Shipping stocks have been a tough sell to investors in a Covid-19 ravaged market, even for tanker owners who reported record first-half profits.
So while Scorpio Tankers is not alone in its woes, it has seen its stock deflate more than most, falling 71% from its $39.69 share price on 2 January to a close of $11.60 last week.
The world's largest product-tanker owner was among the bottom five performers among 30 US-listed shipping stocks in year-to-date rankings supplied recently by investment bank Jefferies.
