STNG Stock - Scorpio Tankers Inc.

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Scorpio Tankers Inc., along with its subsidiaries, operates globally in the shipping industry, specializing in the transportation of refined petroleum products via seaborne routes. The company boasts a robust fleet that includes 124 tankers as of March 18, 2022, comprising vessels under ownership, finance lease, or bareboat charter arrangements. This diverse fleet is categorized into 42 LR2 tankers, 6 LR1 tankers, 62 MR tankers, and 14 Handymax tankers, with an average fleet age of approximately 6.2 years, highlighting Scorpio Tankers' commitment to maintaining a modern and efficient maritime transport infrastructure.

Established in 2009 and headquartered in Monaco, Scorpio Tankers Inc. has swiftly established itself as a key player in the global refined petroleum transportation market. The company's strategic presence in major shipping routes worldwide enables it to cater to the evolving needs of energy markets, ensuring timely and reliable delivery of petroleum products to various destinations. Scorpio Tankers' operational excellence and rigorous adherence to safety and environmental standards underscore its reputation as a trusted partner in the maritime logistics sector.

Beyond its core shipping operations, Scorpio Tankers Inc. remains focused on sustainable growth and strategic expansion initiatives. By leveraging its expertise in vessel management and logistics, the company seeks to optimize fleet utilization and enhance shareholder value. With a forward-looking approach and a strong foundation in maritime logistics, Scorpio Tankers Inc. continues to navigate dynamic market conditions while upholding its commitment to operational efficiency and customer satisfaction.

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