Charles Rupinski alerted clients about this possibility on the heels of a discussion with the New York-quoted operator’s management team, which met with GHS and investors during a conference in San Francisco earlier this week.
“The company stressed two potential areas for growth,” the forecaster told clients in a note published Thursday morning.
“The first is in PCTC sector, where the company sees the potential to grow through a multi-vessel ‘en bloc’ acquisition.
“The second is in short sea rail ferry transportation, with the creation of a new border crossing through Mobile, Alabama.”
ISC, which trades on the New York Stock Exchange under the ticker “ISH”, opertaes a fleet of over 54 ships including seven PCTCs.
Last month the company reported a net loss of $48.3m for the last three months of 2014 due to a $38.2m charge related to the sale of three handysize bulkers.
Revenue for the fourth quarter stood at $71m, which was less than the $76m figure unveiled in the corresponding period in 2013.
