Happy Thanksgiving!

Thanksgiving marks the official start to the holiday season in the U.S. and generally represents a time for reflection. Despite a current weak spot market there is still much to be thankful for in the tanker market. Below is a graph comparing the relative strength of the Poten Tanker Freight Index with the Poten Tanker Equity Index. For the past five years, the freight index has generally been above the base 100 level, and these relatively high earnings have served to increase equity values.