The Group has a strong liquidity position, which represents a significant positive factor for maintaining the Company’s creditworthiness and financial stability. Available cash balances in bank accounts and deposits totalled US$267.6 million at the end of 2018, which is in line with the Group’s cash management policy. The Group also had unused revolving credit facilities of US$76.0 million and available special-purpose credit facilities for new builds of US$360.2 million. Thus, the Company’s current liquidity as at 31 December 2018 totalled US$703.8 million. The Company’s liquidity at the end of 2018 fully covers the current investment commitments under the existing shipbuilding programme for 2019 amounting to US$341.1 million.