Tanker

Scorpio earnings confirm continued tanker upturn

Product tankers are a lucrative income source for shipping companies, Scorpio Tanker’s full-year accounts show. The money has been used to pay off debt on a large scale.
Photo: Pr/scorpio Tankers
Photo: Pr/scorpio Tankers
by DAG HOLMSTAD

Scorpio Tankers landed solid earnings of USD 547m in 2023 and spent it on dividend payments and debt repayment, the quarterly and full-year figures from the New York-Monaco-based tanker company show.

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