Can anyone help with Pavels' excellent question?

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Pavel SosnovskySeptember 14, 2014 at 3:37 AM

Hi!

Tell me pls something like 'del Canakkale via BlSea redel EMed - 6k daily' can be automatically considered as DOP rate? I mean if the owner finished his previous biz let's say in Piraeus and then he ballasted his vessel to Canakkale to hold it there idle waiting for new proposals. In this case Canakkale can't be actually called as 'last port of discharge'. So can this 'del Canakkale via BlSea redel EMed' still be considered as DOP?
P.S. Hope my definitions and explanatios are clear. Many thanks.

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Go on - I dare someone to answer! Lets get interactive here!!!!!!!!!!!!!

John Fredrikson - A shipping billionaire

From a reader

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Hey VS,

I love your blog! Maybe I'm just not looking hard enough, but no other website out there provides the value that yours does. I instinctively get the feeling there isn't a better site in terms of shipping than yours, because I love this industry and have scoured the web for hours looking for shipping websites.

I have a quick question for you, as you are someone I respect and you also have tons of insight into this industry. What separates the average joe from someone like Mr. Fredriksen? His family was working class, but he still managed to build an empire for himself.

He "started trading oil in the 1960s in Beirut, bought his first tankers in the 1970s, ran crude oil for Iran in the 1980s." How do you go from simply trading to buying tankers worth millions upon millions of dollars? Why Beirut? Did he go for the connections?

I'd be very appreciative of any insight you could give here!

Best regards,

James

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Good question! I will write an answer in the next day or two. If any readers want to have a go at the answer shoot!