And we believe that next year this oversupply of tonnage will start drying up. A lot of ships are being taken out of commission for scrapping. So we hope that we will be closer to profitability as we speak.What is making us also optimistic is that we see a lot of our clients out there looking, as we have reported also today, additional interest for long-term employments with profits. And this is – the company is doing more and more with minimum profit shares arrangements that have, I think, contributed to us sustaining a difficult period and having the open up-side in case the market turns, as we hope.
Tsakos Energy Navigation's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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