Red Sea situation supporting ‘enormous’ cashflow for Scorpio Tankers while sanctions enforcement also a boost
Company ups dividend again and reiterates commitment to continue deleveraging
Scorpio has reported strong fourth-quarter earnings, upped its dividend and reiterated its focus on deleveraging. Red Sea diversions have tightened capacity, helping propel LR2 tanker rates for LR2 tankers, reflected in strong guidance for the first quarter