Sunday, May 20, 2012 12:42:22 PM
Vlccf has a few ships with exposure to spot rates which will keep revenues and profits down. However, it has also long-term charters which won't expire until 2014 and beyond. This mitigates the impact of poor spot rates. If we are truly near the bottom in the spot market, we should see the dividend around the same or cut even more as the cash flow will be depressed. However, as the tanker market recovers, we should see cash flow improve and same with the dividend. This improvement may not occur for a few years down the road.
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