Hurricane Harvey provided only a brief respite to weak tanker rates. But executives at Scorpio Tankers say, longer term, the storm aids in rebalancing the product tanker market.
That message came during the company’s second quarter conference call, where the New York-listed owner reported a weaker than expected $0.09 per share loss.
Chief executive Emanuele Lauro delivered the standard line that he is optimistic on the outlook for product tankers, joking that he ran “the risk of sounding like a broken record.”
