OSG - OVERSEAS SHIPHOLDING GROUP I Message Board

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Non-Tech : OSG - OVERSEAS SHIPHOLDING GROUP I

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From: JakeStraw	4/12/2010 1:10:36 PM
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This Company is Just Beginning (Another) Huge Bull Run topstockanalysts.com As world economies continue to recover and oil demand increases, shipping rates have moved higher. In the fourth quarter, average charter rates earned for OSG's tankers were $37,620, a rate that trounces average 2009 rates of $26,307. Spot rates for VLCCs -- shorthand for "very large crude carriers" -- averaged $25,000 in fourth-quarter '09 but are expected to reach $55,000 in 2010, according to investment group Jefferies & Co. The firm sees rates at $60,000 in 2011

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