Five-Year Highlights

In thousand of $, except Ordinary Shares, per Ordinary Share data and ratios.

Fiscal Year Ended December 31,	2009	2008	2007	2006	2005
INCOME STATEMENT DATA
Total operating revenues	67,339	82,914	88,160	105,728	100,179
Total operating expenses	43,583	33,796	46,913	54,463	51,778
Net operating income	23,756	49,118	90,336	51,265	48,401
Net income	21,680	48,054	84,836	45,717	43,967
Earnings per common share
- basic and diluted	1,27	2,81	4,96	2.67	2.57
Cash dividend declared per share	0,25	2,75	2,50	3.60	4.55
Cash dividends paid	4,275	47,025	42,750	61,560	77,805
BALANCE SHEET DATA (at end of year)
Cash and cash equivalents	7,964	77,998	82,143	8,538	12,634
Restricted cash	10,000	10,000	10,000	10,000	10,000
Newbuildings	-	51,305	33,459	-	-
Vessels and equipment, net	344,399	187,360	201,072	267,949	285,070
Total assets	374,946	331,685	342,166	301,499	323,159
Short-term debt and current portion of long-term debt	13,960	42,560	8,960	11,211	11,200
Long-term debt	106,520	60,480	103,040	98,000	109,200
Stockholders' equity	239,710	222,305	221,276	179,190	195,033
Share capital	171	171	171	171	171
Common shares outstanding	17,100,000	17,100,000	17,100,000	17,100,000	17,100,000
CASH FLOW DATA
Cash provided by operating activities	34,562	69,687	48,186	68,653	70,128
Cash used in investing activities	(116,475)	(17,847)	65,521	-	-
Cash used in financing activities	11,879	(55,985)	(40,102)	(72,729)	(89,147)
OTHER FINANCIAL DATA
Equity to assets ratio (1)	63,9%	67,0%	64,7%	59.4%	60.4%
Debt to equity ratio (2)	0.5	0.5	0.5	0.6	0.6
Price earnings ratio (3)	10.4	5.2	4.9	8.9	9.4

Notes:
1. Equity to assets ratio is calculated as total stockholders' equity divided by total assets.
2. Debt to equity ratio is calculated as total interest bearing current and long-term liabilities, including obligations under capital leases, divided by stockholders' equity.
3. Price earnings ratio is calculated using the year end share price divided by basic earnings per Share.