According to Nordic American Tankers (NAT). NAT said that very explicitly in our letter to shareholders of November 20th 2014 – please see enclosure.
Lower oil price leads to increased oil demand and economic growth, stimulating the need for transportation. Some observers wrongly seem to indicate that the crude tanker business could suffer from low/lower oil prices. The opposite is the case.
The current rates in the spot tanker market have continued on a positive path, boding well for the 4th quarter of 2014, a development we hope will continue in 2015.
Source: NAT
