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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 1604  
Subject: Re: Oct 2012 musing Date: 10/27/2012 4:37 PM
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FWIW, commercially managing the DHT vessels would mainly add a fee-for-service type revenue stream.
It probably would add a small, safer revenue component unless FRO created some type of profit-share
component to the deal. The reason it makes some sense is that when vessels chartered to
OSG had their charters, DHT mgmt sorta opted for an easy-out and just left their vessels in
OSG pools, or scrapped the vessels. If OSG continues spiraling down, and into BK, then the easy-out
is not there anymore, and DHT mgmt need to find other options. Since DHT Eagle is a VLCC
on leaseback to FRO, it seems logical to ask them to manage other tanker vessels.

--

The NNA position in the Trading ac is gone. Closed out the position there, but still have a
token NNA stake in the Roth ac. Their charter coverage means NNA have good protection on a rough
tanker market and the ability to maintain their dividend payout (for probably at least 5-6 more
quarters).
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