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Nordic American Tankers Limited Message Board

  • strum_this strum_this Dec 9, 2011 8:45 AM Flag

    Orion tanker pool

    Interesting development. I wish more details had been included in the note to shareholders. Now it leaves us to speculate what this means, who benefits, and what those benefits are.

    The context was discussion of operating costs and how maintaining a homogeneous fleet maximizes operating efficiency. It sounds as if perhaps FRO is handing over management of their suezmax fleet to NAT, presumably in exchange for an operating fee. I would love to know the details but I guess we have to wait.

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