Who says the age of glamour owning supertankers is over? Does earning $300,000 a day sound fun? It was for those private shipowners who caught the crest of the recent crude storage wave.
But where is the glamour in running public tanker companies that caught that peak, only to be hit where it hurts by sellers discounting a demand-driven slump that may not arrive until next year?
And what is the point in well-managed companies bothering with the time and expense to maintain a public listing, only to be judged on a par with those with a weak record.
