Hmm! ... The company ended up reporting Q4 2012 results today after all.http://hugin.info/132879/R/1676021/546100.pdfLooks like the company still owns a VLCC. It could be that the previously reported dealmight have failed. But the vessel has been classified as "for sale"- I wonder if that means itis non-operational currently. Would make sense as VLCC spot rates are quite miserable.Since the VLCC is a separate line-item on the Balance Sheet, one can surmise the book valueis inflated. Not a big issue as the debt picture is quite reasonable, plus there's somerestricted cash to cover charter issues.Maintaining the dividend is nice for shareholders. But that also depends when one purchasedshares to begin with. My numbers indicate that it is still selling under book, but somehow itstill isn't compelling enough for me.
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