Cash FlowTanker rates are currently 2 to 3 times the breakeven level, which is helping to improve cash flow for the company.
Debt ReductionScorpio Tankers has significantly reduced its debt by $2.2 billion over the past two years, which has lowered its cash operating breakeven to $12,500 per day.
Financial PerformanceScorpio Tankers posted second-quarter results that exceeded expectations due to higher revenues from beneficial mix and increased LR2 rates.