Scorpio Tankers Inc - Company Profile
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Scorpio Tankers Inc (Scorpio Tankers), is a part of Scorpio Group, which provides marine transportation of refined petroleum products and crude oil worldwide. The company operates through a network of owned and time chartered vessels, which distribute vegetable oils, petroleum-based feedstock, and refining outputs such as gasoline, diesel, jet fuel, kerosene, and naphtha from refineries to end-users. Its fleet comprises LR1 and LR2 tankers, Handymax tankers, and medium-range (MR) tankers. The company also operates time or bareboat chartered-in tankers. The major customers of the company include oil companies and traders. It has offices in Monaco and New York. Scorpio Tankers is headquartered in Monaco.
Headquarters
Monaco
Address
L'Exotique 99 Boulevard Jardin Exotique, Monaco, 98000
Website
www.scorpiotankers.com
Telephone
377 9 7985716
No of Employees
24
Industry
Energy and Utilities
Ticker Symbol & Exchange
STNG (NYSE)
Revenue (2023)
$1.3B
-14.2%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-14.2%
(2023 vs 2022)
Market Cap*
$3.8B
Net Profit Margin (2023)
XYZ
0.0%
(2023 vs 2022)
* As of and is in US$
Scorpio Tankers Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Marine Transportation |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company signed a memorandum of understanding with Fowe Eco Solutions to add Fowe Eco Solutions's fuel emulsion systems across its entire fleet. |
| 2024 | Contracts/Agreements | In January, the company entered into an agreement to sell an MR product tanker, and exercised the purchase options on five ships. |
| 2023 | Plans/Strategy | In July, the company announced its plans to acquire STI Leblon and STI Bosphorus Oil Tankers. |
Competitor Comparison
| Key Parameters | Scorpio Tankers Inc | A.P. Moller - Maersk AS | Euronav NV | Tsakos Energy Navigation Ltd | DHT Holdings Inc |
|---|---|---|---|---|---|
| Headquarters | Monaco | Denmark | Belgium | Greece | Bermuda |
| City | Monaco | Koebenhavn K | Antwerpen | Athina | Hamilton |
| No. of Employees | 24 | 105,909 | 3,278 | - | 1,252 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Emanuele A Lauro | Chief Executive Officer; Chairman | Executive Board | 2010 | 44 |
| Cameron Mackey | Chief Operating Officer; Director | Executive Board | 2013 | 54 |
| Brian Lee | Chief Financial Officer | Senior Management | 2010 | 56 |
| Robert Bugbee | President; Director | Executive Board | 2010 | 62 |
| Filippo Lauro | Vice President | Senior Management | 2015 | 46 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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