Scorpio Tankers Inc - Company Profile
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Scorpio Tankers Inc (Scorpio Tankers), a subsidiary of Scorpio Group, is a marine transportation company. It operates through a network of medium, large, and very large tankers across the world. Chartering strategy, substantial tanker fleet and fleet and capacity expansion are its strengths, even as customer concentration is a cause for concern. Positive global outlook for oil and gas market, portfolio optimization and strategic agreements could provide growth opportunities for Scorpio Tankers. However, stringent regulations, the cyclical nature of the tanker industry, and fluctuations in oil and gas prices could hamper its growth.
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