Recent

% | $
Quotes you view appear here for quick access.

Frontline Ltd. Message Board

nikkorott 153 posts  |  Last Activity: 9 hours ago Member since: May 15, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • nikkorott nikkorott 9 hours ago Flag

    When I was in our entire Dispursing (Pay Clerks) Dept. was Phillipino. It was freaking people out because they would go in with a question regarding their pay and everybody was speaking Tagolog.

    I suspect there's more to it than this; "After entering military service, foreigners are eligible for expedited U.S. citizenship.". This would imply all you had to do was get through boot camp without regard to type or duration of your discharge.

  • nikkorott nikkorott 12 hours ago Flag

    Hi Dan,

    It's nice to see that you have a broader view than Trump does regarding immigration. While you have your mind on the subject let me throw another scenario at you. The US military has long allowed certain nations to let their citizens to enlist. While I was in if those folks retired after a 20 year enlistment the were given residency and quite possibly citizenship. I forget if they got the full ticket. I know that there is still some sort of program that allows this but now with our reduction in ranks we are sending decorated personnel back to their home countries. This is another one of those squishy situations. I don't think it's right but at the same time what duration of time enough?

    Immigration is a complex problem. I don't mind Trump bringing the subject up. The problem that I have with what he's doing is insisting this complex problem has a simplistic solution. It just doesn't.

  • nikkorott nikkorott 12 hours ago Flag

    I suspect that Mr. Lagoon440 has never cleared customs. That's to bad because that's a far too nice a boat to be a dock-o-mineum. Why didn't you just buy a houseboat? Bargeismyoffice is still a nice name.

  • nikkorott nikkorott 12 hours ago Flag

    Here's another question for you. Can you tell me any countries that don't have immigration issues?

    Here's another question for you. If a person is kidnapped, should they be held responsible for rent on the place they are being held? That's basically what you're saying to those minors who have lived their entire lives in the host country. The solution is generally a lot easier if you're talking about some one who has only been in the host country for a short period of time. When you start talking about some one who has spent over half their life there, the solution gets squishier.

  • http://finance.yahoo.com/news/saudi-arabia-refinery-expansion-plans-160439976.html

    And this is why FRO2012 has product tankers.

  • Reply to

    Can Trump get the GOP nod?

    by lakeed98 Aug 28, 2015 11:32 AM
    nikkorott nikkorott Aug 30, 2015 7:17 PM Flag

    Joe Bauers would think this is nuts!

  • "In a rare cargo movement, trading house Trafigura has chartered newly built VLCCs to move gasoil from South Korea to West Africa, traders and shipping industry executives said Thursday.
    Gasoil typically moves on clean medium and long range product tankers carrying up to 90,000 mt parcels across the globe and it is rare for this commodity to be transported on VLCCs, which are used to carry 2 million barrel-cargoes of crude and fuel oil.
    Trafigura has taken at least two mint-fresh VLCCs for gasoil loading next month on the South Korea to West Africa route, brokers said. It is expected to take more VLCCs for the purpose, they said.
    While a Cosco Dalian VLCC has been taken for around $2.55 million, another supertanker was chartered from Navig8 for around $3.15 million, they said.
    “The rate is similar to an LR2 rate [for South Korea to West Africa], so if they can fill up the VLCC it will be very cheap,” said a chartering executive with a global trading company.
    “They may not be able to fully load the VLCC, maybe 70%-80%, but that is [still] going to be equivalent to three LR2 tankers,” an official at an LR2 owner said.
    Brokers said the cargo size will be anywhere between 150,000 mt and 270,000 mt.
    Cont;"

    Source; Platts

  • nikkorott nikkorott Aug 27, 2015 9:58 AM Flag

    FRO (Frontline) has 2 types of crude tankers, VLCC & Suezmax. FRNT ( Frontline2012) has those and 2 types of product tankers, LR2 & MR.

  • Reply to

    Conference call

    by nikkorott Aug 26, 2015 1:00 PM
    nikkorott nikkorott Aug 26, 2015 11:04 PM Flag

    "Norwegian tanker group Frontline on Wednesday said it was targeting acquisitions and other opportunities and was more bullish on the tanker market going forward.
    CEO Robert Hvide Macleod told Platts by telephone: “I believe that the next five years will be significantly better than the previous five years,” he said.
    Frontline said in its second-quarter results it had seen a slowdown in the tanker market in the last weeks, but was now in a position to start returning cash to shareholders as quarterly dividends as soon as the merger is completed.
    Macleod told Platts that the company would in future be targeting both acquisitions of vessels and of companies, but would not elaborate further."

    Source; Platts

  • Reply to

    Conference call

    by nikkorott Aug 26, 2015 1:00 PM
    nikkorott nikkorott Aug 26, 2015 6:22 PM Flag

    A lot of questions being asked on this board were answered today on the conference call. As an example, the merger won't be completed until the 4th quarter. Once the merger is completed then the board will be looking a dividend. They also briefly discussed thier strategy post merger. One thing that I found interesting was something they referred to as "forced storage" where the crude is bought and the charter hired but the crude hasn't been sold upon arrival to port. In some cases they find themselves in this "forced storage" for weeks at a time.

    The webcast is about 30 minutes long. You can find it on the Investor Relations page on their website.

  • nikkorott by nikkorott Aug 26, 2015 1:00 PM Flag

    Did any of you folks listen to the conference call? I didn't get a chance to. I guess contango was asked about though.

    http://www.bloomberg.com/news/articles/2015-08-26/tanker-owner-frontline-says-traders-ask-for-oil-storage-options?cmpid=yhoo

  • Reply to

    Republicans and economics

    by nikkorott Aug 25, 2015 5:15 PM
    nikkorott nikkorott Aug 25, 2015 5:57 PM Flag

    Barber, you better watch out or your normally liberitarian tendancies are going to go all sorts of keysian.

  • They can't even rig the deck and get the numbers they want.

    http://news.yahoo.com/u-tax-cuts-dont-pay-themselves-republican-appointed-201552799--business.html

  • Reply to

    Predictions for tomorrow after ER

    by rami36 Aug 25, 2015 12:57 PM
    nikkorott nikkorott Aug 25, 2015 3:16 PM Flag

    My prediction, and I've stated this before, is they'll have a special dividend of Golden Ocean shares and 2 cents. I'm hoping they'll also be able to do a buyback to retire some of the shares outstanding. That will depend on the liabilities they're picking up with the merger.

    It's going to interesting for sure. I'm wondering if they'll mention opening crude exports from the US in their outlook statement.

  • Reply to

    Impact from Tianjin blast

    by jjpcat Aug 24, 2015 5:53 PM
    nikkorott nikkorott Aug 24, 2015 6:55 PM Flag

    The last I heard regarding Tianjin was that it's going to be closed for awhile. They still haven't be able to get an assessment on what they're looking at. Until they have that they won't know what sort of clean up will be needed or repairs to be done. From what I've seen, which is admittedly limited, Toyota is probably the most open about the situation.

  • Reply to

    Trump Appeal

    by rogere1946 Aug 17, 2015 12:27 PM
    nikkorott nikkorott Aug 24, 2015 6:50 PM Flag

    Keembo,

    Argueing with Rails is a pointless exersize. He gets his information from sources beyond the non-fiction section of the bookstore.

    Here's Exodus21-22; ( If men strive, and hurt a woman with child, so that her fruit depart from her, and yet no mischief follow: he shall be surely punished, according as the woman's husband will lay upon him; and he shall pay as the judges determine.) so basically if a man causes a wife to miscarry her pregnancy, the husband can go to arbitration to get compensated. That's for a wanted pregnancy. I'll leave it to you figure out what the penalties would be if the husband didn't want the child.

  • Reply to

    Trump Appeal

    by rogere1946 Aug 17, 2015 12:27 PM
    nikkorott nikkorott Aug 20, 2015 7:10 PM Flag

    Rails,

    I figure that you're between 75 - 80 years old. You retired from the navy in your mid 40's. I think you were an officer probably via ROTC. The "Guberment" gave you enough work experience to start another career. You used the VA for your home loan and even with all the griping about "Obamacare", you use the single payer healthcare through the VA.

    I think that both you and your son use this name for your posts. Am I getting close?

  • Reply to

    Trump Appeal

    by rogere1946 Aug 17, 2015 12:27 PM
    nikkorott nikkorott Aug 20, 2015 3:27 PM Flag

    It cracks me up to hear folks who are feeding off of the government teet ranting about "dependencycrats". Do you blush when you cash those checks or do you have direct deposit?

  • Reply to

    California

    by lakeed98 Aug 12, 2015 4:51 PM
    nikkorott nikkorott Aug 14, 2015 2:30 PM Flag

    Hi Rails,

    I only ask about Scripps because there's a slight possability we know each other. The guy that I'm thinking of was in the Merchant Marines. Does that fit?

    California does have some electricity generation issues. At the moment there's LOTS of fluff in the system. This weekend is going to triple digits heat wise. I'm either going to basteing myself in the river or watching the power load to see if we get close to brown outs.

  • Reply to

    California

    by lakeed98 Aug 12, 2015 4:51 PM
    nikkorott nikkorott Aug 14, 2015 10:54 AM Flag

    Rails,

    So basically gas or electricity prices won't come into the equation regarding where you live. My recollection of Japan was their services were very expensive.

    Do you live in Scripps?

FRO
2.66-0.04(-1.48%)Aug 31 4:06 PMEDT