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Knightsbridge Shipping Limited Message Board

  • SA1212 SA1212 Jan 27, 2011 8:20 PM Flag

    Baltic Dry 1180

    So Baltic Dry Index is very low now at ~1180, yet optimism reflected in the share price VLCCF is very high. How come?

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    • Oh yes.....true 4 are dry bulk.....my bad.....Yet this run is all on Speculation of take over.....


      The time is right for consolidation and the Big will get bigger

    • It is very Simple.....The Baltic Dry means nothing To VlCCF a Company that transports Oil not dry bulk goods.

      Dry Bulk rates are just That rates for Dry Bulk Items to be Shipped.... by Dry Bulk Ships of Which VLCCF has None.

      Now when you want to talk about Oil Rates and the transport of Oil Which is VLCCF's Business Then you will have to check all the oil transport rates ....again depending on where the oil is going the price is different.

      If You want to talk about why VLCCF is going up like crazy call it speculation of a takeover by FRontline's Owner John Fredriksen who had to file a 13d with the SEC which shows he has taken an extremely large position in VLCCF.......which has a market cap around 450mill.....

      The 8 Tankers VLCCF own is an Easy Target for The King of Oil Transpotation and a guy who is in the top 100 richest people in the World.....

    • Good point. I found this backgrounder on why rates are so low. Apparently there's a huge number of new ships entering the market -- 35 miles of capesizes and smaller ships too. http://www.bloomberg.com/news/2011-01-10/freight-rates-poised-to-tumble-as-35-mile-line-of-ships-passes-coal-demand.html

      Possibly VLCCF is well hedged by having longer charters and will do well. But there seems to be a lot of uncertainty around the shipping sector at the moment so I'm taking profit now. Bye and thanks and GLTA!

    • of the recent 50 cent quarterly divvies....made some huge money in this stock as it ran from $17 to $22.50 about 6 months ago, but have no position at present...take a look at what happened to SFL which is also connected to FRO to see how Frederison's other companies are doing...good luck to all longs, but since i got out here, i went to CQP and owned it while it ran from under $19 to over $23 and excited there... then to IVR when it went to $21.50 area (still holding some $20 naked puts as my long position there, and lately put those funds in AGNC acquired at$28.50 area and HTS at under $28 per share.....am hoping for a further pullback in energy stocks as I would like to reload the part of BBEP recently sold at $22 per share if it slides back to $21 area or lower.

 
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