Bugbee: Oil companies will weed out aging tanker vessels

New factors in the product tanker market will make it even more uplifting to sit as the head of expansive product tanker carrier Scorpio Tankers in the coming years, says president Robert Bugbee.

BY KATRINE GRØNVALD RAUN

It was a pleased Scorpio Tankers senior management team that discussed the third quarter and projections going forward following a record result of USD 88.1 million in the third quarter 2015. President Robert Bugbee was able to point to yet another positive factor for the product tanker carrier, which has now taken delivery of most of its massive newbuilding fleet.

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Bugbee: Oil companies will weed out aging tanker vessels

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Product tankers look set to deliver record results

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs