Saturday, April 21, 2007

Tankers

Kiplinger's March 2006

Oceans of Opportunity

Aries Maritime (RAMS, $13) - 7 gasoline and fuel oil, 5 general cargo
- risk is lower rates

Arlington Tankers (ATB, $22) - high quality, low risk (sunoco, xom), low dividend
- low risk

Genco Shipping (GSTL, $17) - coal, steel
- risk is global interest rates (financed w/ floating debt tied to LIBOR)
- symbol now GNK

Seaspan (SSW, $20) - long term fixed contracts to haul Chinese goods

Teekay LNG (TGP, $30) - LNG

No comments: