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Eagle Bulk Shipping Inc. Message Board

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  • rrb1981 rrb1981 Apr 22, 2007 9:14 PM Flag

    rank the top 5 overall

    hannsjobb-

    I think you are correct about Top Tankers. I went to the website and tried to read all of the press releases and presentations. They monetize the ship assets, then lease them back and recharter. They are able to produce a modest amount of cash flow from these ships and redeploy into new fleet. Would have prefered that they put most of the cash back into the company rather than the large distributions, but that is history. They are left with a modest owned fleet and an even larger leased fleet.

 
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