Shipping’s top-performing stock of 2022 gained 5% out of the trading gate on Tuesday as investors recognised a strong quarterly earnings beat and continued robust rates guidance for the final three months of the year.
Scorpio Tankers shares topped $50 in early trading on the New York Stock Exchange after executives laid out strong market fundamentals in clean products and their intention to keep reducing debt while wielding a fresh $250m securities buyback authorisation.
