Tankers carrying diesel and gasoline rake in cash amid pain at the pump

Picture of a product tanker

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...

https://www.freightwaves.com/news/tankers-carrying-diesel-and-gasoline-rake-in-cash-amid-pain-at-the-pump

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