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Nordic American Tankers Limited Message Board

  • dumbandreallyslow dumbandreallyslow Nov 6, 2013 4:01 PM Flag

    CPLP's Q3 earnings commentary re: supply in the suezmax tanker market

    What do people think about CPLP's Q3 earnings commentary re: supply in the suezmax tanker market? Isn't this positive for the suezmax tanker market? Page 13 of earnings presentation says:

    --Net Fleet Growth For 2014 Expected At 2.3%. Supply Rationalization Continues:
    ---2013 Marked The Last Year Of Substantial Deliveries.
    ---No New Ordering.
    ---Suezmax Tanker Orderbook Through 2017 Corresponding To 11.3% Of Current Fleet, The Lowest In Percentage Terms Since 1997.

 
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