Replies to post #559 on Stocks that Float: TANKERS & DRY BULK SHIPPERS (SHIPPERS)

[xanadu90]

I do not know if the ITCL tankers are operating under the Jones Act, but at least part of them are flagged in Hawaii so they may have that right. I was thinking JF is after OSG to get that right. You may be quite right in your theory. JF has converted several dirty tankers to clean ones, so he is apparently assuming increase in hauling petroleum.

ITCL closed at NOK 8.75 = USD 1.75 in Oslo. Volume 216k. Can you buy your stocks directly in Oslo? If dollar continues its downturn versus krona, you will benefit from that, too.

OSG has risen nicely after JF's interest was published. FRO's today's jump MAY hint to a possible agreement about FRO/OSG.