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Net-Man

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Net-Man

Re: None

Wednesday, 12/27/2017 6:37:32 PM

Wednesday, December 27, 2017 6:37:32 PM

Post# of 58072
I was happy to see GE off load one of the older Panamax. Hoping that is setting the stage to get rid of 7 more of the pre-2005 ships. With the looming BWTS and sulfur rules, these older ships are not economical. He has a year or so to sell those ships and get a good price. If he can get $65-$70 million for the ships and combine that with the $125mm loans, that would replace the ships sold.
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