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17-12-2015, 01:55 PM
Thanks for the research, Greenrookie.
Ideally, they would lock up FSL Osaka on a long term charter when rates are favourable to provide visibility of income. They do have sufficient cash to make another acquisition so fingers crossed.
The big risk is 2017 - with the exception of the Yan Ming vessels, all other vessels will be on spot rate by end of the year. So either, this is by design (management feels rates will improve) or gross incompetence.
This is a non-core stock for me. The moment charter rate dives I would probably divest. Meanwhile, I hope for further strengthening of charter rates coupled with a reinstatement of distributions in 2016.
(Vested)
Ideally, they would lock up FSL Osaka on a long term charter when rates are favourable to provide visibility of income. They do have sufficient cash to make another acquisition so fingers crossed.
The big risk is 2017 - with the exception of the Yan Ming vessels, all other vessels will be on spot rate by end of the year. So either, this is by design (management feels rates will improve) or gross incompetence.
This is a non-core stock for me. The moment charter rate dives I would probably divest. Meanwhile, I hope for further strengthening of charter rates coupled with a reinstatement of distributions in 2016.
(Vested)
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