Scorpio Tankers

What Scorpio Tankers does

Scorpio Tankers Inc. is a Monaco-headquartered, Marshall Islands-incorporated product tanker owner publicly listed on the NYSE under ticker STNG. Founded in 2003 by Emanuele A. Lauro and IPO'd in April 2010, the company operates a fleet of approximately 90–93 product tankers — 37 LR2, 42 MR, and 14 Handymax vessels — totaling roughly 7.4 million deadweight tons including newbuild commitments for two VLCCs, four LR2s, and four MRs through 2029. The fleet is notably young (10.1-year average age versus industry averages of 10.7–18.2 years) and 87% scrubber-fitted, enabling use of low-cost high-sulfur fuel under IMO 2020 regulations. Vessels are equipped with ballast water treatment systems and, on a pilot basis, Carbon Ridge's centrifugal onboard carbon capture system (DNV-verified 98% CO2 capture). The company deployed the first maritime centrifugal OCCS aboard the STI Spiga in 2025.

Name

Scorpio Tankers

Legal name

Scorpio Tankers Inc.

Website

https://scorpiotankers.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Product Tanker Shipping / Marine Transportation Services

NAICS

Deep Sea Freight Transportation (483111)

SIC

Water Transportation (4400), Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD)

akta.pro secondary industries

Crude Oil & Petroleum Products Tanker Transport (TLADALAA), Crude & Product Tanker Shipbuilding (VLCC/Suezmax/Aframax/MR) (IMAJAAAC)

Keywords

• Product tanker shipping
• Marine transportation services
• Refined petroleum shipping
• Tanker chartering services
• Seaborne product transport

Headquarters

HQ city

Monaco

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Others

Revenue model

1. Time Charter Equivalent (TCE) Revenue - LR2 Vessels: LR2 vessels generate daily TCE rates of approximately $80,000/day in Q2 2026 (pool/spot) and $30,300/day on time charters. The company operates 37 LR2 vessels with 100% scrubber-fitted tonnage. LR2 vessels primarily carry diesel and naphtha across AG/MED/Europe/Asia trading regions.
2. Time Charter Equivalent (TCE) Revenue - MR Vessels: MR vessels generate daily TCE rates of approximately $53,000/day in Q2 2026 (pool/spot) and $26,500/day on time charters, plus $12,986/day for bareboat arrangements. The company operates 42 MR vessels with 83% scrubber-fitted tonnage. MR vessels carry diesel/gasoline across USG/Europe/AG/Asia regions.
3. Time Charter Equivalent (TCE) Revenue - Handymax Vessels: Handymax vessels generate daily TCE rates of approximately $54,000/day in Q2 2026 (pool/spot) and $23,000/day on time charters. The company operates 14 Handymax vessels trading primarily in Baltic/North Sea regions carrying diesel and fuel oil.
4. Vessel Sales: The company generates one-time proceeds from the sale of vessels, including recent sales of LR2 vessels (e.g., four LR2 tankers for $285.8 million) and MR vessels (e.g., two scrubber-fitted MR tankers for $70 million). These sales support fleet renewal and balance sheet management.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Scorpio Tankers owns and operates a fleet of approximately 93 product tankers — 37 LR2 vessels, 42 MR vessels, and 14 Handymax vessels — providing global seaborne transportation of refined petroleum products including diesel, naphtha, gasoline, and fuel oil across Baltic/North Sea, AG/MED/Europe/Asia, and USG/Europe/AG/Asia trading regions. Vessels are deployed through three Scorpio commercial pool systems, multi-year time charters, bareboat charters, and spot market voyage contracts to serve oil majors, refiners, and commodity traders.

Product overview

Scorpio Tankers is a Monaco-based product tanker company operating a fleet of 93 vessels (37 LR2, 42 MR, and 14 Handymax tankers) for the marine transportation of refined petroleum products worldwide. The company operates as a fully-integrated transportation system through commercial pools (Scorpio Handymax Tanker Pool, Scorpio MR Pool, and Scorpio LR2 Pool) managed by Scorpio Commercial Management, and provides vessel management, technical management, and administrative services. The fleet is noted for its modern age (average 10.1 years), with 87% scrubber-fitted tonnage enabling fuel efficiency and compliance with environmental regulations. Scorpio Tankers is publicly listed on the NYSE under ticker STNG and maintains offices in Monaco and Greenwich, Connecticut.

Differentiator

Problem solved

Functional benefit

Brands

• SLR2P (Scorpio LR2 Pool): Pool operations for LR2 product tankers
• SMRP (Scorpio MR Pool)
• SHTP (Scorpio Handymax Tanker Pool)

Products and services

• LR2 Product Tanker Transportation Services Long Range 2 (LR2) product tanker transportation services for refined petroleum products (diesel, naphtha) across AG/MED/Europe/Asia trading regions, deployed via Scorpio LR2 Pool (SLR2P), time charters, bareboat charters, and spot voyages. 37 vessels in fleet with average age 10.0 years and 100% scrubber-fitted.
• MR Product Tanker Transportation Services Mid-Range (MR) product tanker transportation services for refined petroleum products (diesel, gasoline) across USG/Europe/AG/Asia trading regions, deployed via Scorpio MR Pool (SMRP), time charters, bareboat charters, and spot voyages. 42 vessels in fleet with average age 9.1 years and 83% scrubber-fitted.
• Handymax Product Tanker Transportation Services Handymax product tanker transportation services for refined petroleum products (diesel, fuel oil) across Baltic/North Sea trading regions, deployed via Scorpio Handymax Tanker Pool (SHTP), time charters, and spot voyages. 14 vessels in fleet with average age 11.3 years.
• Scorpio Commercial Management Pool Services (SHTP, SMRP, SLR2P) Integrated commercial pool services for product tankers operated by Scorpio Commercial Management S.A.M., offering voyage optimization, market intelligence, and commercial dispatch across all major global refined product trading regions. Pools serve oil majors, refiners, and traders by combining tonnage for optimal fleet utilization.
• Time Charter Contracts Multi-year time charter agreements where Scorpio Tankers provides vessels and crew to charterers at fixed daily rates (e.g., LR2 at $30,300/day, MR at $26,500/day, Handymax at $23,000/day in Q2 2026). Examples include five-year LR2 charters at $29,000/day and eight-year LR2 charters at $30,500/day.
• Bareboat Charter-Out Arrangements Bareboat charter-out arrangements where the vessel is leased to a third party that assumes operational control of the ship, including participation in the US Government's Tanker Security Program.
• Spot Market Voyage Charters Spot market voyage charters booked globally for individual cargoes at prevailing market freight rates, allowing capture of upside during strong tanker market conditions.

Quantifiable outcome

• Q1 2026 TCE revenue increased by $98.8M to $303.0M from $204.2M in Q1 2025, driven by significantly stronger product tanker market and fleet dislocation from geopolitical disruptions
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Ampera Inc.minorStrategic or Co-development Partner · 1 April 2026Scorpio Tankers announced a $10 million strategic collaboration with Ampera Inc. to develop micronuclear power solutions for maritime applications, including floating nuclear power barges and nuclear-powered vessels. Scorpio provides marine engineering, regulatory, and commercial expertise while Ampera supplies proprietary microreactor technology for decarbonization of the maritime sector.
• Carbon RidgecoreTechnology or Integration · 1 July 2025Scorpio Tankers partnered with Carbon Ridge to deploy a centrifugal onboard carbon capture and storage (OCCS) system aboard the STI Spiga LR2 product tanker as a full-scale pilot. The five-month commercial pilot at Besiktas Shipyard in Turkey achieved DNV-verified peak CO2 capture rates of 98%, the first maritime deployment of centrifugal OCCS technology. The system uses a proprietary centrifugal separation method achieving 75% equipment footprint reduction compared to conventional solutions.

Scale indicators12 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• BW LPG Limited: Largest LPG carrier globally, part of BW Group. Adjacent tanker shipping operator with similar pool-based commercial structure and customer base, providing a relevant benchmark for tanker shipping economics and shareholder returns.
• Teekay Corporation: Larger diversified marine operator with shuttle tankers, FPSO, and conventional tanker exposure. Broader portfolio but overlapping tanker shipping expertise and customer relationships make it a relevant comparable for Scorpio's product tanker operations.

Direct peers

• Ardmore Shipping Corporation: Product and chemical tanker operator with MR and LR1 vessels. Smaller-scale direct competitor with similar focus on refined product transportation for oil majors and traders in Atlantic and Pacific basins.
• DHT Holdings Inc. Pure-play VLCC operator with crude oil tanker focus. While primarily crude rather than product, DHT competes for capital and investor mindshare in the tanker space and serves overlapping oil major customers.
• Hafnia Limited: One of the largest product tanker operators globally with LR2 and MR fleet. Part of the BW Group, Hafnia competes directly with Scorpio in product tanker pools and spot markets across the same global trading regions.
• International Seaways Inc. NYSE-listed tanker operator with VLCC, Suezmax, LR2, and MR product/crude tankers. Directly competes with Scorpio in product tanker pool systems and spot markets with overlapping trading routes and similar end customers.
• Torm plc: Pure-play product tanker operator with LR2 and MR vessels, operating in similar pool structures (Torm is also a Scorpio pool participant historically). Directly comparable fleet composition and customer base.
• Euronav NV: Major crude and product tanker operator with VLCC and Suezmax focus. Closely comparable business model with similar time charter, spot, and pool deployment strategies serving oil majors and refiners globally.
• Frontline plc: Largest publicly traded product and crude tanker operator globally with a fleet of VLCCs, Suezmax, LR2, and MR vessels. Directly comparable to Scorpio Tankers in fleet composition, business model (pool and spot operations), and customer base of oil majors and refiners.

Others

• Star Bulk Carries Corp. Largest dry bulk carrier globally. Not directly competing in tankers, but relevant as a comparator shipping company listed in similar markets, sharing investor base and subject to similar shipping cycle dynamics and environmental regulations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ScorpioTankers
• Facebookfacebook.com/scorpiogroupshipping
• LinkedInlinkedin.com/company/scorpiotankers
• Instagraminstagram.com/scorpiogroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scorpio Tankers