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Home / Shipping News / Hellenic Shipping News / Tanker Market Remains Difficult Despite Brighter Outlook says Angeliki Frangou, as Navios Maritime Acquisition Corporation Reports Return to Profitability Tanker Market Remains Difficult Despite Brighter Outlook says Angeliki Frangou, as Navios Maritime Acquisition Corporation Reports Return to Profitability Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, reported its financial results today for the fourth quarter and the year ended December 31, 2020. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition stated, “The pandemic materially impacted the tanker sector. In early 2020, collapsing oil demand drove the need for storage. As the pandemic progressed, the recession in the travel and entertainment industries migrated to oil transportation. While we believe the outlook looks brighter now, with countries well into vaccination programs and the travel industry showing signs of

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