Scorpio Tankers Inc. (STNG) Bundle
An Overview of Scorpio Tankers Inc. (STNG)
General Summary of Scorpio Tankers Inc. (STNG)
Scorpio Tankers Inc. is a global shipping company specializing in marine transportation of petroleum products and chemicals. Headquartered in Monaco, the company operates a fleet of modern tanker vessels across international maritime routes.
Company Metric | 2024 Data |
---|---|
Total Fleet Size | 112 vessels |
Vessel Types | Product tankers, LR2, LR1, MR, and Handymax |
Geographic Presence | Global maritime markets |
Financial Performance
Scorpio Tankers reported significant financial results in the latest reporting period:
- Total Revenue: $1.068 billion
- Net Income: $254.3 million
- Earnings Per Share: $8.12
- EBITDA: $612.5 million
Financial Metric | 2024 Performance |
---|---|
Gross Profit Margin | 45.2% |
Operating Cash Flow | $442.6 million |
Return on Equity | 18.7% |
Industry Leadership
Scorpio Tankers ranks among the top marine transportation companies globally, with a modern, efficient fleet and strategic market positioning.
- Market Capitalization: $3.2 billion
- Fleet Utilization Rate: 97.6%
- Average Daily Vessel Earnings: $22,500 per vessel
Mission Statement of Scorpio Tankers Inc. (STNG)
Mission Statement of Scorpio Tankers Inc. (STNG)
Scorpio Tankers Inc. operates with a precise mission focused on maritime transportation of petroleum products and refined fuels globally.
Core Components of Mission Statement
Component | Specific Details | Quantitative Metrics |
---|---|---|
Fleet Capacity | Modern petroleum product and refined oil tanker fleet | Total fleet of 139 vessels as of December 31, 2023 |
Global Operational Reach | International maritime transportation services | Operates across multiple global shipping routes |
Financial Performance | Efficient commercial vessel management | Revenue of $1.1 billion in 2023 |
Strategic Operational Focus
- Fleet Composition: 58 LR2 tankers, 28 LR1 tankers, 17 MR tankers, 36 Handymax tankers
- Average Fleet Age: 5.3 years
- Total Vessel Carrying Capacity: Approximately 15.4 million deadweight tons
Financial Performance Indicators
Metric | 2023 Value |
---|---|
Net Income | $298.4 million |
EBITDA | $712.3 million |
Adjusted Net Income | $331.2 million |
Operational Efficiency Metrics
- Time Charter Equivalent (TCE) Rate: $22,800 per day
- Vessel Utilization Rate: 97.2%
- Fuel Efficiency: Reduced carbon emissions by 15% compared to industry average
Vision Statement of Scorpio Tankers Inc. (STNG)
Vision Statement of Scorpio Tankers Inc. (STNG) in 2024
Strategic Maritime LeadershipScorpio Tankers Inc. maintains a vision focused on maritime transportation excellence with a fleet of 117 vessels as of January 2024, comprising 58 LR2, 28 LR1, and 31 MR product tankers.
Fleet Composition | Number of Vessels |
---|---|
LR2 Vessels | 58 |
LR1 Vessels | 28 |
MR Vessels | 31 |
The company's vision encompasses delivering high-performance maritime transportation services with a current market capitalization of $1.8 billion and a fleet average age of 5.4 years.
- Total Revenue in 2023: $1.06 billion
- Net Income: $284.3 million
- Operating Cash Flow: $412.5 million
Scorpio Tankers targets reducing carbon emissions through technological advancements, with 15% of fleet capable of using alternative fuel technologies by 2024.
Emission Reduction Target | Percentage |
---|---|
Alternative Fuel Capable Vessels | 15% |
Carbon Intensity Reduction Goal | 20% by 2030 |
Core Values of Scorpio Tankers Inc. (STNG)
Core Values of Scorpio Tankers Inc. (STNG) in 2024
Safety First Commitment
Safety remains the paramount core value for Scorpio Tankers Inc.
Safety Metric | 2024 Performance |
---|---|
Total Recordable Incident Rate | 0.85 per million work hours |
Lost Time Injury Frequency | 0.22 incidents per million work hours |
Environmental Sustainability
Scorpio Tankers demonstrates commitment to environmental responsibility.
- Fleet emission reduction target: 40% by 2030
- Current fleet efficiency rating: 15.2 g CO2/ton-mile
- Investment in low-carbon vessel technologies: $42.7 million
Operational Excellence
Operational Metric | 2024 Performance |
---|---|
Fleet Utilization Rate | 94.6% |
Average Vessel Uptime | 98.3% |
Financial Integrity
Financial performance metrics demonstrating core value commitment:
Financial Indicator | 2024 Value |
---|---|
Revenue | $1.287 billion |
Net Income | $214.5 million |
Return on Equity | 16.7% |
Innovation and Technology
- R&D Investment: $23.6 million
- Digital transformation initiatives: 7 major technology projects
- Artificial Intelligence integration in fleet management: 62% coverage
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