Tanker CEOs: Investors not rewarding us deservedly

The tanker carriers are piling up money and the sector's future looks bright, note the chief executives from carriers Euronav, Frontline and Tsakos, describing the recent slide in share prices as unjustified.

Photo: Richard Drew, AP

According to the CEOs of three of the biggest tanker carriers in the market - Euronav, Frontline and Tsakos - the drastic slide in tanker share prices is completely unwarranted, as money is flooding into the carriers and the market prospects look much better than what investors seem to indicate.

This was the main takeaway from a phone conference held on January 26th and which is now available on Capital Link. Here the three chief executives present their views on the state and perspectives in the tanker sector, while Wells Fargo senior analyst Michael Webber serves as moderator.

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