Indonesia, Nov. 2 -- Wintermar reports a 67.6%YOY jump in Operating Profit to US$24.7million for 9M2026 on 30.0%YOY revenue growth, supported by margin improvement from additional high-tier vessels in operation and better charter rates.

Owned Vessel Division

Owned Vessel revenue grew by 30.9%YOY to US$65.8million in 9M2026 with 2 units of additional DP vessels operational compared to 9M2025 while charter rates remained firm. Gross margin for Owned Vessels widened to 45.3% in 9M2026 compared to 40.0% in 9M2025 as there were more high tier vessels in operation this year. Fleet utilization remained stable at 60% in 9M2026 against 9M2025, although 3Q2026 utilization fell to 54% compared to 62% in 2Q2026, due to 3 high tier vessels completin...