The bottom line was still in the red in the third quarter of 2021, but Norwegian tanker operator Hunter Group is convinced that owners of large, modern tankers are bound for a profitable spell in the coming months, as indicated in Hunter Group's report on the third quarter results.
Despite suffering a net loss of USD 1.7 million in the third quarter, the company projects that tanker operators are within an ace of a period marked by rising demand for oil, which will trigger a steady flow of earnings for the company.
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