Product tanker demand is on the up and the market is set for further growth in the near future, Greek owner Navios Maritime Acquisition Corp claims.
The NYSE-quoted tanker owner voiced the optimistic note even as it reported a loss for the full year.
Angeliki Frangou, the Athens-based company’s chairman and chief executive commented: "As economic activity picks up globally and refineries are moved from developed countries to emerging countries, the demand fundamentals within the product tanker segment are improving.
“For
