We estimate ongoing additional crew wages in the form of hazard pay and insurance costs of about $1.6 million per month. In addition, we can expect approximately $1.8 million of additional monthly related costs related to fuel and travel expenses due to the higher global commodity prices.

May 5, 2026 / CEO / receipt, needs a key / Quentin Neen, CEO | earnings call 2026-05-05 | transcript 4636dea1-cd5f-447f-a325-b87592ad0f6a | chars 29125-29414 | segment 29

The increased revenue was partially offset by higher operating expenses related to higher salaries and travel and supplies, and R&M due primarily to an average of four additional vessels operating in the region.

May 5, 2026 / CEO / receipt, needs a key / Quentin Neen, CEO | earnings call 2026-05-05 | transcript 4636dea1-cd5f-447f-a325-b87592ad0f6a | chars 28270-28481 | segment 28

Swire Pacific Offshore's current position in the Middle East will be a natural addition to our current operations in that geography. Again, benefits from a sizable shore-based infrastructure footprint and improved operating expense management through economies of scale.

Mar 9, 2022 / CEO / receipt, needs a key / Quentin Neen, CEO | earnings call 2022-03-09 | transcript 8222b485-84a7-49ca-90f8-39ec8bcb29a1 | chars 15570-15840 | segment 15