International Seaways CEO Expects Robust Demand Recovery in 3Q

The transcript discusses the strong international trading markets for tankers, highlighting the use of vessels for storage due to high demand and low spot prices. It predicts continued excess production and storage needs through the second quarter, with financial benefits from high rates. The transcript also addresses supply challenges and workforce issues due to travel bans, emphasizing the need for seafarers to be designated as key workers.

In what ways are the vessels in the fleet being utilized currently?

How is the demand for oil expected to change in the coming months according to the text?

What are the implications of the contango situation mentioned in the text?