Scorpio Tankers turns deficit around to major profit in Q2

Tanker carrier Scorpio Tankers has divested well from its fleet in the first half of 2022 following a difficult time for the company. But a tanker market that is rapidly looking up has the carrier booking a significant plus for the second quarter.

Photo: PR/Scorpio Tankers

Product tanker company Scorpio Tankers, like other players in the tanker industry, has benefited from a market that’s turned around in a rapid fashion.

In the second quarter, the carrier managed to secure a net profit of USD 191.1m against a net loss of USD 52.8m in the same period last year, according to the interim report.

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