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Subject:  VLCCF sale Date:  12/15/2012  11:30 AM
Author:  Hohum777 Number:  2797 of 3766

Looks like the last VLCC, Mayfair, has been sold.

The restricted cash probably covers the four Capes for a year. Excluding what the company netted
from this sale, the company has $65M - $75M and access to a credit facility to rebuild the
fleet. I don't think there will be many deals between Christmas and New Year, so that leaves
next week.
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