The DryShips spin-off plans to purchase three more tankers with proceeds from an initial public offering (IPO) in New York but some think this transaction will be the first of many.
In a note to clients Erik Nikolai Stavseth, an equity analyst at Arctic Securities, argued that the acquisition will mark the beginning of a broader expansion initiative.
“The key focus on Tankships is in our view the long list of additional vessels that could end up in the company,” the forecaster said.
Stavseth
