Ocean Tankers Holdings, the only public company quoted in the ‘Shipping’ sector of the Cyprus Stock Exchange, expects the current oil crisis to benefit the company and propel profits from a projected USD 3,5 mln in 2007 to USD 20 mln next year.
With sea-going vessels accounting for 92% of all commercial transport, yet 24 times cheaper than any other mode of transport, the prospects for any tanker fleet are extremely favourable.