What might have been a mild-mannered bank panel turned in a different direction at Tuesday’s Capital Link New York Maritime Forum when surprise guest Robert Bugbee disrupted things.
Nothing was broken when the Scorpio Tankers president got done, but a few things were badly bruised, including the green-lending protocols known as the Poseidon Principles.
While there once were dire predictions about what might become of tanker owners under the carbon emissions-driven principles, it has not quite worked out that way for companies riding the crest of a years-long market boom in which they have accelerated repayment of debt.
