Knightsbridge Tankers – 20/20 Hindsight?

As part of our ongoing effort to assist the development of the relationship between the international shipping industry and capital markets, Marine Money recently announced a strategic partnership with Tridens LLC called Marine Securities Analysis (“MSA”), to produce independent research and advice on securities issued by companies in the marine transportation sector. We believe that recent events with Knightsbridge Tankers Limited (Nasdaq symbol “VLCCF”) point to the relevance and value of MSA.

The recent drop in VLCCF’s share price following the announcement by Shell that it would not exercise its option to extend seems in hindsight like an obvious and predictable outcome. But that was apparently not the case before the fact.

We are pleased to print the following analysis on VLCCF produced by Tridens LLC five months ago as evidence that at least one source of research had correctly assessed the situation, and had provided in-depth analysis and rationale to back it up. While many will disagree with Tridens’ outlook on the tanker market generally, its identification of structural flaws in VLCCF appears to have been spot-on. It is also interesting to note that at the time, no Wall Street firm was covering the stock, pointing to both the general importance of research and to the particular value of independent, in-depth analysis.

–Matt McCleery President, Marine Money

This is only an excerpt of Knightsbridge Tankers – 20/20 Hindsight?

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post