Replies to post #852 on Stocks that Float: TANKERS & DRY BULK SHIPPERS (SHIPPERS)

[xanadu90]

Hello Milner,

I have been travelling and having vacation (!), so I have not paid much attention to the markets. I have not heard anything special about ITCL, but it is quite possible that JF is considering selling tankers. That popped in mind, when FRO did not distribute more ITCL shares in last quarter report. I'll try to find more information

First half of the year was much stronger that expected in the tanker market, especially in VLCC's.

Take a look at VLCC, Suezmax and Aframax first half summaries:

http://www.mcqservices.com/

(Must log in but it's free!)

[xanadu90]

Here it is! Let's wait and see for what follows.
It's still only a rumour, but something must be happening.


TradeWinds:

"Ready to sell?

John Fredriksen would offload Frontline spinoff with buyers getting a dollar for 50 cents, top analyst says.

Independent Tankers Corp (ITC) is in prime position for a takeover after its spinoff from John Fredriksen’s Frontline failed to meet expectations, a leading analyst says.

, 09:54 GMT, 11 September 2008"