03-03-2012, 02:34 PM
http://www.bloomberg.com/news/2012-03-01...-says.html [Article]
I found this article to be rather interesting as it seems that the shipping mogul JF is taking a massive dual-contrarian bet by divesting shares in a company dealing with oil rigs to purchase numerous product tankers. Selling high buying low ? JF is the majority shareholder of SGX dual listed Golden Ocean. Though I wonder whether it means an increased interest in newbuildings (which will increase the supply problems) or plans to attack new second hand vessels from struggling operators.
(Not vested in any shipping companies)
I found this article to be rather interesting as it seems that the shipping mogul JF is taking a massive dual-contrarian bet by divesting shares in a company dealing with oil rigs to purchase numerous product tankers. Selling high buying low ? JF is the majority shareholder of SGX dual listed Golden Ocean. Though I wonder whether it means an increased interest in newbuildings (which will increase the supply problems) or plans to attack new second hand vessels from struggling operators.
(Not vested in any shipping companies)