The rebound in tanker markets should make it easier for owners to plot the leap to the next generation of low-carbon ships, Ardmore Shipping chief executive Anthony Gurnee believes.

The boss of the Ireland-based MR specialist told TradeWinds: “All the noise around the Ukraine conflict, market disruption and the impact on the global economy has definitely distracted everyone from the energy transition. But it’s still there.”

But he believes that as profit rolls in at tanker companies, the energy transition becomes a less fearsome prospect.