9:56 am Marine Transportation Play Scorpio Tankers Trades 2% Higher Following Earnings
Scorpio Tankers (STNG 10.25 +0.20) is trading this morning following its quarterly earnings results.
Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 67 tankers (12 LR2 tankers, 15 Handymax tankers, and 40 MR tankers).
The company owns and/or operates a fleet of modern product tankers. Its ships are "downstream" in the petroleum supply chain, distributing products like gasoline, heating oil, and fuel oil from …More