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16.  Commitments and Contingencies

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Commitments under Newbuilding Contracts  

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On June 22, 2026, we entered into an agreement for a newbuilding dual-fuel Panamax VLGC with a cargo carrying capacity of 90,000 cbm that is expected to be delivered from HD Hyundai Heavy Industries Co. Ltd. in the third calendar quarter of 2029. As of June 30, 2026, we had the following commitments related to the construction of the newbuilding:

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Time Charter-in

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During the three months ended June 30, 2026, we had the following time charter-in commitments relating to VLGCs:

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Operating Leases

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We had the following commitments as a lessee under operating leases relating to our Denmark office:

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Other

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From time to time, we expect to be subject to legal proceedings and claims in the ordinary course of business, principally personal injury and property casualty claims. Such claims, even if lacking in merit, could result in the expenditure of significant financial and managerial resources. We are not aware of any claim that is reasonably possible and required to be disclosed, or probable and for which a provision should be established in the unaudited interim

condensed consolidated financial statements. Also, if applicable, we record undiscounted receivables for probable loss recoveries from insurance or other parties. We are not aware of any material claim that is reasonably possible and should be disclosed in the unaudited interim condensed consolidated financial statements.