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No. of Recommendations: 1
6/9
Just saw a news release on the Metrostar newbuilds, 2 + 2 deal.
First pair deliver Sept & Nov 2016 @ $84M each
Second pair are options for newbuilds delivering in Jan & Mar 2017

http://finance.yahoo.com/news/fro-acquisition-vlcc-newbuildi...

Still somewhat surprised that FRO decided on options for vessels that deliver in less than a year.
Timing could be interesting - I wonder if FRO try and repeat the strategy of longer trades in Q4 2016/Q1 2017?
If so, the new bling needs to get all the way to the Atlantic coast on their own dime.

So now, what's the deal with the on-the-water pair of VLCCs- Aye or Nay?
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