ICB SHIPPING

EXCHANGE:
Stockholm

SHARE PRICE (DEC. 31, 1996):
A shares: SEK 80; B shares: SEK 79

1996 TRADING RANGE (THROUGH NOV. 26):
A shares: SEK 58 – 85; B shares: SEK 57 – 82

MARKET CAP. (AS OF SEPT. 30, 1996):
US$329,457,713

OVERVIEW
• Stockholm-based ICB operates six VLCC and six Suezmax tankers with one more on order. The vessels are used solely for the carriage of crude oil.
• All of the company’s vessels were constructed after 1990, thereby making ICB one of the world’s leading operators of modern crude oil tonnage.
• ICB’s theory is that, through superior management of first-rate tankers, the company’s vessels will receive preferential treatment from transport purchasers and will be in constant and lucrative employment.
• The company’s owned and chartered vessels are currently employed in spot market charters.

This is only an excerpt of ICB SHIPPING

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.