we will look at the tanker market with nikos tsakos. the chairman of the international association of independent tanker owners. nikos, thank you and welcome. what about the movement in oil prices has surprised you? it has taken so many experts by shock. what about the movement toward 35 that has taken you a back? s: it is surprising everybody and we are the carriers of the product. the only ones benefiting from the decrease in the price of oil. from beingn business average after the recovery in 2008 2 now booming back to levels that we have not seen for the last 10 years. the lower the price, i think the better the freight rates. there is more demand what we do. we are the carriers. however, we have not seen this reflected in prices. the underlying business is doing very well. scarlet: talk about some of the macro changes sweeping the industry. potential iranian exports, a possible shakeout of u.s. shale producers. increased demand from asia in 2016. what are you focusing on the most? looking at growth in demand and the growth in ton mi