It is not just crude tankers cashing in on the oil price war.

During Capital Link's online forum Monday, Scorpio Tankers president Robert Bugbee said that while VLCC rates have stolen the show by earning more than $200,000 per day, product tankers are doing just as well.

"If you look at size for size or deadweight for deadweight, LR2s approaching [$60,000] is every bit as good or MRs approaching [$30,000] is every bit as good as what’s going on in the crude oil market," Bugbee said.