science

Scorpio Tankers

Scorpio Tankers is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Scorpio Tankers rather than just read about it. In short: Scorpio Tankers Inc. is a tanker shipping company founded by Emanuele A. Lauro on 1 July 2009.

Key takeaways

Scorpio Tankers belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect Scorpio Tankers to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of Scorpio Tankers from memory before moving on to harder problems.

Reference excerpt

Scorpio Tankers Inc. is a tanker shipping company founded by Emanuele A. Lauro on 1 July 2009. It is an international provider in the transportation of refined petroleum products. Scorpio Tankers is headquartered in Monaco and trades on the New York Stock Exchange. The company has the most LR2 tankers exposure of the public companies.

History In 1976, Italian businessman Glauco Lolli-Ghetti founded Scorpio Ship Management in New York and soon returned to Europe, settling in Monaco. In 2003, Scorpio Ship Management was headed by the businessman's grandson, 24-year-old Emanuele A. Lauro. In 2009, the tanker fleet was separated into a separate structure, Scorpio Tankers. Scorpio Tankers was incorporated in the Republic of the Marshall Islands. Scorpio Tankers’ principal executive office is in Monaco with an office in New York, NY. In April 2010, Scorpio Tankers completed its underwriting initial public offering on the New York Stock Exchange (NYSE) and its common shares are listed for trading on the NYSE as “STNG”. The company put up 12.5 million shares for sale at a starting price of $13. As a result, it raised about $150 million. In 2014, Scorpio Tankers sold eight just built VLCCs, generating $50 million in net profit from the difference in price at the stage of ordering and the cost of the finished vessel. In May 2017, the company signed a merger with Navig8 Product Tankers, acquiring their 27 recently built LR tankers. The deal made Scorpio Tankers the largest product tanker firm on a U.S. securities exchange. In January 2021, Scorpio Tankers decided to sell and lease back one LR2 product tanker and three MR product tankers to China’s AVIC International Leasing. In March 2021, the company announced $138.2 million convertible note exchange and a new issuance.

Fleet The company currently owns or finance leases 128 product tankers:

42 LR2 tankers 12 LR1 tankers 56 MR tankers (including 4 newbuilds and 14 Handymax tankers) 3 MR tankers 7 Handymax tankers

References

Worked examples

Example 1 — a first encounter with Scorpio Tankers

Start with the simplest possible case. Write down what Scorpio Tankers claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Scorpio Tankers before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Scorpio Tankers ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Scorpio Tankers

In research: Scorpio Tankers appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses Scorpio Tankers in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: Scorpio Tankers is common in secondary-school and first-year university syllabi. It links to neighbouring topics 1976 establishments in New York City, Companies based in New York City, Companies listed on the New York Stock Exchange, so understanding it makes those chapters shorter.
In everyday life: Look for Scorpio Tankers outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study Scorpio Tankers in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what Scorpio Tankers means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain Scorpio Tankers out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Scorpio Tankers in simple terms?

Scorpio Tankers Inc. is a tanker shipping company founded by Emanuele A. Lauro on 1 July 2009.

Why does Scorpio Tankers matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Scorpio Tankers?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Scorpio Tankers.