Scorpio Tankers beats analysts' Q2 expectations

The tanker major has sailed at higher freight rates so far in the second quarter, and is now resuming share buybacks, leading Jefferies to raise expectations.

Scorpio Tankers' president Robert Bugbee (right) at the Marine Money conference in New York. | Photo: Marine Money

by DANIEL LOGAN BERG-MUNCH

Scorpio Tankers is earning more money than expected so far in the second quarter of the year, according to an announcement to the New York Stock Exchange.

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