Quote Originally Posted by OSA View Post
Quote Originally Posted by abrown83 View Post

Yes, you need to hold

I only come up with two logical answers. They will continue to use the ships as storage or demand picks back up and ships start moving oil again.
Forgive my ignorance, wouldn't that be a bad thing?
No it's actually better, there's such a glut of oil that they are paying the ships to sit off the coast and store it.

So they are getting the daily rates without having to burn any fuel by actually having to move product.