Scorpio Tankers bags longest contracts since 2008 Energy companies are signing contracts lasting all the way up to five years, says Scorpio Tankers CEO Robert Bugbee in an interview with ShippingWatch. Photo: Tomas Kristiansen BY TOMAS KRISTIANSEN Published: 30.08.22 at 11:48 Smiles are big in New York, as they are in Copenhagen, says Scorpio Tankers CEO Robert Bugbee from the tanker company’s address in the middle of Manhattan. Already a subscriber? Log in. Read the whole article Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial. Access all locked articles Receive our daily newsletters Access our app First name: Last name: E-mail address: Password: I accept the terms and conditions An error has occured. Please try again later. Create trial Get full access for you and your coworkers. Start a free company trial today More from ShippingWatch Søren Skou is optimistic ahead of contract negotiations with customers The shipping major is in a good position in negotiations with customers even though demand for container freight is declining, says CEO Søren Skou. CMA CGM expects sharp decline in freight rates The outlook for the container market looks somewhat more gloomy, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in Q3. Lauritzen Bulkers criticizes new climate clause for favoring shipowners CII: Lauritzen Bulkers opposes a new legal clause placing responsibility for the upcoming CII regulation with operators. CEO doubts the clause will be put to much use, though. Shipping analyst: Container market is experiencing a "hard landing" The pace of declines in rates on the container market’s Asia-Northern Europe routes has increased, the WCI index shows. Shipping analyst Lars Jensen describes this as a ”hard landing” for the market. Media: South Korea engaged in conversations about selling parts of HMM South Korea is talking to several potential buyers of a stake in the state’s ownership of major container liner HMM, according to a media outlet, which also names said buyers. Print Print Increase text size Increase text size Decrease text size Decrease text size Further reading Avance Gas is optimistic despite Q3 decline Sky-high rates behind Flex LNG's improved result Analyst firms predict tough times ahead for logistics Jan Rindbo doubts price cap on Russian oil Longer distances and empty vessels set to boost product tankers Related articles EU embargo on Russian oil could make tanker rates reach USD 250,000 per day Mikael Skov: EU sanctions will boost demand by more than 100 MR vessels Torm CEO: Product tanker will do well for a longer period – "It's not just a blip"