Investors who have downed VLCC shares as a result of the recent rates pullback are making a mistake if they extend that logic to the clean tanker sector, a leading product carrier owner told an online forum on Monday.
Scorpio Tankers president Robert Bugbee said on a Capital Link virtual presentation that because VLCCs have faltered after a 5 December European Union ban imposed on Russian crude, some are assuming similar softness for product tonnage following the 5 February restrictions on clean oil product cargoes.
