Robert Bugbee, President of both Scorpio Tankers (STNG) and Scorpio Bulkers (SALT) joined Value Investor's Edge Live's inaugural episode on Thursday morning (1 August 2019) along with James Doyle, Senior VP and Chief Financial Analyst for Scorpio Group to discuss the product tanker and midsize dry bulk markets. This interview and discussion is relevant for anyone with product tanker investments including Ardmore Shipping (ASC), Diamond S (DSSI), Navios Maritime Acquisition (NNA), Torm (TRMD), and Tsakos Energy Navigation (TNP).

Topics covered

Start of discussion / When will IMO 2020 show up? 2:45 minute mark

Increased interest from suppliers/customers: 6:45

How is the midsize bulk market looking? 9:00

What might SALT do with STNG holding? 15:15

IMO 2020 as a major catalyst: 22:30

Can installations of scrubbers be sped up? 24:30

Any surprises or dislocations with scrubber installations? 28:00

What sort of spreads are we expecting? 29:15

Discussion of particular blends/logistics (dirty/clean)? 32:00

Will VLCC deliveries hurt the product tanker market? 36:30

When will Scorpio Bulkers be comfortable repurchasing? 38:45

Timing of repurchase and 'game theory:' 41:00