Stocks that Float: TANKERS & DRY BULK SHIPPERS

[Milner]

Xanadu,

I read an article about AHT tugs. The jist of this article was that in the next year over 100 AHTs are coming online and that the sector wont be able to keep them all busy. I disagree firmly with this on a couple levels. One point i would make that i believe that the sector is booming like you said and they are going to need more tugs. A second point is that alot of the tugs in use are old and are going to need to come out of service in the next few years. From what i understand these tugs were built in the 1970's and are nearing their useful service. What is your take on this and am i way off base here.

Thanks