EXMAR report 2025

2.1 Shipping 33 275 375 325 300 350 Source: Gibson, 4Q2025 Coaster Report 1 YR PRESS T/C - MONTHLY AVERAGE ($’000/PCM) 1 Yr T/C 5,000cbm Press West 1 Yr T/C 3,500cbm Press West Jan 25 Feb 25 Mar 25 Apr 25 May 25 Jun 25 Jul 25 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 2.1.2.3 PRESSURIZED The pressurized fleet also echoed the VLGC market in 2025, although this segment saw a more limited downside, remaining relatively firm on both sub 15,000 m³ and handy size. This year was helped by a consistent demand and little activity on the delivery and orders of newbuilding vessels. By the end of the year, the existing active fleet stood at about 450 small gas carriers within the 3,500-11,000 range The orderbook stands at 34 only. EXMAR owns 5 fully pressurized vessels, of which one vessel, FATIME, was sold at the beginning of 2026. Additionally, EXMAR has chartered 2 additional newbuilds with delivery 2027 and 2028 – the beginning of EXMAR’s fleet renewal initiative for the pressurized segment.