Tanker

Italian tanker carrier beats major rivals on profit growth again

Five tanker carriers achieved record profits in 2023, but the smallest of the five overtakes its larger rivals on growth. Scorpio falls big-time in comparison.
”The remarkable performance was largely driven by the strong market for product tankers throughout the year,” says Carlos Balestra di Mottola, CFO of d’Amico. | Photo: Pr-foto
”The remarkable performance was largely driven by the strong market for product tankers throughout the year,” says Carlos Balestra di Mottola, CFO of d’Amico. | Photo: Pr-foto
by Dag Holmstad, Jens Bojsen Ruskov

The transportation of oil products has been a booming business for most tanker operators in the geopolitically turbulent year of 2023, according to a ShippingWatch comparison of the financial statements of Hafnia, Torm, Scorpio Tankers, Ardmore Shipping and d’Amico International Tankers.

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