Scorpio Tankers Inc. provides seaborne transportation of crude oil and refined petroleum products worldwide. The company's core operations involve the maritime movement of energy commodities to support global supply chains. As of March 19, 2026, the company operated a fleet of 90 wholly owned tankers consisting of 34 LR2, 42 MR, and 14 Handymax vessels with a weighted average age of approximately 10.1 years. Notably, many vessels in the fleet are equipped with scrubber systems to comply with sulfur emissions regulations, allowing operation in emission control areas.

Scorpio Tankers generates revenue through time charter agreements, spot market voyages, and participation in commercial pools operated by related entities. The company secures fixed income via longer term time charters, exemplified by recent agreements such as a time charter agreement for LR2 vessel STI Lombard for five years at a rate of $33,000 per day and a time charter agreement for STI Rambla for eight years at a rate of $30,500 per day. Revenue is also derived from voyage charters in the spot market where rates fluctuate based on cargo availability and vessel supply. Furthermore, Scorpio earns through its involvement in commercial pools operated by related entities including the Scorpio LR2 Pool (SLR2P), the Scorpio MR Pool (SMRP), and the Scorpio Handymax Tanker Pool (SHTP), which aggregate vessels from multiple owners to optimize utilization, negotiate better charter rates, and provide customers with reliable service and scheduling flexibility.

Scorpio Tankers maintains a competitive stance in the global tanker sector through its modern fleet and adaptable employment strategy. The company's vessel mix spanning LR2, MR, and Handymax classes allows it to serve both crude oil and refined petroleum products effectively while adjusting to shifts in trade flows and demand patterns. While the tanker industry features intense competition from numerous global operators, Scorpio benefits from its scale of 90 vessels and integration with affiliated commercial pools, which collectively enhance vessel occupancy rates and revenue stability. Additionally, the company's focus on younger vessels with an average age of 10.1 years positions it favorably against older fleets in terms of operational efficiency and regulatory compliance.

The company serves an international clientele engaged in the energy sector including major integrated oil companies, independent petroleum traders, and refining corporations requiring marine transportation services. These customers utilize Scorpio's vessels for the movement of commodities such as crude oil, gasoline, diesel, jet fuel, and other petroleum products across key trade routes. Although specific customer names are not disclosed in the filing, the nature of Scorpio's revenue streams comprising time charters, spot voyages, and pool participation indicates relationships with entities involved in global energy trading, refining, and distribution activities spanning regions from the Americas to Europe and Asia.