Scorpio Tankers
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$4.09B
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13.63
$1.24B
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Scorpio Tankers, Inc. engages in the provision of marine transportation of petroleum products. The firm involves in the oil, seaborne transportation of refined petroleum products from the tanker industry to the international shipping markets. The company operates through four segments: Handymax, MR (Medium Range), Long Range 1 (LR1)/Panamax and Long Range 2 (LR2)/Aframax. The company consists of 113 wholly owned, finance leased or bareboat chartered-in tankers (39 LR2, 60 MR and 14 Handymax). The segments represent a different type of vessel being around 110 with which it operates with the smaller and bigger type of ships that include Handymax, MR, LR1 and LR2 under its own ownership as well as finance, leased or chartered in.
Scorpio Tankers, Inc. engages in the provision of marine transportation of petroleum products. The firm involves in the oil, seaborne transportation of refined petroleum products from the tanker industry to the international shipping markets. The company operates through four segments: Handymax, MR (Medium Range), Long Range 1 (LR1)/Panamax and Long Range 2 (LR2)/Aframax. The company consists of 113 wholly owned, finance leased or bareboat chartered-in tankers (39 LR2, 60 MR and 14 Handymax). The segments represent a different type of vessel being around 110 with which it operates with the smaller and bigger type of ships that include Handymax, MR, LR1 and LR2 under its own ownership as well as finance, leased or chartered in.
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Scorpio Tankers Shifts Strategy by Selling LR2s and Investing in Modern MR Tankers
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Scorpio Tankers Sells Four Vessels to Upgrade Fleet and Embrace Sustainability Initiatives
Scorpio Tankers Inc. (Ticker: STNG) is reshaping its fleet management strategy with a significant move to sell four LR2 product tankers, generating proceeds of US$285.8 million. This decision marks a…
Scorpio Tankers Restructures Fleet: Sells Tankers, Invests in Modernization and Sustainability
Scorpio Tankers (Ticker: STNG) is currently undertaking a significant restructuring of its fleet with the strategic sale of four LR2 product tankers. This initiative is part of the company's broader e…
Scorpio Tankers Reshuffles Fleet, Selling Six Vessels for $300 Million and Investing in Newbuilds
Scorpio Tankers Inc. embarks on a significant fleet restructuring initiative, as the company agrees to sell six of its older vessels for a total of approximately $300 million. This strategic divestitu…