Quote Originally Posted by Geoff Parkstone View Post
Interestingly hes just raised a huge amount of money via an IPO in Norway I think to invest loads in oil tankers... not sure if thats a great strategy as of today, but its mostly for newbuilds that wont be delivered for a while yet. However with 10% of world trade going through Hormuz (or rather not now) demand may be slumping unless a few get blown up. Maybe he will divert the funding into Forest as thats another sinking ship - boom boom Mr Derek.
Well there is another route that can and will be used if the conflict continues, so prices will rise which might temper demand but doubt it will slump.