Investor Presentaiton

VLGC Spot Rates Baltic VLGC Daily Spot Rates $150K $135K $120K $105K $90K $75K $60K $45K $30K $15K Baltic TCE/Day السات Rate Commentary Houston-to-Chiba is currently at $142 PMT, while Ras Tanura- to-Chiba now stands around $83 PMT Fleet Utilization Averaging Above 90% in 2022 100.0% 96.0% 94.7% 92.8% 92.4% 92.3% 90.2% Robust growth in Asian demand from rescom and petchem sectors continue to support flows from the West to the East, growing ton-mile demand 90.0% 87.7% 80.0% Baltic spot rates have averaged $53,491/day QTD vs. $102,019/day during the quarter ended December 31st, 2022 70.0% 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Source: Baltic Exchange, E.A. Gibson Baltic rates as of January 27, 2023 222

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