But the good times will only remain in place as long as tanker owners “don’t shoot ourselves in the foot” by overbuilding, he told TradeWinds on the sidelines of the Capital Link International Shipping and Offshore Forum in New York.

“We are looking for a very strong 2015, a very strong 2016,” Tsakos said.

He discussed the market prospects as he prepared to head to the Connecticut Maritime Association (CMA)’s Shipping 2015 conference in nearby Stamford, where his father, Greek shipowner Captain Panagiotis Tsakos, will be named commodore later this week.