FROM THE PAGES OF FRESHLY MINTED

Below are some of the highlights from recent weeks of our weekly web-zine, “Freshly Minted”. If you are not a subscriber to FM, you should be. It is the only place where insight is brought to the recent ship finance news weekly and online. Check out www.marinemoney.com and get familiar with the many topics we cover each week.

FM December 14 2000
A Prophetic Call on Marine Transport Corp. as Crowley has now offered $7/share….

MTLX NEW
HIGH, SURPRISE SURPRISE
Our forecast for MTLX made in Sept. 1998 missed its mark by a year. Back then we got most of the facts straight and predicted a share price of $6 to $7 in Q4 1999:
• Increased ANS oil production does now appear likely under a Bush presidency.
• MTLX’s bids to operate ships for the Military Sealift Command under two contract were both upheld.
• Ordering of new Jones Act tankers in large numbers has not materialized as formerly excluded CDS-built ships have supplemented supply and high US building costs have moderated demand — Tug-barge units may ultimately pose the greater challenge to self-propelled coastal tankers, even if for all the wrong reasons.

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