With the tanker market continuing to set new highs the question at Marine Money in New York was whether the party would continue, or indeed has even got into full swing yet. The tanker owner panel, moderated by Evan Uhlick, who heads up Ocean Industries for DNB’s New York office, zeroed in on the question of whether the current party would continue. Robert Bugbee, President of Scorpio Tankers (NYSE: STNG) said it simply “The conversation right now is only about one thing- how high are the rates going to go?”, along with a corollary question of “What are you going to do with the cash?” In answering the question of ... (full story)