STNG
NYSE · Energy · Oil & Gas Midstream · MC
Scorpio Tankers Inc. (NYSE:STNG) is a Monaco-based shipping company that was incorporated in 2009 and went public in 2010. The company operates one of the world's largest fleets of product tankers, specializing in the seaborne transportation of refined petroleum products such as gasoline, diesel, jet fuel, and other distillates. Founded during a period of significant growth in global refined product trade, Scorpio Tankers has built a modern fleet of 124 vessels and established itself as a major player in the global product tanker market. The company has undergone significant financial restructuring in recent years, dramatically reducing its debt burden while returning substantial capital to shareholders through dividends and share buybacks.