That is the view of analyst Intercapital, which says the Tankerska Plovidba spin-off has two vessels lined up with its IPO proceeds of $31m, raised in Zagreb last week
Another ship was potentially due to arrive in July, but the IPO fell short of the $40m it was aiming for.
Intercapital said: “We expect TNG to generate a stable net cash flow from operating activities, which should amount to between $9m and $20m throughout the projected period and should ensure regular operations and meeting of liabilities.”
TNG
