“It’s like when you were a little kid and played a game where you laid siege to a castle and you surrounded it, trying to starve the people out. But in this siege — Russian sanctions — half the castle has been left unsurrounded. They can just open the doors and get resupplied with food and trade every day,” said Robert Bugbee, president of Scorpio Tankers (NYSE: STNG).
One year ago, Russia invaded Ukraine. Bugbee’s comments, delivered at the Norwegian-Hellenic Chambers of Commerce shipping...
https://www.freightwaves.com/news/one-year-later-how-ukraine-russia-war-reshaped-ocean-shipping