OceanFreight has a nice rally today is is worth taking a look at. I had some trouble getting a decent chart on OCNF action, but I see the stock moving and I like the fact that it is name to trade in our space that represents the move in the Shipping Sector. OceanFreight Inc., through its subsidiaries, provides shipping transportation services. The company specializes in transporting drybulk cargoes, which include iron ore, coal, grain, and other materials, as well as crude oil cargoes through the ownership and operation of drybulk carriers and tanker vessels.
As of March 5, 2010, the company owned a fleet of 13 vessels comprising 9 drybulk carriers, including 3 Capesize and 6 Panamax; and 4 crude carrier tankers, including 1 Suezmax and 3 Aframaxes with a combined deadweight tonnage of approximately 1.4 million tons. OceanFreight Inc. was founded in 2006 and is based in Athens, Greece.
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