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The Raspberries of the tanker sector

Trophies for tanker winners at this year’s Shipping Academy Awards turned out to be poisoned chalices

The Shipping Academy Award for biggest gamble of the year goes to Mohammed bin Salman bin Abdulaziz Al Saud colloquially known as MBS, who is the Crown Prince of Saudi Arabia, the nation which was dethroned a while ago as the world’s largest producer of oil.

MBS pulled off the biggest gamble of the year by giving away his country’s oil for free. This neck-breaking move left many US shale producers gasping for breath, as their debt-stretched drilling business had to foreclose.

Finally, OPE...

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