When Scorpio Tankers president Robert Bugbee offers to bet you on this or that development happening in the product tanker market, it is a good idea not to take that bet.

It is probably why tanker counterparts including Lois Zabrocky of International Seaways and Anthony Gurnee of Ardmore Shipping would not bite last week when Bugbee made a suggestion that might have seemed a bit farfetched.