Replies to post #549 on Stocks that Float: TANKERS & DRY BULK SHIPPERS (SHIPPERS)

[xanadu90]

SDRL got a monster deal with Petrobras. Look at the chart and the stockprice, closed at NOK 145.00 = USD 29.00.

http://www.hegnar.no/netfonds/aksjekurser/

[xanadu90]

FRO over $50! Morgan Stanley has announced a cover for FRO. They maybe buying,

JF is not afraid of a glut in the tanker market. "They say" he is now out for 12 newbuild VLCC's - 4 has already been ordered with delivery in 2009-2010. In addition he has 10% of OSG. He will certainly have his say in tanker rate negotiations. If the prices go too low, he'll keep his ships in harbor.