RE: Bills to pay14 Jan 2020 17:31
I sincerely hope not.Some of those vessels are in excess of 1000 tonnes.
Reality is there a very new fleet, costing hundreds of millions. One company has already sold only a percentage of just one vessel to try and buy in at 18pps. With a assets In the many hundreds of millions and a market cap of tens of millions, it more likely a case of buying the forest than timber.