The Company and its wholly owned subsidiaries, owns a fleet of twenty-eight liquefied petroleum gas carriers providing worldwide marine transportation services under long, medium or short-term charters.
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Some parts of the world are going to have a surplus of LNG due to demand and infrastructure issues. The real money will be in transportation. This business will pick up eventually.
I like that they cut the dividend because it means that the management has good sense and I get to buy it at a discount (70% off book).