PETROLEUM SHIPPING Market review In 2015, the tanker market continued to maintain a positive momentum, benefiting from significantly improved tanker rates and earnings, as well as high levels of trading activities that arose from a myriad of factors. These included low oil prices, arbitrage trading, refineries ramping up production, inventory build-ups, and regional mismatches in refinery configurations. president/ceo’s report BUSINESS AND OPERATIONS REVIEW 2 DPSTs to service the North Sea shuttle tanker markets Signed for 8 newbuilds for USD500mil vessels received Environmental Achievement Award in 2015 59 REDISCOVER I REBUILD I SUSTAIN 58
RkJQdWJsaXNoZXIy NDgzMzc=