Tanker

Scorpio Tankers wins last year's race on operating margins – 2021 looks tough

Scorpio Tankers wins the earnings race in 2020 within product tanker over competitors Hafnia, Torm, d'Amico and Ardmore Shipping, shows a ranking prepared for ShippingWatch by Drewry. But a weak end to 2020 has carried over into 2021.
Scorpio Tankers was best at generating operating earnings in 2020, but not at generating returns on the company's total assets. | Photo: PR/Scorpio Tankers
Scorpio Tankers was best at generating operating earnings in 2020, but not at generating returns on the company's total assets. | Photo: PR/Scorpio Tankers
by DAG HOLMSTAD

New York/Monaco-based Scorpio Tankers takes the trophy for the best operating margin in 2020 among its major competitors within product tanker, reveals a ranking drawn up by maritime and supply chain consultancy firm Drewry on behalf of ShippingWatch.

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