Scorpio Tankers continues to posture for an improved product market despite falling to a deeper than expected fourth quarter loss today.
The New York-listed owner revealed the addition of further time chartered tonnage in a report that showed an adjusted loss of $39.2m for the final three months of 2017.
Pressed by analysts on a conference call why the company was chartering in ships right now, president Robert Bugbee said: "Because we think we can make money on it."
