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Golden Ocean Group Limited Message Board

  • bluefin114 bluefin114 Sep 28, 2012 9:56 AM Flag

    Still no Plan Going Forward

    I said last spring that if Knightsbridge did not buy new ships or at least present a new business plan by the end of the summer, that would be a clear indication that this is not a viable investment. It is now the end of September and they have done nothing but dispose of two of their ancient VLCC's. The future for Knightbridge seems to be a slow death. Many many others in this sector are better positioned to take advantage of the recovery in rates, if it ever comes. Meanwhile, Knightsbridge seemed destined to just fade away.

 
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