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Company: General Maritime (GMR)
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  High oil prices are a negative for oil shipping

High oil prices plus global economic slow down could lead to reduced worldwide oil consumption and reduced demand for oil transport.

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  "Spot market is the most profitable one, and this company doesn't play there"

Profits are key in the tanker industry - they allow companies to pursue opportunistic investments without restriction. Because GMR does not participate in the spot market as aggressively as its competitors, their income will not grow as quickly and they will not be able to take advantage of as many opportunities.

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1 votes

  Spot market is the most profitable one, and this company doesn't play there

Profits are key in the tanker industry - they allow companies to pursue opportunistic investments without restriction. Because GMR does not participate in the spot market as aggressively as its competitors, their income will not grow as quickly and they will not be able to take advantage of as many opportunities.

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