | 29.2 |
| EBIT growth | -28.4% | 30.3% | 5.1% | 2.8% | 73.5% | -40.2% | -27.3% | 37.6% |
| EBIT margin | 14.8% | 21.4% | 16.5% | 13.8% | 14.3% | 8.8% | 15.0% | 22.1% |
| Non-recurring items [+] | 44.9 | 5.0 | 1.6 | 12.1 | 6.5 | 5.6 | 8.2 | 6.2 |
| Asset impairment | 44.6 | 3.9 | 1.0 | 11.4 | 6.5 | 5.7 | 8.2 | 6.2 |
| Loss (gain) on sale of assets | 0.3 | 1.1 | 0.5 | 0.8 | 0.1 | -0.1 | 0.0 | |
| Loss (gain) on sale of business | | | 0.1 | | | | | |
| Interest expense, net [+] | 12.7 | 14.0 | 20.1 | 22.7 | 16.3 | 13.8 | 10.2 | 8.9 |
| Interest expense | 12.7 | 14.1 | 21.0 | 23.3 | 16.7 | 14.3 | 10.4 | 9.3 |
| Interest income | 0.0 | 0.2 | 0.8 | 0.6 | 0.3 | 0.5 | 0.2 | 0.5 |
| Other income (expense), net [+] | 0.2 | -0.1 | 0.0 | -0.1 | -0.4 | -1.1 | -0.2 | -1.5 |
| Gain (loss) on derivative instruments | | | | | | 0.0 | -0.1 | -1.3 |
| Unrealized gain/loss on derivatives | 0.2 | -0.1 | -0.1 | 0.0 | -0.4 | -0.8 | -0.4 | |
| Gain (loss) on foreign currency transactions | 0.0 | -0.1 | 0.0 | -0.1 | 0.0 | -0.3 | 0.1 | -0.1 |
| Other non-operating gains/losses | | | | | | | | -10.3 |
| Pre-tax income | -35.1 | 12.0 | 2.1 | -12.3 | -1.2 | -7.8 | 2.6 | 12.7 |
| Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | -35.1 | 12.0 | 2.1 | -12.3 | -1.2 | -7.8 | 2.6 | 12.7 |
| Net margin | -23.4% | 8.3% | 1.5% | -7.5% | -0.8% | -5.4% | 1.8% | 9.6% |
| |
| Basic EPS [+] | ($0.93) | $0.31 | $0.05 | ($0.31) | ($0.03) | ($0.20) | $0.06 | $0.32 |
| Growth | -396.9% | 494.1% | -117.1% | 906.4% | -84.4% | -415.2% | -80.8% | -56.9% |
| Diluted EPS [+] | ($0.93) | $0.31 | $0.05 | ($0.31) | ($0.03) | ($0.20) | $0.06 | $0.32 |
| Growth | -396.9% | 494.1% | -117.1% | 906.4% | -84.4% | -415.2% | -80.8% | -56.9% |
| |
| Shares outstanding (basic) [+] | 37.9 | 38.4 | 39.8 | 39.9 | 39.8 | 39.8 | 41.3 | 39.3 |
| Growth | -1.3% | -3.6% | -0.2% | 0.1% | 0.0% | -3.6% | 5.1% | 39.0% |
| Shares outstanding (diluted) [+] | 37.9 | 38.4 | 39.8 | 39.9 | 39.8 | 39.8 | 41.3 | 39.3 |
| Growth | -1.3% | -3.6% | -0.2% | 0.1% | 0.0% | -3.6% | 5.1% | 39.0% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |