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Crude Carriers (CRU)
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CRU’s Burnside warns of potash overcapacity and oversupply
Gold Stocks Today  Mar 8  Comment 
Canada’s potash sector is a leviathan in the nation’s mining industry; it accounted for almost 30% of global supply during 2011, with the value of production that year reaching $7.97-billion, according to the Mining Association of Canada. The...
CRU’s Burnside warns of potash overcapacity and oversupply
Mining Weekly  Mar 8  Comment 
Canada’s potash sector is a leviathan in the nation’s mining industry; it accounted for almost 30% of global supply during 2011, with the value of production that year reaching $7.97-billion, according to the Mining Association of Canada. The...
Coastal Risk Underwriters Enters Alaska Homeowners Market
Insurance Journal  Aug 16  Comment 
Coastal Risk Underwriters (CRU), a member company of Insight Catastrophe Group, has launched a new preferred homeowners program for properties located in the state of Alaska.  The program, underwritten by Occidental Fire & Casualty Co. of North...
Slower growth, new mines to put brakes on iron-ore prices
Mining Weekly  Jun 5  Comment 
Iron-ore prices were likely to decline in the long term as new mines come on stream and China’s demand for steel cooled, Commodities Research Unit (CRU) senior consultant Ian Hiscock said on Tuesday. He said at a conference in Cape Town that...
Uranium Executive Forum on June 5th in New York
Commodity Online  May 30  Comment 
The forum will feature presentations by top executives from 9 uranium companies. In addition, Philip Macoun, Principal Consultant at CRU Strategies will serve as a keynote speaker during the forum. The format of the forum will consist of...
CRU's Top Ten Gold mining countries of 2011 China tops with 380 tonnes
Commodity Online  Apr 9  Comment 
China was the biggest gold producer in 2011, a report by the London based metals research company CRU states. Chinese production grew to 380 tonnes in 2011, up 11.4% from 341 tonnes in 2010.
High iron-ore price unsustainable in long term - CRU
Mining Weekly  Mar 21  Comment 
The high iron-ore prices achieved during recent times would prove unsustainable in the long run, consulting firm CRU told the Global Iron Ore and Steel Conference, in Perth. CRU’s steelmaking and raw materials consultant Laura Brooks told...
Enbridge gets nod for supertanker route
The Globe and Mail  Feb 23  Comment 
Transport Canada finds proposed terminal at Kitimat, B.C., can safely accommodate giant crude carriers if conditions are met
North Sea Forties terminal repaired, open to VLCCs
Reuters  Feb 15  Comment 
The Hound Point oil terminal in Scotland, where Forties crude is loaded, has been opened to very large crude carriers (VLCCs) as repair work has been completed earlier than planned, trade sources said on Wednesday.




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 This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company.
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Crude Carriers (CRU) (NYSE:CRU) is a transportation company for crude tankers. The company was formed in October 2009 and has entered three agreements to acquire shipping vessels. It has acquired the 2006-built Suezmax for $71.25 million and two newly built shipping vessels for $96.5 million each. The company has hired Capital Maritime to be its manager. Capital Maritime has strong ties with Exxon Mobil, Chevron, BP, and other crude oil companies. [1]

The global economic crisis has caused a sharp decrease in crude oil demand. This has adverse effects on the company since charter rates decrease and the value of the crude oil tankers decrease. [1]

The company's initial public offering of stock traded on the NYSE exchange on 11 March 2010. The proposed offer price range was $19-$21 and traded on the low end at $19. The company offered 13.5 million shares and raised $257 million. [1]

Since the company was formed in October 2009, there is no operating history. In addition, the company is composed with Initial Suezmax and its financials are readily available. In 2009, it had $16.87 million in revenue, down 56.9% from $39.17 million in revenue for 2008. It reported in 2009 a net income of $3.73 million, down 77.6% from $16.71 million in net income for 2008. [1]

Time to face the music armed with this great infroamtoin.

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