Scorpio Tankers: Product Tanker Outlasting Hormuz Crisis
In this episode of Capital Link’s Trending News Podcast, Mr. Robert Bugbee, President &
Director of Scorpio Tankers (NYSE: STNG) and Mr. James Doyle, Head of Corporate
Development & IR discussed how the potential reopening of the Strait of Hormuz is about
to affect an already strengthening market.
Evidently, the closure of the Strait has dominated shipping headlines in the past few months,
but Mr. Doyle believes the strongest case for product tankers extends well beyond the latest
geopolitical crisis. In fact, he argues that a combination of refinery closures, shifting trade
routes and the aging fleet are creating structural support for product tanker demand that
could persist for years, even if Middle East tensions ease.
After all, before disruptions intensified, MR earnings were reaching $30,000 per day and LR2
returns near $40,000.
To watch the full discussion, please visit the following link:
SCORPIO TANKERS - Positioned to perform across all market scenarios
