SA Transcripts • Aug. 27, 2014
- Golden Ocean still has steam left after surging by over 100% in the last 16 months and by 36% since my initiation in August 2013.
- Acquisition of four vessels in 2014 and expected delivery of five vessels in the first half of 2015 will provide revenue and EBITDA growth momentum.
- Dry bulk shipping rates are expected to strengthen with an improving industry outlook and revenue can potentially surprise on the upside.
- Rising value of capesize and panama vessels provide liquidity cushion and increase the financial flexibility.
Jun. 5, 2013, 5:15 PMShipping magnate John Fredriksen expects the tanker market to remain depressed for at least two more years, but is more optimistic about the outlook for other arms of his shipping empire. The rig market looks strong for another three to five years, he says, which bodes well for Seadrill (SDRL), which has an aggressive growth strategy with 19 new rigs incoming. | 2 Comments
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