Founded in 2009 and based in Monaco, Scorpio Tankers operates a fleet of product and crude tankers engaged in the seaborne transportation of petroleum products across international routes. The company provides maritime logistics services for crude oil and refined petroleum products to oil majors, trading houses, and independent refiners globally. Its business model generates revenue primarily through voyage charters and time charters, with rates fluctuating based on supply-demand dynamics in shipping markets.
As of March 2025, the company's fleet comprised 99 owned and financed leased vessels across three primary vessel classes: 47 medium-range (MR) tankers, 38 long-range 2 (LR2) tankers, and 14 Handymax tankers. These vessel types are differentiated by cargo capacity and geographic flexibility, with MR and Handymax vessels typically operating shorter trading routes while LR2 vessels serve longer international routes. The fleet size positions Scorpio Tankers as a substantial participant in the product tanker segment of the shipping industry.
The company operates in the deep-sea foreign transportation of freight sector, with exposure to global petroleum trade flows and shipping market volatility. Geographic reach extends across major shipping routes worldwide, including transatlantic, transpacific, and intra-regional trading patterns driven by refinery locations and crude oil supply sources.
No 10-K filings found.