Debt ReductionScorpio Tankers has significantly reduced its debt by $2.2 billion, lowering its cash operating breakeven to $12,500 per day.
Market PositionScorpio Tankers has raised its stake in DHT to 7.2%, potentially strengthening its position in the market.
Revenue PerformanceRevenues topped estimates due to fewer off hire days, with a significant beat driven by 470 days compared to the forecast of 606 days.