ShippingWatch

Scorpio Tankers in fourth quarter turnaround driven by sulfur regulation

The lead-up to the new sulfur regulation was one of the main reasons that Scorpio Tankers delivered significantly improved earnings for the fourth quarter.

Photo: PR/Scorpio Tankers

Red numbers were replaced by black numbers in the last three months of 2019 for Scorpio Tankers.

The New York-listed shipping company reports a profit of USD 12 million for the fourth quarter 2019, up from a deficit of USD 17,7 million in the same period 2018.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Exmar to develop CO2 tanker in joint venture

Transporting CO2 will become an important market as the green transition gathers momentum, expects Belgian Exmar, which aims to develop a CO2 tanker in collaboration with Lattice.

Oil service firm loses nearly USD 60 million in three months

Norway's PGS still suffers under the Covid-19-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than in Q3 2020, however, when PGS lost more than a quarter billion dollars.

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Further reading

Related articles

Trial banner

Latest news

See all jobs