Scorpio Tankers President, Robert Bugbee, Discusses Corporate Strategy and Product Tanker Sector Outlook
NEW YORK, Aug. 10, 2023 (GLOBE NEWSWIRE) -- With the occasion of the recently announced financial and operational results of Q2 2023, Mr. Robert Bugbee, President of Scorpio Tankers (NYSE: STNG) participated in Capital Link’s Trending News Podcast Series, hosted by Mr. Nicolas Bornozis, President of Capital Link. In this Podcast Series, company management discusses and comments on recent news and announcements.
During the interview, Mr. Robert Bugbee gave an update on Scorpio’s corporate strategy and product tanker sector fundamentals.
Interview Highlights: (indicating the time each topic is addressed in the interview)
Cornerstone of corporate strategy @ 1:30
On buybacks and capital allocation @ 3:54
Dividend Policy @ 5:20
Product tanker sector @ 7:08
Outlook of freight markets @ 10:00
Product tanker – Supply side @ 11:05
Russian sanctions impact on shipping @ 12:20
STNG’s share performance versus its NAV @ 12:48
Rationale behind recent investments in two public companies @ 14:34
Closing remarks @ 17:01
The full interview can be accessed on the Capital Link TV page linked below:
https://youtu.be/dqWpg_t1zkI
About Scorpio Tankers Inc.
Scorpio Tankers Inc. (NYSE: STNG) is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns, lease finances or bareboat charters-in 112 product tankers (39 LR2 tankers, 59 MR tankers and 14 Handymax tankers) with an average age of 7.5 years.
Visit the company website at www.scorpiotankers.com
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