UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
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 1950  
Subject: Re: Oct 2012 musing Date: 10/27/2012 4:37 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
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
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next


Post of the Day:
Macro Economics

Right to Work vs. Unions
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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 Glassdoor #1 Company to Work For 2015! 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.