Nobody wants to believe that the product tanker market has plenty of room to run.

Not even — until Wednesday, anyway — the tanker owners.

During the Capital Link New York Maritime Forum, Scorpio Tankers president Robert Bugbee said the biggest mistake product carrier owners have made is not being bullish enough.

He said analysts, too, have been shy about the market situation, including ongoing refinery dislocation adding tonne miles, low global inventories, incoming sanctions on Russian oil and products, and the incoming northern hemisphere winter.