Winter: Tankers. Summer: OSV's.

Yes, it's that simple

One of the advantages of focusing on oil tankers and offshore service vessels is that their seasonality is so different:

• Q4 and Q1 tend to be the strongest for oil tankers

• Q2 and Q3 tend to be the strongest for OSV’s

So while I currently hold a large, concentrated allocation in oil tankers, I am studying what opportunities might be around the corner for the Spring, in OSV’s.