ShippingWatch

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

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.

Here, Drewry ranks the world's five largest product tanker carriers' earnings capacity and results in 2020.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Further reading

Related articles

Trial banner

Latest news

See all jobs