The New York Stock Exchange-listed tanker owner said its four VLCCs brought in revenue of $7.43m after it raised $110.1m in the offering on 18 November.
CEO Angeliki Frangou said she believed the “dramatic decline” in the price of oil is “unequivocally positive for oil consumption and ultimately oil transportation.”
She added: “It appears that people are restocking in this low price environment.
