Since Fairplay reported June's disappointing public offering of General Maritime Corp (Genmar), the sharebroking and analyst industry has been debating tanker stocks' future, with forecasts ranging from boom to gloom. Almost as soon as Genmar's loudly trumpeted float hit the boards in New York at $18 on June 19, investors went on a dumping binge until the stock dipped below $13, wiping almost 30 per cent off the listed company's value in a week.
展开▼
