The Motley Fool Discussion Boards
Investment Analysis Clubs / Value Hounds
|Subject: For HP: nu vessels||Date: 3/22/2013 10:51 PM|
|Author: Hohum777||Number: 14000 of 18426|
Assuming HockeyPop still holds his Knightsbridge Tankers (VLCCF) shares, a Press release with
two news items.
1. Placed an order for two Capesize vessels
2. Sold the last of its five tanker vessels
The second item had been making the shipping broker reports about a month ago. This makes the
news official. So VLCCF has now exited the tanker sector and is only a dry bulk shipper.
No cost figures provided, but my guess is $45M - $57M per vessel. The yard selection is slightly
odd, a Japanese shipyard. OTOH, the company might have gotten a good deal, and the Japanese
yards are known for their quality.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|