Hansson, chairman of platform supply vessel owner Nordic American Offshore, says investors have fled oil related stocks in a “state of confusion”.

“By doing so, many of them have, in my opinion, ‘thrown out the baby with the bath water’,” Hansson said in a letter to shareholders days after his Nordic American Tankers lifted its holding in NAO.

The executive, who says NAO can retain a dividend payment even if rates are weak until well into next year, believes the falling value is a geopolitical issue and not a market based reaction.

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