Large tanker scrap rates... [Energy] - MarketTicker Forums


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User Info	Large tanker scrap rates... in forum [Energy]
Asimov Posts: 104700 Incept: 2007-08-26 East Tennessee Eastern Time	This is ... well.. not good. Quote: "During the first 4 months of 2012, ~31 oil tankers have been sold for scrap… same # scrapped in 2009" Peter Evensen, Teekay's President and Chief Executive Officer http://gcaptain.com/teekay-swings-profit.... ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-05-18 04:59:14 Permalink
Peterm99 Posts: 5181 Incept: 2009-03-21 SoCal	What do you mean, "not good"? This is proof positive that the transitioning to "green" energy sources is a resounding success. The world is being saved from Global Warming!! /sarc ---------- ". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed 2012-05-18 10:54:07 Permalink
Mrbill Posts: 7905 Incept: 2008-10-19 North Carolina	Just means they will need to build replacements! Buy buy buy buy buy 2012-05-18 10:55:37 Permalink
Guydaley Posts: 15320 Incept: 2007-07-10 Wyoming only ATM Banned	Can't be sure about whether its good or not. After Alaskan Valdez accident they were proposing new laws for double hulls or some engineering change for tankers. I don't know if any of that got passed or any new changes came from that. It could be that old designs are being scrapped because there is a deadline. ---------- Its called creeping TEOTWAWKI. Just because it doesn't happen all at once doesn't mean it isn't happening. 2012-05-20 07:35:53 Permalink
Asimov Posts: 104700 Incept: 2007-08-26 East Tennessee Eastern Time	Guy: Everything that comes into US waters in double hulled now, I believe. ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-05-20 23:13:41 Permalink