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Re: gerard1 post# 12

Wednesday, 02/25/2015 1:49:11 AM

Wednesday, February 25, 2015 1:49:11 AM

Post# of 62
We just need the rates stay around this level untill the end of march, the results for Q 1 will be great.

It will be the first time in 13 or 14 quarters that the figures will not be negative.

It was a masterful move by Euronav in 2014 to expand their fleet with VLCC ships.
This allows them the not rented vessels to use as storage place so the contango is in their favor.
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