Scorpio Tankers is founded on the principals of smart allocation of capital, good governance and superior vessel management.
Asset values in the tanker industry are significantly below the last 10 year trailing averages. We believe that current circumstances present an opportunity for us to grow our fleet at favorable prices.
We intend to employ a chartering strategy to capture upside opportunities in the spot market while using fixed-rate time charters to reduce downside risks. Through our participation in tanker pools managed by the Scorpio Group, we believe that the utilization and economic returns of our vessels will be enhanced.
We intend to minimize operating and corporate expenses. Under the management agreements with affiliates of the Scorpio Group, we will access superior technical and commercial management at a cost that would be lower than what could be achieved by performing the functions in-house.