Scorpio Tankers hit with full-year deficit for 2016

Deteriorating rates in the latter half of 2016 sent Scorpio Tankers into the red in the fourth quarter and the full year.

Scorpio Tankers took a big hit from thedeteriorating tanker market in the second half of 2016 – a year which otherwise started off promising for the sector.

The carrier, which is listed in New York, suffered a full-year net loss USD 24.9 million, a major setback compared to a profit of USD 217.7 million in 2015.

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