New York product tanker shares jump, but analyst says impact still cloudy

Shares of US-listed product tanker owners jumped up in early trading on Monday amid heated speculation over potential benefits from the shutdown of the Colonial Pipeline in the US.

Irish product tanker owner Ardmore Shipping was up more than 6% in morning trading in New York, while Danish owner Torm climbed more than 4% and Monaco-based Scorpio Tankers added 3%.