Oslo, Norway, August 4th 2023 

In July 2023, Standard Supply AS (Standard Supply) achieved time charter
equivalent earnings (TCE) of approximately USD 17,700 per day and utilization of
99% based upon availability. 

"Our current fleet coverage extends until November 2023 with an average daily
rate of USD 18,000 per day. For our large-sized vessels, we continue to see
1-year charters providing distribution capacity of approximately NOK 0.30 per
share per vessel, states Martin Nes, Chairman of the Board of Standard Supply.

He adds, "In key regions, average term rates have increased by an estimated
10-20% year-to-date. In the North Sea, we anticipate further improvements in the
market balance as around ten vessels are scheduled to depart in the coming
months for long-term campaigns. This includes an expected allocation of three
vessels to Namibia alone". 

ENDS

For further information, please contact: 
CEO Espen L. Fjermestad at +47 95 20 44 93
Chairman of the Board Martin Nes at +47 92 01 48 14

About Standard Supply | standard-supply.com
Standard Supply owns a fleet of nine platform supply vessels (PSVs)