As the first half of 2022 draws to a close, shipping fortunes are mixed. Container shipping is the biggest winner from a profit perspective while product tankers are the biggest winners in the stock market.
Pain at the pump is coinciding with a boom for owners of tankers that carry petroleum products. Freight rates and stocks have been fueled by the Ukraine-Russia war as well as the post-COVID scramble for diesel, gasoline and jet fuel.
Despite recent stock market turmoil, shares of Scorpio...