that's the problem with the secondarys a lot more shares make it harder to pop like in past. But it will come in time. cramers pumping too early didn't help. those investors probally got burned and wont be coming back.(possible tax loss sellers) A few things could make pop.
-Nordic Offshore IPO.( the fixed two more of psv ships to statoil)
Sentiment: Strong Buy
the Gemini tanker pool they have a pre determined cut? so it doesn't matter who gets fixtures? ive seen a lot of pool participants fixing.
Sentiment: Strong Buy
well hes saying there is two year window for shortage of ships for expected cargoes. after that more ships will be coming on the water. this is all speculative in nature. a bad harvest or something could always alter this
boom! they got a ws 140 voyage yesterday for a shorthaul north sea to north sea. and a ws 95 waf to brazil. so we can confirm it translating into earnings. if they 15% short this stock are drove out this thing should really pop.
Sentiment: Strong Buy
yes ceo said products is really crowded on last cc. i still like the idea of coated aframax but need to get going asap and move to another yard. dont they own the one spirit design?
Dec. 13 (Bloomberg) — Shipping is at the start of a two-year rally, led by advancing rates to haul coal, iron ore and grains, as fleet growth slows and China’s strengthening economy boosts cargoes, Morgan Stanley said.
Demand for ships will expand at a faster pace than vessels in 2014, the first time in six years that will have happened, New York-based analyst Fotis Giannakoulis said in an e-mailed report today. He upgraded estimates for the industry to “in- line” from “cautious,” and said demand for ships to haul everything from iron ore to grains will benefit most.
The more positive forecast mirrors wider predictions by shipping analysts that the worst of an industry rout is ending. Rates for 10 out of 11 commodity-carrying ships will advance next year, led by a 53 percent rally for Panamaxes hauling coal and ore, according to the averages of more than 50 analyst estimates compiled by Bloomberg News.
“We see a 12- to 18-month window to play the cycle,” Giannakoulis said. The industry’s recovery will last two years after which vessel supply will quicken again. The rally favors owners and operators including Diana Shipping Inc., Safe Bulkers Inc., Knightsbridge Tankers Ltd., and Star Bulk Carriers Corp., he said.
While China’s economic expansion will slow to 7.5 percent next year, the weakest since 1990, its growth will still be more than three times the global average, according to economist estimates compiled by Bloomberg.
Fleet growth will decline to less than 5 percent next year and lower than 4 percent in 2015, Giannakoulis wrote. That compares with demand expansion of as much as 6.5 percent in 2014 and 5.5 percent in 2015, he said.
Rates for Capesize ships that transport iron ore averaged $25,970 a day since the start of October, on course for the highest quarterly average since the end of 2011, according to data from the Baltic Exchange, a London-based publisher of freight prices on more than 50 trade routes. Earnings from the largest crude oil tankers are close to the highest in 3 1/2 years, the data show.
I think the most likely outcome would be a raise to .04-.05 for next year. teekays own forecasters don't expect it to last for next year. I'd rather see them acquire more ships either from outsiders or dropdowns from parent. That is unless the stx order is gonna go thru. They need to order something before shipbuilding rates begin rising again.I don't think its prudent to pay out the windfall. I'm in this for long haul I can wait, adding more ships now will mean higher payout later.
$10 is doable considering how scorpio bulkers has priced and they don't even have any ships on water and already over 1 billion market cap!
looks like 7 vlccs will be similar to what happens with dorian lpg
A third Scorpio public company may soon be in the works on the heels of fast-growing Scorpio Tankers and this week's Scorpio Bulkers flotation in New York.
A new Scorpio company would take charge of Scorpio's investment in the VLCC sector, where seven units already are on order in South Korea.
The idea has been floated by existing investors in Scorpio Tankers and is under consideration, Scorpio president Robert Bugbee confirmed when contacted by TradeWinds after Scorpio Bulkers began trading on Thursday.
"Yes, investors have shown their enthusiasm for both the crude sector, and to maintain the pure play of (Scorpio Tankers) following the spinoff of our gas fleet into Dorian," Bugbee said, referring to Scorpio's sale of 11 very large gas carrier (VLGC) newbuildings to Dorian LPG.
Without the VLCCs, Scorpio would revert to a pure focus on products carriers, with one of the world's largest fleets.
Scorpio Tankers has rapidly grown to a $2bn market capitalisation. Scorpio Bulkers will raise up to $325m more in New York after snapping up $850m worth of equity in the Norwegian marketplace. And now, good things may come in threes.
"No decision has been made. We listen to the wishes of our shareholders," Bugbee added.
However, the thought process appears to be far enough along that Scorpio already has a stock ticker symbol in mind. Its choices have been interesting: "STNG" in the case of Scorpio Tankers and "SALT" for Scorpio Bulkers.
The crude division would be known as "SCRU."
happens every year but nothing like this. last year wasn't above operating costs. we now are at almost 4 times operating cost of 12,000 and 22,000 to pay div from cash flow.
Sentiment: Strong Buy
Can you copy and paste where it says that? I thought when they bought out Scandic American shipping that is no longer the case, and that's y he buys on every offering?
gotcha. I don't think they should hold onto them to long. or look for a fixed rate deal. rival firms have already begun ordering new vlcc. scorpio has ordered up to 7 vlccs, dht for 2. and there is more from unidentified buyers. they are gonna kill a recovery imo.
on the foreclosed vlcc does pervious owner still have claim or are they teekays 100%? not sure how that works. I originally thought that once teekay recoup their investment it would go back to previous owner.
they arrange these things ahead of time. morgan Stanley im sure talked to all their clients. see what kind of demand there was. they keep going lower until there is demand. there is so much money supply in the system right now it seems endless the amount of offerings these shipping companies can raise.
Its a good investment imo platform supply vessels are in big demand to service oil platforms. This new company will pay div most likely and will come back into Nat and be passed thru to investor. As well as management of vessels. He could also give shareholders shares of new company. Herb being largest shareholder of Nat would ensure a significant share of nao. Either way this should increase book value of Nat.