In the Nasdaq-quoted operator’s earnings report George Economou applauded the performance of his company’s tankers during the period.

"Our liquidity position has been positively impacted by the outperforming tanker markets, especially the suezmax and aframax segments which are performing above expectations for this time of the year,” the tycoon told investors.

Economou acknowledged that the dry-bulk segment suffered in the second but said he continues to believe the tides will turn in the months ahead.

“The