Scorpio: Doubled rates in Handy and Panamax

The Handymax and Panamax vessels in Scorpio Tankers' fleet are currently earning solid money for the coming annual report, but for the rest of the year the carrier's profit will come from the MR fleet in particular, says president Robert Bugbee.

Rapidly expanding tank carrier Scorpio Tankers has been looking at the history books, and has thus been betting on the oil export out of the Gulf of Mexico over the winter. Rates in the spot market have increased significantly in the current quarter for the two segments where Scorpio Tankers operates, with 99 percent of the carriers business coming from fuel oil an dirty tank transports.

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.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading