OSLO, Norway, May 28, 2024 /PRNewswire/ --  Highlights  Strong operating revenues of USD 147.5 million. EBITDA was USD 96.1 million, compared to USD 141.4 million in Q1 2023. Adj. for non-recurring items, EBITDA was USD 96.3 million compared to USD 110.7 million in Q1 2023. Profit for the period was USD 76.5 million. Adj. for non-recurring items, the profit for the period was USD 76.7 million compared to USD 88.9 million in Q1 2023. Adj. EPS was USD 0.17 (Q1 2023: USD 0.20) and the Board has declared a quarterly recurring dividend of USD 0.13 per share. Average TCE was USD 27,452 per day in Q1 2024, compared to USD 30,989 in Q1 2023. Fleet utilization was 98.9%, up from 97.1% in Q1 2023. Subject to certain assumptions, the financial guidance for 2024 has been increased to operating revenues in the range of 475-490 million (previous: USD 435-470 million) and EBITDA in the range of USD 280-305 million (previous: USD 240-280 million). As at March 31, 2024, the Group's fleet consisted of 56 vessels, with an aggregate capacity of approximately 126,035 TEU. Commenting on MPCC's results in the first quarter, Co-CEO and CFO Moritz Fuhrmann said: "MPCC delivered robust operational and financial performance in the first quarter. Our revenues were bolstered by high utilization, driven by the rescheduling of several dry-docks to the latter half of the year. We maintained a strong balance sheet, operating with low leverage of 13.2% and with net debt of negative USD 22.4 million at the end of the quarter, reflecting our commitment to maintaining financial strength and strong liquidity. We also remain committed to providing strong shareholder returns. The Board has declared a recurring dividend of USD 0.13 per share for the ...