Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Stalwart Tankers Should Delay Their IPO Indefinitely

Who is Stalwart Tankers Inc.?

Stalwart Tankers Inc. (Pending:STST) is a company recently organized to own and operate a fleet of mid-size stainless steel chemical tankers. They provide marine transportation services to chemical companies, oil majors, national oil companies, and oil and chemical traders. Their vessels are used in the global transportation of organic and inorganic chemical commodities, vegetable oils and animal fats, and a range of other specialty liquid products.

What do they do, and how to they expect to remain competitive going forward?

The first part of this question is easier to answer than the second, so we'll start there. STST was recently formed to create a fleet of stainless steel tankers, mainly engaged in the...

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