Peter Georgiopoulos has drawn parallels between today’s tanker market and the conditions experienced in the early part of the noughties – with changing regulations aiding balance and asset prices looking attractive.
In this environment Georgiopoulos and Gener8 Maritime could look for takeovers but the shipowner is not willing to take on debt to get a deal done.
“In some ways the tanker market reminds me of the early 2000s when the IMO introduced new double-hull requirements,” Georgiopoulos explained on the company’s post-results conference call today.
“Although
