Nordic American Tankers criticizes competitors for "gigantomania"
Norwegian tanker carrier Nordic American Tankers expects a highly positive development in the second quarter and the rest of the year, says management in an update to shareholders. The carrier's CEO criticizes competitors for being too focused on growth and size.
BY LOUISE VOGDRUP-SCHMIDT
Nordic American Tankers (NAT) has high expectations for the rest of the year, says CEO Herbjørn Hansson in an update to the Norwegian carrier's shareholders.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.