Scorpio Tankers Inc. released its October 2024 Company Presentation, showcasing a robust financial and operational profile. The company's fleet comprises 102 vessels, with an average age of 8.5 years, and 81 of these vessels are equipped with scrubbers, indicating a focus on modern and efficient operations.
The presentation highlighted a significant reduction in overall indebtedness, with approximately $2.2 billion cut from December 31, 2021, through June 30, 2024. This deleveraging effort underscores the company's commitment to strengthening its balance sheet and improving financial resilience.
Furthermore, Scorpio Tankers demonstrated its dedication to shareholder returns, having repurchased $774 million of its shares and paid $101 million in dividends from January 1, 2023, through September 6, 2024. These actions reflect a disciplined capital allocation strategy aimed at enhancing shareholder value.
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