Including the product tankers and the Aframax and the new buildings of our fleet, the average age falls to 10.5 years. We continue to believe that within our core sector this gives us a competitive advantage, as younger ships have less operating expenses, consume less bunkers and are more appealing to blue chip charters, and that is a factor would be very important as we move forward into 2012 and beyond.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts