For sale: Oil Tanker asking $17M

by caublestoneon 4/21/2020, 3:54:10 AM with 9 comments
  • by sympleeon 4/21/2020, 5:31:49 AM

    This bad boy holds about negative $-43,492,267 dollars worth oil.

      160,000 metric ton capacity
  times 2204 pounds per ton
  352,640,000 pound capacity
  300 pounds of oil per barrel
  1,175,467 barrels
  at -$37.00
  = profit

  • by gonesilenton 4/21/2020, 4:34:44 AM

    You can bet some not so seaworthy tankers are being put to use again...

  • by robodaleon 4/21/2020, 6:34:26 PM

    I know a few people that have ~$400K USD leisure boats, and they really are not that large. ...and this is in Iowa, USA, mind you.

    My point is...you get alot of boat for $17 Million USD.

  • by jbyerson 4/21/2020, 4:42:35 AM

    ...and if you'll accept it fully loaded, the price is $15M.

  • by chadashon 4/21/2020, 5:02:23 AM

    The problem is that the ship is in Africa. If it were docked in the US and in working condition, it would already be used for storing oil. No, you won't be able to buy this boat and get it here on time to fill it up with negative priced crude oil.

  • by ggmon 4/21/2020, 8:13:42 AM

    the USA has a very restrictive (and personally I think correctly so) maritime policy: You cannot just sail any boat there, nor can you buy goods, load or trade between ports in the USA without meeting labour and safety issues.

    So yes...but.. no.

  • by rifficon 4/21/2020, 4:28:29 AM

    do these sorts of vessels not come up for sale very often? Not sure what's so notable about this particular listing.

  • by obilgicon 4/21/2020, 5:10:20 AM

    previously discussed: https://www.reddit.com/r/wallstreetbets/comments/g4yqr4/only...

  • by nodesocketon 4/21/2020, 5:14:34 AM

    How many barrels of oil does it store?