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Shipping Business - The Ultimate High Uncertainty Business
The ultimate high uncertainty business the BLCC's go are chartered two different ways. The daily chartered rate for these ships can vary from $5,000 a day to $300,00 a day. I bought frontline at a point when the prices were at 5 or 10,000 aday and the stock had collapsed. It was trading at something like I think at about six dollars a share in 2000 2002. If I had held the stock throughout even with the recent collapse it would have been a 40 times investment from four to 160 years ago.