ADS Crude Carriers believes it is well placed to profit from tanker markets despite massive uncertainty due to coronavirus.
Chairman Bjorn Tore Larsen said in the annual report that the VLCC owner will continue to pay dividends, in contrast to many shipping companies that are preserving cash during the crisis.
"I do not know what the long-term economic consequences of this virus will be, but short-term it is clear that it will have a major impact on the financial markets and world trade," he wrote.
