Industry & Services >> Analyst Interviews >> March 7, 2005

OUTLOOK FOR THE TANKER MARKET: JOHN KARTSONAS – CITIGROUP GLOBAL MARKETS INC

JOHN KARTSONAS joined Smith Barney in May 2004 as an analyst covering the tanker shipping industry. Prior to joining Smith Barney, Mr. Kartsonas was an industry analyst at Standard & Poor's Equity Research covering the oilfield services and shipping industries. In 2003, he ranked among the Wall Street Journal's 'Best on the Street' analyst survey for his coverage of the oil sector. In the past, he served two years in the Operations and Training department of the Greek Navy. Mr. Kartsonas holds an undergraduate degree in physics and an MBA degree in finance from the University of Rochester. Profile
TWST: John, as you look at the industry, what's going on today?

Mr. Kartsonas: We are coming off a very strong year. 2004 was a record

year for the tanker market and the main reason for that