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Scorpio Tankers reports major deficit and faces mounting uncertainties in 2021

Scorpio Tankers is the latest in a long line of tanker operators reporting heavy losses in 2021. The carrier anticipates widespread uncertainty in 2021, as Covid-19 continues to engender a high level of volatility on the tanker market.

Photo: PR / Marine Money/Marine Money

The product tanker carrier Scorpio Tankers, headed by Robert Bugbee, exits a first quarter that proved grueling for the tanker sector with heavy losses on the bottom line.

The net deficit amounted to USD 62.4 million, a substantial drop from the positive figures and profits of USD 46.6 million reported the same time last year, as revealed in a statement released Friday.

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