Harfjeld tells TradeWinds hebelieves falling asset values have made tankers “very attractively priced”.

In a WebTV interview he said:“Given the fact we have been successful in structuring a very robust balancesheet with a good cash position and a very competitive cash breakeven levels,we see this year, and potentially also next, as a good time to expand and buildthe company.

“As you know we are in the crudespace and that is our focus.