NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) -- With the occasion of the recently announced financial and operational results of Q1 2023, Mr. Robert Bugbee, President and Director of Scorpio Tankers Inc. (NYSE: STNG), participated in Capital Link’s Trending News Podcast Series, hosted by Mr. Nicolas Bornozis, President of Capital Link. In this Podcast Series company management discusses and comments on recent news and announcements.
During a 30-minute interview, he discussed Scorpio Tankers business, chartering and capital allocation strategies as well as the current market conditions and outlook of the product tanker sector.
Interview Highlights
- Fleet development – rationale for the repurchasing of 42 vessels.
- STNG’s focus on refinancing, deleveraging and liquidity.
- Chartering strategy.
- Capital allocation – fleet development; share buy backs and dividend policy.
- Current conditions and outlook of the product tanker sector.
The full interview can be accessed on the Capital Link TV page linked below: https://www.youtube.com/watch?v=Sx-TVpVgmnY
About Scorpio Tankers, Inc.
Scorpio Tankers Inc. (NYSE: STNG) is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns, lease finances or bareboat charters-in 113 product tankers (39 LR2 tankers, 60 MR tankers and 14 Handymax tankers) with an average age of 7.3 years. Additional information about the Company is available at the Company’s website www.scorpiotankers.com.
FORWARD LOOKING STATEMENTS
Capital Link’s webinars, podcasts and presentations may contain "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "will," "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the beliefs of each participating Company regarding future results, many of which, by their nature are inherently uncertain and outside of the control of the Companies. Actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For more information about risks and uncertainties associated with the participating companies, please refer to the regulatory filings of each participating company with the SEC.
CAPITAL LINK – DISCLAIMER
Founded in 1995, Capital Link provides Investor & Public Relations and Media services to several listed and private companies, including companies featured in these webinars, podcasts and presentations. All these, including the one mentioned above, are for informational and educational purposes and should not be relied upon. They do not constitute an offer to buy or sell securities or investment advice or advice of any kind. The views expressed are not those of Capital Link which bears no responsibility for them. In addition, Capital Link organizes a series of industry and investment conferences annually in key industry centers in the United States, Europe and Asia, all of which are known for combining rich educational and informational content with unique marketing and networking opportunities. Capital Link is a member of the Baltic Exchange. Based in New York City, Capital Link has presence in London, Athens & Oslo. For additional information please visit: www.capitallink.com
CONTACT
For more information on the please email forum@capitallink.com or call +1 212 661-7566.
