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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: Shipping tid-bits 4/21/13||Date: 4/21/2013 9:17 PM|
|Author: Hohum777||Number: 421147 of 479745|
Considering the number of shipping entities owned/controlled by John Fredriksen, is there a possibility that (in the event of a downturn) a "good firm"/"bad firm" scenario could take place? As they cross lease, costs could be transfered to a firm which would then "go down with the ship".
Certainly a possibility. SFL has vessel tie-ins with other Fredriksen backed entities.
The folks at Frontline (FRO) actually lease 22 of the SFL vessels, and manage the chartering
arrangements for a majority of the others. FRO's current problems have a lot to do with tanker
rates for the VLCC category, and the fact th