NNA Karen F. owns it....touted it yesterday and today
Karen F owns GLNG..she was talking to Wilbur Ross about it last night
Own GLNG NNA and GASS
Wilbur Ross was on FM today....He and Karen were talking kind of off air. I had to go back a couple of times to hear what they were saying about LNG tankers. Wilbur thinks Obama will give out some of the 16 permits to export natural gas. Karen said GLNG...he liked it.
Karen Owns NNA which is a Product and Chemical Tanker co. She seems to own GLNG becuase she was happy he "loved" it. He likes Product and Chemical tankers too. He thinks the Dry bulk tankers will turn up sometime in 2014
GASS is an LPG tanker which are designed to carry mainly butane, propane, butadiene, propylene, and are also able to carry anhydrous ammonia. All gas cargoes are transported in liquid form. LPG has a beautiful fleet. LPG carriers are
LPG Production Growth & Shortage of LPG Tanker Capacity
"The nation is in the midst of an oil & natural gas drilling boom that is expected to last for years and advanced recovery methods (fracking) are helping production soar. U.S. LPG shipments rose 33% last year and annual U.S. shipments will reach 12 million metric tons by 2015, more than doubling 2012 levels. There are no pressurized ships available in the U.S., and while there is a worldwide glut of crude oil tankers, there is an acute shortage of LPG pressurized vessels that is worsening! GASS is in the process of purchasing 5 additional pressurized ships to address increased demand for LPG transport services that is being fueled by recent U.S. Coast Guard regulation changes allowing the shipping of LPG from U.S. ports.
GASS has no publicly traded peers, so it is essentially a pure play in the rapidly expanding LPG ocean transportation service sector, and it is well-positioned to respond to the increased demand for its services."