Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Hohum777 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 21146  
Subject: For HP: nu vessels Date: 3/22/2013 10:51 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
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

http://www.knightsbridgetankers.com/IR/press_releases/168664...

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.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Dividend Growth Investing

Good Time for Dividend Champions?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement