Evangelos Pistiolis tells TradeWinds that he doesn’t believe the tides will turn for another two to three years due to the ongoing capacity glut.

If Top Ships were looking to fix out its fleet of products carriers in today’s market, the executive says he would likely seek out period deals.

“If I had a ship open today I think the strategy would be to fix it for at least three to five years, things won’t get much better until then, that’s my forecast.

“I