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.