by John Konrad (gCaptain) Shares of product tankers are holding up well despite outsized gains in 2022 and an overall fall in the shipping market over the past few weeks..
As the first half of 2022 draws to a close, shipping fortunes are mixed. Container shipping is the biggest winner from a profit perspective while product tankers are the biggest winners in the stock market. Pain at the pump is coinciding with a boom for owners of tankers that carry petroleum products. Freight rates and .
Operator
Hello, and welcome to the Scorpio Tankers Inc., first-quarter 2021 conference call. I would like to turn the call over to Brian Lee, chief financial officer. Please go ahead, sir.
Brian Lee
Chief Financial Officer
Thank you, Stephanie, and thank everyone for joining us today. Welcome to the Scorpio Tankers first-quarter earnings conference call. On the call with me are Emanuele Lauro, chief executive officer; Robert Bugbee, president; Cameron Mackey, chief operating officer; Lars Dencker Nielsen, commercial director; David Morant, managing director; and James Doyle, senior financial analyst. Earlier today, we issued our first-quarter earnings press release, which is available on our website, scorpiotankers.com.