Re: QuadraLink Fixes Golden Ocean Trio --- from TradeWinds
Thanks for these posts. They do contain good news for JF Shipping investors.
First of course is that Golden Ocean management did charter out three vessels it manages, two belonging to GDOCF and one belonging to VLCCF (and, by extension, to its soon to be 70% owner, Frontline 2012 FRNT). More charters, more money. $
Another is that the initial article reports a nice further rise in capesize rates. This rise takes day rates over $18,000 USDs. Ka Ching, city. Perhaps this is the turn of the capesize (and overall dry bulker) market for shippers.
Or, perhaps, not.
But if the rise in day rates simply stays at this rate, it is very positive news for GDOCF and to our capesize specialist, VLCCF (FRNT).
A little good news is always welcome. Thanks. :-)