Looks like the last VLCC, Mayfair, has been sold.http://www.hellenicshippingnews.com/News.aspx?ElementId=d8d2...The restricted cash probably covers the four Capes for a year. Excluding what the company nettedfrom this sale, the company has $65M - $75M and access to a credit facility to rebuild thefleet. I don't think there will be many deals between Christmas and New Year, so that leavesnext week.
Looks like the last VLCC, Mayfair, has been sold.But what was the sales price? It looked blank to me.
But what was the sales price? It looked blank to me. The Russians are still converting the Roubles to $$$ ;)I figure VLCCF will make at least scrap, $16M - $18M. My guess is $20M - $23M.
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