Scorpio Tankers posts another major loss and predicts a grim tanker market for the rest of the year
Scorpio Tanker has a grim outlook on the tanker market for the rest of the year, as the Covid-19 pandemic continues to cause turbulence in the global economy and the commodity market. The tanker operator posts a loss of USD 115 million in the first half of the year.
by DAG HOLMSTAD
Millions of dollars continue to pour out of the Robert Bugbee-led product tanker carrier Scorpio Tankers, posting another crushing deficit in the second quarter of the year, yet the company will nevertheless pay out dividends to shareholders.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
