What is the reason for this sale?1 - it's a step in execution of the plan to get rid of older vessels2 - it's a way to raise capital to pay the dividend, because earnings from regular operations went downWhich one is it?
These were double sided, SINGLE bottom Suezmax vessels. Part of the plan to up-grade the fleet and make a profit on the sale. I don't know the names or the terms of the charter. It could be that it was made when rates were low and future income would be at minimum.
Can you post a link that will prove that this sale was a part of a preconceived plan?
Sorry None Of the Above.Life is Good
All of the above