Scorpio Tankers (STNG) 6-K 1 Oct 21 2021 Q2 Current report (foreign) Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2021
Document and Entity Information [Abstract]
Entity Registrant Name	Scorpio Tankers Inc.
Entity Central Index Key	0001483934
Document Type	6-K
Document Period End Date	Jun. 30, 2021
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 282,229	$ 187,511
Accounts receivable	31,730	33,017
Prepaid expenses and other current assets	10,450	12,430
Inventories	8,396	9,261
Total current assets	332,805	242,219
Non-current assets
Vessels and drydock	3,925,151	4,002,888
Right of use assets for vessels	784,770	807,179
Other assets	97,445	92,145
Goodwill	8,900	8,900
Restricted cash	5,293	5,293
Total non-current assets	4,821,559	4,916,405
Total assets	5,154,364	5,158,624
Current liabilities
Current portion of long-term bank debt and bonds	233,259	172,705
Sale and leaseback liability	158,082	131,736
IFRS 16 - lease liability	54,386	56,678
Accounts payable	12,302	12,863
Accrued expenses	23,699	32,193
Total current liabilities	481,728	406,175
Non-current liabilities
Long-term bank debt and bonds	824,401	971,172
Sale and leaseback liability	1,342,415	1,139,713
IFRS 16 - lease liability	548,407	575,796
Total non-current liabilities	2,715,223	2,686,681
Total liabilities	3,196,951	3,092,856
Shareholders’ equity
Common stock, $0.01 par value per share; 150,000,000 shares authorized; 58,369,516 and 58,093,147 issued and outstanding shares as of June 30, 2021 and December 31, 2020, respectively.	659	656
Additional paid-in capital	2,857,024	2,850,206
Treasury shares	(480,172)	(480,172)
Accumulated deficit	(420,098)	(304,922)
Total shareholders’ equity	1,957,413	2,065,768
Total liabilities and shareholders’ equity	$ 5,154,364	$ 5,158,624

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - Common stock - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Disclosure of classes of share capital [line items]
Par value per share (in dollars per share)	$ 0.01	$ 0.01
Number of shares authorised (in shares)	150,000,000	150,000,000
Number of shares outstanding (in shares)	58,369,516	58,093,147
Number of shares issued (in shares)	58,369,516	58,093,147

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Income or Loss - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Revenue
Vessel revenue	$ 273,607	$ 600,407
Operating expenses
Vessel operating costs	(163,900)	(161,221)
Voyage expenses	(2,781)	(7,125)
Depreciation - owned or sale and leaseback vessels	(98,006)	(94,943)
Depreciation - right of use assets for vessels	(22,041)	(26,806)
General and administrative expenses	(26,884)	(36,010)
Total operating expenses	(313,612)	(326,105)
Operating (loss) / income	(40,005)	274,302
Other (expense) and income, net
Financial expenses	(69,973)	(83,892)
Loss on Convertible Notes exchange	(5,504)	0
Financial income	412	860
Other expenses, net	(106)	(702)
Total other expense, net	(75,171)	(83,734)
Net (loss) / income	(115,176)	190,568
Attributable to:
Equity holders of the parent	$ (115,176)	$ 190,568
(Loss) / Earnings per share
Basic (in dollars per share)	$ (2.12)	$ 3.48
Diluted (in dollars per share)	$ (2.12)	$ 3.21
Basic weighted average shares outstanding (in shares)	54,388,504	54,747,345
Diluted weighted average shares outstanding (in shares)	54,388,504	61,801,095

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity $ in Thousands		USD ($)	Share capitalUSD ($)shares	Additional paid-in capitalUSD ($)	Treasury sharesUSD ($)	Accumulated deficitUSD ($)
Beginning balance (in shares) at Dec. 31, 2019 | shares			58,202,400
Beginning balance at Dec. 31, 2019		$ 1,976,989	$ 646	$ 2,842,446	$ (467,057)	$ (399,046)
Net income (loss) for the period		190,568				190,568
Issuance of restricted stock, net of forfeitures (in shares) | shares			469,280
Issuance of restricted stock, net of forfeitures		0	$ 5	(5)
Amortization of restricted stock, net of forfeitures		15,355		15,355
Dividends paid	[1]	(11,739)		(11,739)
Net proceeds from issuance of common shares pursuant to the at the market program (in shares) | shares			137,067
Net proceeds from issuance of common shares pursuant to the at the market program		2,575	$ 1	2,574
Equity issuance costs		(8)		(8)
Ending balance (in shares) at Jun. 30, 2020 | shares			58,808,747
Ending balance at Jun. 30, 2020		2,173,740	$ 652	2,848,623	(467,057)	(208,478)
Beginning balance (in shares) at Dec. 31, 2020 | shares			58,093,147
Beginning balance at Dec. 31, 2020		2,065,768	$ 656	2,850,206	(480,172)	(304,922)
Net income (loss) for the period		(115,176)				(115,176)
Issuance of restricted stock, net of forfeitures (in shares) | shares			276,369
Issuance of restricted stock, net of forfeitures		0	$ 3	(3)
Amortization of restricted stock, net of forfeitures		12,483		12,483
Dividends paid	[1]	(11,646)		(11,646)
Equity issuance costs		0
Equity component of issuance of Convertible Notes due 2025		7,502		7,502
Write off of equity portion of Convertible Notes due 2022		(1,518)		(1,518)
Ending balance (in shares) at Jun. 30, 2021 | shares			58,369,516
Ending balance at Jun. 30, 2021		$ 1,957,413	$ 659	$ 2,857,024	$ (480,172)	$ (420,098)
[1]	The Company's policy is to distribute dividends from available retained earnings first and then from additional paid in capital.

Unaudited Consolidated Consolid

Unaudited Consolidated Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	Jun. 15, 2021	Mar. 15, 2021	Jun. 30, 2021	Jun. 30, 2020
Statement of changes in equity [abstract]
Dividends paid, ordinary shares per share (in dollars per share)	$ 0.10	$ 0.10	$ 0.20	$ 0.20

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Cash Flow Statements $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)vessel
Operating activities
Net (loss) / income	$ (115,176)	$ 190,568
Depreciation - owned or sale and leaseback vessels	98,006	94,943
Depreciation - right of use assets for vessels	22,041	26,806
Amortization of restricted stock	12,483	15,355
Amortization of deferred financing fees	3,689	3,086
Write-off of deferred financing fees and unamortized discounts on sale and leaseback facilities	1,326	313
Accretion of Convertible Notes	5,384	4,565
Accretion of fair value measurement on debt assumed from historical acquisitions	1,686	1,742
Loss on Convertible Notes exchange	5,504	0
Cash flows from (used in) operations before changes in working capital	34,943	337,378
Changes in assets and liabilities:
Decrease / (increase) in inventories	866	(1,160)
Decrease / (increase) in accounts receivable	1,287	(36,748)
(Increase) / decrease in prepaid expenses and other current assets	(1,933)	1,998
(Increase) / decrease in other assets	(297)	666
Decrease in accounts payable	(297)	(5,423)
Decrease in accrued expenses	(8,647)	(4,616)
Increase (decrease) in working capital	(9,021)	(45,283)
Net cash inflow from operating activities	25,922	292,095
Investing activities
Drydock, scrubber, ballast water treatment system and other vessel related payments (owned, finance leased and bareboat-in vessels)	(27,308)	(119,805)
Net cash outflow from investing activities	(27,308)	(119,805)
Financing activities
Principal repayments on debt and sale and leaseback obligations	(341,449)	(381,657)
Issuance of debt	367,578	318,194
Debt issuance costs	(9,124)	(9,706)
Principal repayments on IFRS 16 lease liabilities	(28,674)	(41,668)
Issuance of Convertible Notes	119,419	0
Gross proceeds from issuance of common stock	0	2,601
Equity issuance costs	0	(26)
Dividends paid	(11,646)	(11,739)
Net cash inflow / ( outflow) from financing activities	96,104	(124,001)
Increase in cash and cash equivalents	94,718	48,289
Cash and cash equivalents at beginning of period	187,511	202,303
Cash and cash equivalents at end of period	282,229	250,592
Supplemental information:
Interest paid (which includes $1.0 million of interest capitalized during the six months ended June 30, 2020. No interest expenses were capitalized during the six months ended June 30, 2021.)	57,143	$ 75,848
Right of use assets for vessels	784,770
Lease liabilities	602,793
Trafigura Transaction
Supplemental information:
Number of vessel delivered | vessel		3
Obligations under bareboat charter		$ 670,000
Bareboat chartered in product tankers
Supplemental information:
Right of use assets for vessels		1,600
Lease liabilities		$ 1,600
Number of bareboat chartered-in vessels | vessel		3
Convertible Notes Due 2022
Operating activities
Loss on Convertible Notes exchange	$ 5,500
Convertible Notes Due 2025
Supplemental information:
Borrowings interest rate	3.00%
$670.0 million Lease Financing | Trafigura Transaction
Supplemental information:
Obligations under bareboat charter		$ 103,600

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Cash Flow Statements (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Statement of cash flows [abstract]
Interest costs capitalised	$ 0	$ 1

General information and signifi

General information and significant accounting policies	6 Months Ended
	Jun. 30, 2021
Corporate Information And Statement Of IFRS Compliance [Abstract]
General information and significant accounting policies	General information and significant accounting policies Company Scorpio Tankers Inc. and its subsidiaries (together “we”, “our” or the “Company”) are engaged in the seaborne transportation of refined petroleum products in the international shipping markets. Scorpio Tankers Inc. was incorporated in the Republic of the Marshall Islands on July 1, 2009. On April 6, 2010, we closed on our initial public offering, and our common stock currently trades on the New York Stock Exchange under the symbol STNG. Our fleet as of June 30, 2021 consisted of 131 owned, sale and leaseback, or bareboat chartered-in product tankers (14 Handymax, 63 MR, 12 LR1 and 42 LR2). Our vessels are commercially managed by Scorpio Commercial Management S.A.M., or SCM, which is majority owned by the Lolli-Ghetti family of which Mr. Emanuele Lauro, our founder, Chairman and Chief Executive Officer, and Mr. Filippo Lauro, our Vice President, are members. SCM’s services include securing employment for the vessels in our fleet, in pools, in the spot market, and on time charters. Our vessels are technically managed by Scorpio Ship Management S.A.M., or SSM, which is majority owned by the Lolli-Ghetti family. SSM facilitates vessel support such as crew, provisions, deck and engine stores, insurance, maintenance and repairs, and other services necessary to operate the vessels such as drydocks and vetting/inspection under a technical management agreement. We also have an administrative services agreement with Scorpio Services Holding Limited, or SSH, which is majority owned by the Lolli-Ghetti family. The administrative services provided under this agreement primarily include accounting, legal compliance, financial, information technology services, and the provision of administrative staff and office space, which are contracted to subsidiaries of SSH. We pay our managers fees for these services and reimburse them for direct or indirect expenses that they incur in providing these services. Basis of accounting The unaudited condensed consolidated financial statements have been presented in United States dollars (“USD” or “$”), which is the functional currency of Scorpio Tankers Inc. and all of its subsidiaries. The unaudited condensed consolidated financial statements for the six months ended June 30, 2021 have been prepared in accordance with International Accounting Standard, or IAS 34, Interim Financial Statements , as issued by the International Accounting Standards Board, or IASB, using the same accounting policies as adopted in the preparation of the consolidated financial statements for the year ended December 31, 2020. These unaudited condensed consolidated interim financial statements do not include all of the information required for full annual financial statements prepared in accordance with International Financial Reporting Standards or IFRS. Going concern The unaudited condensed consolidated financial statements have been prepared in accordance with the going concern basis of accounting as described further in the "Liquidity risk" section of Note 18. Liquidity risk is the risk that an entity will encounter difficulty in raising funds to meet commitments associated with financial instruments. We manage liquidity risk by maintaining adequate reserves and borrowing facilities and by continuously monitoring forecast and actual cash flows. Liquidity risks can manifest themselves when economic conditions deteriorate or when we have significant maturities of our financial instruments. The financing for one vessel under our Citi / K-Sure Credit Facility of $19.3 million is scheduled to mature in March 2022. Additionally, during the second quarter of 2022, the following maturities are scheduled: (i) the financing for three vessels under the Citi/K-Sure Credit Facility of $57.6 million in aggregate, (ii) the Convertible Notes due 2022 of $69.7 million, and (iii) one vessel under the ING Credit Facility of $12.6 million in aggregate. Inclusive of these maturities and other scheduled debt payments, the overall gross current debt balance is $458.6 million. While we believe our current financial position is adequate to address these cash outflows, a deterioration in economic conditions could cause us to breach the covenants under our financing arrangements and could have a material adverse effect on our business, results of operations, cash flows and financial condition. These circumstances could cause us to seek covenant waivers from our lenders and to pursue other means to raise liquidity, such as through the sale of vessels or in the capital markets, to meet our obligations. Adoption of new and amended IFRS and International Financial Reporting Interpretations Committee interpretations No significant standards and interpretations were adopted during the six months ended June 30, 2021. Standards and interpretations adopted during the six months ended June 30, 2020 • Amendments to IAS 1 and IAS 8 - Definition of Material • Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest Rate Benchmark Reform The adoption of these standards did not have a significant impact on these consolidated financial statements.

Accounts receivable

Accounts receivable	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Accounts receivable	Accounts receivable The following is a table summarizing our accounts receivable as of June 30, 2021 and December 31, 2020: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Scorpio MR Pool Limited $ 13,866 $ 9,751 Scorpio LR2 Pool Limited 8,819 10,698 Scorpio LR1 Pool Limited 3,477 2,367 Scorpio Handymax Tanker Pool Limited 1,656 3,597 Scorpio Commercial Management S.A.M. — 284 Receivables from related parties 27,818 26,697 Freight and time charter receivables 2,846 — Insurance receivables 405 5,259 Other receivables 661 1,061 $ 31,730 $ 33,017 Scorpio MR Pool Limited, Scorpio LR2 Pool Limited, Scorpio Handymax Tanker Pool Limited, and Scorpio LR1 Pool Limited, or the Scorpio Pools, are related parties, as described in Note 12. Amounts due from the Scorpio Pools relate to income receivables and receivables for working capital contributions, which are expected to be collected within one year. The amounts receivable from the Scorpio Pools as of December 31, 2020 includes $1.1 million of working capital contributions made on behalf of our four bareboat chartered-in Handymax vessels to the Scorpio Pools. The leases on these Handymax vessels expired in March 2021, and the working capital contributions were subsequently repaid by the Scorpio Pools. Freight and time charter receivables represent amounts collectible from customers for our vessels operating on time charter or in the spot market. We consider that the carrying amount of accounts receivable approximates their fair value due to the relative short maturity thereof. Accounts receivable are non-interest bearing. Our accounts receivable mostly consist of accounts receivable from the Scorpio Pools. We have never experienced a historical credit loss of amounts due from the Scorpio Pools and all amounts are considered current. Accordingly, there is no reserve for expected credit losses.

Prepaid expenses and other asse

Prepaid expenses and other assets	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Prepaid expenses and other assets	Prepaid expenses and other assets The following is a table summarizing our prepaid expenses and other current assets as of June 30, 2021 and December 31, 2020: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 SSM - prepaid vessel operating expense $ 4,535 $ 3,975 Prepaid vessel operating expenses - third parties 2,028 1,757 Prepaid insurance 1,762 574 Prepaid interest — 4,035 Other prepaid expenses 2,125 2,089 $ 10,450 $ 12,430

Vessels and drydock

Vessels and drydock	6 Months Ended
	Jun. 30, 2021
Property, plant and equipment [abstract]
Vessels and drydock	Vessels and drydock Operating vessels and drydock The following is a rollforward of the activity within Vessels and drydock from January 1, 2021 through June 30, 2021. In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2021 $ 4,773,502 $ 132,474 $ 4,905,976 Additions (1) 5,871 14,398 20,269 Fully depreciated assets (2) — (16,396) (16,396) As of June 30, 2021 4,779,373 130,476 4,909,849 Accumulated depreciation As of January 1, 2021 (849,355) (53,733) (903,088) Charge for the period (84,723) (13,283) (98,006) Fully depreciated assets (2) — 16,396 16,396 As of June 30, 2021 (934,078) (50,620) (984,698) Net book value As of June 30, 2021 $ 3,845,295 $ 79,856 $ 3,925,151 Net book value As of December 31, 2020 $ 3,924,147 $ 78,741 $ 4,002,888 (1) Additions during the six months ended June 30, 2021 primarily relate to the various costs relating to drydocks, ballast water treatment system, and scrubber installations. (2) Represents the write-offs of fully depreciated equipment and notional drydock costs on certain of our vessels. The following is a summary of the cost types that were capitalized during the six months ended June 30, 2021: In thousands of U.S. dollars Drydock (1) Notional component of scrubber Total drydock additions Scrubber (1) BWTS (1) Other equipment Capitalized interest Total vessel additions Handymax $ 774 $ — $ 774 $ — $ (107) $ 3 $ — $ (104) MR (261) — (261) 143 197 637 — 977 LR1 6,205 — 6,205 42 — 156 — 198 LR2 7,530 150 7,680 3,209 (18) 1,609 — 4,800 $ 14,248 $ 150 $ 14,398 $ 3,394 $ 72 $ 2,405 $ — $ 5,871 (1) Additions during the six months ended June 30, 2021 includes new costs and adjustments to costs accrued in prior periods relating to drydocks, ballast water treatment system, and scrubber installations. Ballast Water Treatment Systems In July 2018, we executed an agreement to purchase 55 ballast water treatment systems, or BWTS, from an unaffiliated third-party supplier for total consideration of $36.2 million. These systems have been, or are expected to be, installed through 2023 as each respective vessel under the agreement is due for its International Oil Pollution Prevention, or IOPP, renewal survey. Costs capitalized for these systems include the cost of the base equipment that we have contracted to purchase in addition to directly attributable installation costs. We estimate the useful life of these systems to be for the duration of each vessel's remaining useful life and are depreciating the equipment and related installation costs on this basis. Exhaust Gas Cleaning Systems or Scrubbers We previously commenced a program to retrofit the majority of our vessels with exhaust gas cleaning systems, or scrubbers. The scrubbers enable our vessels to use high sulfur fuel oil, which is less expensive than low sulfur fuel oil, in certain parts of the world. From August 2018 through November 2018, we entered into agreements with two separate unaffiliated third-party suppliers to retrofit a total of 77 of our vessels with such systems for total consideration of $116.1 million (which excludes installation costs). We also obtained options to retrofit additional tankers under these agreements. In June and September 2019, we exercised the option to retrofit an additional 14 and seven of our vessels, respectively, with scrubbers for total consideration of $30.3 million (which excludes installation costs). Costs capitalized for these systems include the cost of the base equipment that we have contracted to purchase in addition to directly attributable installation costs. We estimate the useful life of these systems to be for the duration of each vessel's remaining useful life, with the exception of approximately 10% of the equipment cost, which is estimated to require replacement at each vessel's next scheduled drydock. This amount has been allocated as a notional component upon installation. As of June 30, 2021, we have retrofitted a total of 79 of our vessels with scrubbers and 50 vessels with BWTS. The following table is a timeline of future expected payments and dates for our commitments to purchase scrubbers and BWTS as of June 30, 2021 (1) : In thousands of U.S. dollars As of June 30, 2021 Less than 1 month $ — 1-3 months 7,371 3 months to 1 year 8,216 1-5 years 12,083 5+ years — Total $ 27,670 (1) These amounts are subject to change as installation times are finalized. The amounts presented exclude installation costs . In April 2020, we reached an agreement with a counterparty to postpone the purchase and installation of scrubbers on 19 of our vessels. In February 2021, we amended the agreement with respect to the purchase of scrubbers on 19 of our vessels to extend the availability period to purchase these scrubbers. There are two guaranteed payments under the contract, which gives us the right, but not the obligation, to acquire a minimum of 11 and maximum of 19 scrubbers. Carrying values of vessels At each balance sheet date, we review the carrying amounts of vessels and drydock costs and right of use assets for vessels to determine if there is any indication that these amounts have suffered an impairment loss. If such indication exists, the recoverable amount of the vessels and related drydock costs is estimated in order to determine the extent of the impairment loss (if any). Recoverable amount is the higher of fair value less costs to sell and value in use. As part of this evaluation, we consider certain indicators of potential impairment, such as market conditions including forecast time charter rates and values for second-hand product tankers, discounted projected vessel operating cash flows and our overall business plans. As of June 30, 2021, we reviewed the carrying amount of our vessels and right of use assets to determine whether there was an indication that these assets had suffered an impairment. First, we assess the fair value less the cost to sell of our vessels by taking into consideration vessel valuations from leading, independent and internationally recognized ship brokers. If the carrying value exceeds the vessel’s fair value less selling costs, an indicator of impairment exists. We also consider sustained weakness in the product tanker market as an impairment indicator. If we determine that impairment indicators exist, then we prepare a value in use calculation where we estimate each vessel’s future cash flows. The value in use calculations were primarily based on (i) our best estimate of forecasted vessel revenue through the use of a combination of the latest forecast, published time charter rates for the next three years and a 2.34% growth rate (which is based on published historical and forecast inflation rates) in freight rates in each period through the vessel's 15th year of useful life, and then matched to the absolute growth in expenses in each period thereafter, (ii) our best estimate of vessel operating expenses and drydock costs, which are based on our most recent forecasts for the next three years and a 2.34% growth rate in each period thereafter, and (iii) the evaluation of other inputs such as the vessel's remaining useful life, residual value and utilization rate. These cash flows were then discounted to their present value using a pre-tax discount rate of 7.16% (7.24% at December 31, 2020). The pre-tax discount rate is determined by the evaluation of internal and external inputs such as our cost of debt, capital structure, the risk-free rate, market risk premium and industry volatility in relation to the overall market. As part of our value in use calculations, we considered the ongoing impact of the COVID-19 pandemic. The onset of the COVID-19 pandemic in March 2020 triggered extreme volatility in the oil markets which led to a build-up of global oil and refined petroleum product inventories. In June 2020, as underlying oil markets stabilized and global economies began to recover, the excess inventories that built up during this period began to slowly unwind. Nevertheless, global demand for oil and refined petroleum products remained subdued as governments around the world continued to impose travel restrictions and other measures in an effort to curtail the spread of the virus. These market conditions had an adverse impact on the demand for our vessels beginning in the third quarter of 2020 and continuing through the first half of 2021. In spite of this, during the second quarter of 2021, the easing of restrictive measures and successful roll-out of vaccines in certain countries served as a catalyst for an economic recovery in many developed countries throughout the world. Consequently, oil prices reached multi-year highs and inventories of refined petroleum products continued to be depleted. While these conditions were insufficient to stimulate spot TCE rates during the six months ended June 30, 2021 (given the uneven nature of the global economic recovery, and the restrictions that remain in place in parts of the world with low vaccine uptake), long term sentiment remains positive given the trajectory of the recovery. The published time charter rates that underpin our value in use calculations are a reflection of this market sentiment, as average time charter rates as of June 30, 2021 remained firm in spite of the near-term headwinds. This positive long-term outlook is of particular benefit to our value in use calculations, given that our vessels had an average age of 5.5 years as of June 30, 2021. We expect that the COVID-19 pandemic will continue to cause volatility in the commodities markets, particularly as new variants continue to spread. The scale and duration of these circumstances is unknowable but could have a material impact on our earnings, cash flow and financial condition for the remainder of 2021 and 2022. At June 30, 2021, our operating fleet consisted of 131 owned, finance leased or right of use asset (leases accounted for under IFRS 16 - Leases ) vessels, and we performed value in use calculations on all vessels (which we have designated as cash generating units). • 15 vessels had fair values less costs to sell in excess of their carrying amount. As such, there were no indicators of impairment for these vessels. • 113 vessels had fair values less costs to sell less than their carrying amount. Accordingly, we performed value in use calculations for these vessels. There were no instances where the present value of the operating cash flows was less than the carrying amount and therefore, no impairment charge was recorded. • 3 right of use vessels were not required to have valuations from third party brokers. We performed value in use calculations for these vessels, and there were no instances where the present value of the operating cash flows was less than the carrying amount. Therefore, no impairment charge was recorded. The impairment test that we conduct is most sensitive to variances in the discount rate and future time charter rates. Based on the sensitivity analysis performed for June 30, 2021, a 100 basis point increase in the discount rate would result in no vessels being impaired. Alternatively, a 5.0% decrease in forecasted time charter rates would result in five LR1 vessels being impaired for an aggregate $2.6 million loss. It is our belief that our base case value in use calculations, through the use of independently published time charter rates for the first three years of the analysis, form an objective approximation of forward looking cash flows based on the most recent available data in the market (which incorporates market views on the trajectory of the COVID-19 pandemic, among other factors). We believe that this approach is more advantageous to a historical average approach, which does not incorporate such perspectives and is also based on time periods when vessel operating expenses were lower (which contrasts with our calculations, where we project gradual increases in vessel operating expenses).

Right of use assets and related

Right of use assets and related lease liabilities	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Right of use assets and related lease liabilities	Right of use assets and related lease liabilities During the six months ended June 30, 2021, we had bareboat charter-in commitments on seven vessels under fixed rate bareboat agreements and 19 vessels under variable rate bareboat agreements. All of these agreements are being accounted for under IFRS 16 - Leases which amended the previous accounting standards to require lessees to recognize, on a discounted basis, the rights and obligations created by the commitment to lease assets on the balance sheet, unless the term of the lease is 12 months or less. The bareboat charters on four of the fixed rate Handymax vessels expired in March 2021. The following is the activity of the right of use assets from January 1, 2021 through June 30, 2021: In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2021 $ 853,690 $ 23,562 $ 877,252 Other (1) (349) — (349) Fully depreciated assets (1) (17,095) — (17,095) As of June 30, 2021 836,246 23,562 859,808 Accumulated depreciation and impairment As of January 1, 2021 (63,636) (6,437) (70,073) Charge for the period (19,569) (2,472) (22,041) Other (1) (19) — (19) Fully depreciated assets (1) 17,095 — 17,095 As of June 30, 2021 (66,129) (8,909) (75,038) Net book value As of June 30, 2021 $ 770,117 $ 14,653 $ 784,770 Net book value As of December 31, 2020 $ 790,054 $ 17,125 $ 807,179 (1) This amount represents the adjustment of the lease term and write-off of fully depreciated right of use assets related to the bareboat charters on four of the fixed rate Handymax vessels that expired in March 2021. Vessels recorded as right of use assets derive income from subleases through time charter-out and pool arrangements. For the six months ended June 30, 2021 and 2020, sublease income of $46.3 million and $109.3 million, respectively, is included in Vessel revenue. The following table summarizes the payments made for the six months ended June 30, 2021 and June 30, 2020 relating to lease liabilities accounted for under IFRS 16 - Leases : For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Interest expense recognized in the unaudited condensed consolidated statements of income or loss $ 12,096 $ 15,631 Principal repayments recognized in unaudited condensed consolidated cash flow statements 28,674 41,668 Net decrease / (increase) in accrued interest expense 39 (153) Net (decrease) in prepaid interest expense (45) (335) Total payments on lease liabilities under IFRS 16 $ 40,764 $ 56,811 The undiscounted remaining future minimum lease payments under bareboat charter-in arrangements that were accounted as lease liabilities under IFRS 16 - Leases as of June 30, 2021 were $734.1 million. The obligations under these agreements will be repaid as follows: As of In thousands of U.S. dollars June 30, 2021 Less than 1 year $ 77,497 1 - 5 years 284,151 5+ years 372,435 Total $ 734,083 Discounting effect (130,651) Prepaid interest expense (639) Lease liability $ 602,793 During the six months ended June 30, 2021 and 2020, we did not recognize any expenses under time and bareboat charter agreements that were accounted for as operating leases.

Other assets

Other assets	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Other assets	Other assets As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Scorpio LR2 Pool Ltd. pool working capital contributions (1) $ 35,700 $ 35,700 Scorpio MR Tanker Pool Ltd. pool working capital contributions (1) 25,200 25,200 Scorpio Handymax Tanker Pool Ltd. pool working capital contributions (2) 5,661 5,661 Scorpio LR1 Pool Ltd. pool working capital contributions (1) 6,600 6,600 Working capital contributions to Scorpio Pools 73,161 73,161 Deposits for scrubbers (3) 10,542 5,617 Seller's credit on sale leaseback vessels (4) 10,488 10,192 Investment in BWTS supplier (5) 1,751 1,751 Capitalized loan fees (6) 1,503 1,424 Other assets $ 97,445 $ 92,145 (1) Upon entrance into the Scorpio LR2, LR1 and MR Pools, all vessels are required to make initial working capital contributions of both cash and bunkers. Initial working capital contributions are repaid, without interest, upon a vessel’s exit from the pool. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within Other Assets on the unaudited condensed consolidated balance sheets. For time chartered-in vessels we classify the amounts as current (within Accounts Receivable) or non-current (within Other Assets) according to the expiration of the contract. (2) Upon entrance into the Scorpio Handymax Tanker Pool, all vessels are required to make initial working capital contributions of both cash and bunkers. Initial working capital contributions are repaid, without interest, upon a vessel's exit from each pool no later than six months after the exit date. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within Other Assets on the consolidated balance sheets. For time chartered-in vessels we classify the amounts as current (within Accounts Receivable) or non-current (within Other Assets) according to the expiration of the contract. (3) From August 2018 through September 2019, we entered into agreements with two separate suppliers to retrofit a total of 98 of our vessels with scrubbers for total consideration of $146.6 million (which excludes installation costs). Deposits paid for these systems are reflected as investing cash flows within the unaudited condensed consolidated statement of cash flows. In February 2021, we signed an agreement to retain the option to purchase these scrubbers through February 2023. (4) The seller's credit on sale leaseback vessels represents the present value of the deposits of $4.35 million per vessel ($13.1 million in aggregate) that was retained by the buyer as part of the sale and operating leasebacks of STI Beryl , STI Le Rocher and STI Larvotto which occurred in April 2017. This deposit will either be applied to the purchase price of the vessel if a purchase option is exercised or refunded to us at the expiration of the agreement. The present value of this deposit has been calculated based on the interest rate that is implied in the lease, and the carrying value will accrete over the life of the lease, through interest income, until expiration. We recorded $0.3 million as interest income as part of these agreements during each of the six months ended June 30, 2021 and 2020. (5) In July 2018, we executed an agreement to purchase 55 ballast water treatment systems from an unaffiliated third-party supplier for total consideration of $36.2 million. These systems have been installed, or are expected to be installed, through 2023 as each respective vessel under the agreement is due for its IOPP renewal survey. Upon entry into this agreement, we also obtained a minority equity interest in this supplier for no additional consideration. We have determined that of the total consideration of $36.2 million, $1.8 million is attributable to the minority equity interest.

Restricted Cash

Restricted Cash	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Restricted cash	Restricted cashRestricted cash as of June 30, 2021 primarily represents debt service reserve accounts that must be maintained as part of the terms and conditions of our Citibank/K-Sure Credit Facility, ABN AMRO/K-Sure Credit Facility and Bank of Communications Financial Leasing (LR2s). The funds in these accounts will be applied against the principal balance of these facilities upon maturity.

Accounts payable

Accounts payable	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Accounts payable	Accounts payable The following is a table summarizing our accounts payable as of June 30, 2021 and December 31, 2020: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Scorpio Ship Management S.A.M. (SSM) $ 2,086 $ 902 Scorpio Services Holding Limited (SSH) 427 404 Scorpio MR Pool Limited 246 230 Amounts due to a related party port agent 96 42 Scorpio LR1 Pool Limited 33 — Scorpio Handymax Tanker Pool Limited 24 2 Scorpio Commercial Management S.A.M. (SCM) 22 58 Scorpio LR2 Pool Limited 12 338 Accounts payable to related parties 2,946 1,976 Suppliers 9,356 10,887 $ 12,302 $ 12,863

Accrued expenses

Accrued expenses	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Accrued expenses	Accrued expenses The following is a table summarizing our accrued expenses as of June 30, 2021 and December 31, 2020: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Accrued expenses to a related party port agent $ 392 $ 313 Scorpio MR Pool Limited 25 375 Scorpio Commercial Management S.A.M. (SCM) 18 — Scorpio Ship Management S.A.M (SSM) 51 33 Scorpio Handymax Tanker Pool Limited 2 — Scorpio LR1 Pool Limited 1 — Accrued expenses to related parties 489 721 Suppliers 13,417 15,938 Accrued interest 4,492 4,282 Accrued short-term employee benefits 3,408 11,231 Other accrued expenses 1,893 21 $ 23,699 $ 32,193

Current and long-term debt

Current and long-term debt	6 Months Ended
	Jun. 30, 2021
Financial Instruments [Abstract]
Current and long-term debt	Current and long-term debt The following is a roll forward of the activity within debt (current and non-current), by facility, for the six months ended June 30, 2021: Activity Balance as of June 30, 2021 consists of: In thousands of U.S. dollars Carrying Value as of December 31, 2020 Drawdowns Repayments Other Activity (1) Carrying Value as of June 30, 2021 Current Non-Current KEXIM Credit Facility $ 15,932 $ — $ (15,932) $ — $ — $ — $ — ING Credit Facility 191,348 2,128 (161,090) — 32,386 16,354 16,032 2018 NIBC Credit Facility 31,066 — (31,066) — — — — Credit Agricole Credit Facility 80,676 — (4,283) 371 76,764 7,862 68,902 ABN AMRO / K-Sure Credit Facility 40,587 — (1,926) 344 39,005 3,190 35,815 Citibank / K-Sure Credit Facility 84,478 — (4,208) 871 81,141 81,141 — ABN / SEB Credit Facility 97,856 — (21,692) — 76,164 10,117 66,047 Hamburg Commercial Credit Facility 40,315 — (1,645) — 38,670 3,292 35,378 Prudential Credit Facility 50,378 — (2,773) — 47,605 5,546 42,059 2019 DNB / GIEK Credit Facility 52,563 — (3,556) — 49,007 7,113 41,894 BNPP Sinosure Credit Facility 94,733 1,915 (5,167) — 91,481 10,334 81,147 2020 $225 Million Credit Facility 208,890 — (10,501) — 198,389 21,001 177,388 2021 $21.0 Million Credit Facility — 21,000 (585) — 20,415 2,340 18,075 Ocean Yield Lease Financing 137,399 — (5,515) 90 131,974 11,213 120,761 BCFL Lease Financing (LR2s) 83,974 3,814 (5,228) 258 82,818 10,529 72,289 CSSC Lease Financing 136,949 — (5,464) (254) 131,231 11,418 119,813 CSSC Scrubber Lease Financing 4,443 — (1,960) — 2,483 2,352 131 BCFL Lease Financing (MRs) 77,748 5,779 (7,100) — 76,427 15,244 61,183 2018 CMBFL Lease Financing 124,993 — (6,504) — 118,489 13,007 105,482 $116.0 Million Lease Financing 103,801 1,926 (4,840) — 100,887 10,315 90,572 AVIC Lease Financing 119,732 — (6,663) — 113,069 13,327 99,742 China Huarong Lease Financing 110,250 10,000 (8,417) — 111,833 16,833 95,000 $157.5 Million Lease Financing 123,800 — (7,071) — 116,729 14,143 102,586 COSCO Lease Financing 68,750 — (3,850) — 64,900 7,700 57,200 2020 CMBFL Lease Financing 44,573 — (1,621) — 42,952 3,242 39,710 2020 TSFL Lease Financing 47,250 — (1,661) — 45,589 3,321 42,268 2020 SPDBFL Lease Financing 96,500 — (6,125) — 90,375 6,496 83,879 2021 AVIC Lease Financing — 96,352 (1,808) — 94,544 7,252 87,292 2021 CMBFL Lease Financing — 79,050 (1,225) — 77,825 6,520 71,305 2021 TSFL Lease Financing — 57,663 (1,096) — 56,567 4,380 52,187 2021 CSSC Lease Financing — 57,400 (877) — 56,523 5,262 51,261 IFRS 16 - Leases - 7 Handymax 2,247 — (1,879) (368) — — — IFRS 16 - Leases - 3 MR 36,936 — (3,765) — 33,171 7,895 25,276 $670.0 Million Lease Financing 593,291 — (23,030) — 570,261 47,130 523,131 Unsecured Senior Notes Due 2025 28,100 30,551 — 6 58,657 — 58,657 Convertible Notes Due 2022 140,713 — — (74,188) 66,525 66,525 — Convertible Notes Due 2025 — 119,419 — 76,844 196,263 — 196,263 $ 3,070,271 $ 486,997 $ (370,123) $ 3,974 $ 3,191,119 $ 452,394 $ 2,738,725 Less: deferred financing fees and prepaid interest (22,471) (8,800) — 1,102 (30,169) (6,667) (23,502) Total $ 3,047,800 $ 478,197 $ (370,123) $ 5,076 $ 3,160,950 $ 445,727 $ 2,715,223 (1) Relates to non-cash accretion or amortization of (i) debt or lease obligations assumed as part of the 2017 merger with Navig8 Product Tankers Inc. ("NPTI"), which were recorded at fair value on the closing dates, (ii) amortization and write-offs of deferred financing fees, (iii) accretion of our Convertible Notes due 2022 and Convertible Notes due 2025 of $2.9 million and $2.5 million, respectively, and (iv) the impact of the 2021 Convertible Notes Exchanges (described below) whereby the amounts in the above table reflect the carrying amounts of the debt portions of each of the Convertible Notes due 2022 and Convertible Notes due 2025 that were exchanged. Interest expense on all of our borrowings that has been incurred and is unpaid as of June 30, 2021 is accrued within Accrued Expenses (see Note 9). We were in compliance with all of the financial covenants set forth under the above borrowing arrangements as of June 30, 2021. Drawdowns from existing facilities In January 2021, we executed an agreement to extend the availability period for future drawdowns on our BNPP Sinosure Credit Facility to June 15, 2022 from March 15, 2021. In March 2021, we drew down $1.9 million from our BNPP Sinosure Credit Facility (equally split between the Sinosure portion and the commercial portion of the credit facility) to partially finance the purchase and installation of a scrubber on an MR product tanker. This borrowing bears interest at LIBOR plus a margin of 1.80% for the Sinosure portion and 2.80% for the commercial portion. As a result of this drawdown, the scheduled semi-annual principal payments on this facility increased by $0.1 million to $5.2 million (for all tranches drawn). In January 2021, we drew down $10.0 million from our China Huarong Lease Financing to partially finance the purchase and installations of scrubbers on five MR product tankers. These borrowings bear interest at LIBOR plus a margin of 3.50% and are scheduled to be repaid in equal quarterly installments of approximately $0.2 million per vessel through November 2023. In January 2021, we drew down $2.1 million from our ING Credit Facility to partially finance the purchase and installations of scrubbers on two LR2 product tankers. These borrowings bear interest at LIBOR plus a margin of 1.95% and were scheduled to be repaid in equal quarterly installments of approximately $0.2 million per vessel through June 2022. These borrowings were repaid in May 2021 as part of the 2021 CSSC Lease Financing described below. In January 2021, we drew down an aggregate of $11.4 million, which consisted of (i) $3.8 million under the BCFL Lease Financing (LR2s); (ii) $5.8 million under the BCFL Lease Financing (MRs) and (iii) $1.9 million under the $116 Million Lease Financing to partially finance the purchase and installations of scrubbers on six product tankers. All of these scrubber related borrowings are scheduled to be repaid over a period of three years from each drawdown date in fixed monthly installments (which includes interest) of approximately $50,000 to $60,000 per vessel. Secured Debt 2021 $21 Million Credit Facility In February 2021, we drew down $21.0 million on a term loan facility with a European financial institution (the "2021 $21 Million Credit Facility"). The proceeds of this loan facility were used to refinance the outstanding debt on an LR2 product tanker, STI Madison , that was previously financed under our KEXIM Credit Facility. We repaid the outstanding indebtedness of $15.9 million related to this vessel on the KEXIM Credit Facility in January 2021 upon its maturity. The loan facility has a final maturity of December 2022, bears interest at LIBOR plus a margin of 2.65% per annum, and is scheduled to be repaid in equal quarterly installments of approximately $0.6 million, with a balloon payment due upon maturity. Our 2021 $21 Million Credit Facility includes financial covenants that require us to maintain: • The ratio of net debt to total capitalization no greater than 0.60 to 1.00. • Consolidated tangible net worth of not less than $1.0 billion plus (i) 25% of the positive consolidated net income for each fiscal quarter commencing on or after January 1, 2016 and (ii) 50% of the net proceeds of new equity issues occurring on or after January 1, 2016. • Minimum liquidity of not less than the greater of $25.0 million or $500,000 per each owned vessel plus $250,000 per each time chartered-in vessel. • The aggregate of the fair market value of the vessels provided as collateral under the facility shall at all times be no less than 140% of the then aggregate outstanding principal amount of the loans under the credit facility. Lease Financing 2021 AVIC Lease Financing In February 2021, we closed on the sale and leaseback of two vessels ( STI Memphis and STI Soho ) with AVIC International Leasing Co., Ltd. for aggregate proceeds of $44.2 million (the “2021 AVIC Lease Financing”). We repaid the outstanding indebtedness of $30.0 million related to these vessels on the 2018 NIBC Credit Facility as part of these transactions. In March 2021, we closed on the sale and leaseback of two additional vessels ( STI Lombard and STI Osceola ) under the 2021 AVIC Lease Financing for aggregate proceeds of $53.1 million. We repaid the outstanding indebtedness of $29.6 million related to these vessels on the ING Credit Facility as part of these transactions. Under the 2021 AVIC Lease Financing, each vessel is subject to a nine Our 2021 AVIC Lease Financing includes financial covenants that require us to maintain: • Net debt to total capitalization shall not equal or exceed 70%. • Net worth shall always exceed $650.0 million. • The aggregate of the fair market value of the vessels provided as collateral under the lease financing shall at all times be no less than 115% of the then aggregate outstanding principal amount on or before the third anniversary date of the delivery of the vessel and 120% thereafter. 2021 CMBFL Lease Financing In March 2021, we received a commitment to sell and leaseback four Handymax vessels ( STI Comandante, STI Brixton, STI Pimlico and STI Finchley ) and one MR vessel ( STI Westminster ) from CMB Financial Leasing Co. Ltd, or CMBFL (the "2021 CMBFL Lease Financing") . In March 2021, we closed on the sale and leaseback of the four aforementioned Handymax vessels under the 2021 CMBFL Lease Financing for aggregate proceeds of $58.8 million and repaid the outstanding indebtedness of $46.7 million related to these vessels on the ING Credit Facility as part of these transactions. In April 2021, we closed on the sale and leaseback of STI Westminster for aggregate proceeds of $20.25 million and repaid the outstanding indebtedness of $16.1 million related to this vessel on the ABN/SEB Credit Facility as part of this transaction. Under the 2021 CMBFL Lease Financing, each vessel is subject to a seven Our 2021 CMBFL Lease Financing includes financial covenants that require us to maintain: • The ratio of net debt to total capitalization no greater than 0.60 to 1.00. • Consolidated tangible net worth of no less than $1.0 billion plus (i) 25% of the cumulative positive net income (on a consolidated basis) for each fiscal quarter commencing on or after January 1, 2016 and (ii) 50% of the net proceeds of new equity issuances occurring on or after January 1, 2016. • Minimum liquidity of not less than the greater of $25.0 million and $500,000 per each owned vessel plus $250,000 per each time chartered-in vessel. • The fair market value of each vessel leased under the facility shall at all times be no less than 120% of the outstanding balance for such vessel. 2021 TSFL Lease Financing In March 2021, we closed on the sale and leaseback of three MR vessels ( STI Black Hawk, STI Notting Hill and STI Pontiac ) with Taiping & Sinopec Financial Leasing Co., Ltd. for aggregate proceeds of $57.7 million (the "2021 TSFL Lease Financing"). We repaid the outstanding indebtedness of $40.7 million related to these vessels on the ING Credit Facility as part of these transactions. Under the 2021 TSFL Lease Financing, each vessel is subject to a seven Our 2021 TSFL Lease Financing includes financial covenants that require us to maintain: • The ratio of net debt to total capitalization no greater than 0.65 to 1.00. • Consolidated tangible net worth of no less than $1.0 billion. • The fair market value of each vessel leased under the facility shall at all times be no less than 115% of the outstanding balance for such vessel. 2021 CSSC Lease Financing In May 2021, we closed on the sale and leaseback of two LR2 vessels ( STI Grace and STI Jermyn ) with CSSC (Hong Kong) Shipping Company Limited (the ‘2021 CSSC Lease Financing’) for aggregate proceeds of $57.4 million. We repaid the aggregate outstanding indebtedness of $36.9 million related to these two vessels on the ING Credit Facility as part of this transaction. Under the 2021 CSSC Lease Financing, each vessel is subject to a six Our 2021 CSSC Lease Financing includes a covenant that requires that the fair market value of each vessel leased under the facility shall at all times be no less than 125% of the outstanding balance for such vessel. Unsecured debt At the Market Offering Program In January 2021, we entered into a note distribution agreement (the "Distribution Agreement") with B. Riley Securities, Inc. as the sales agent (the "Agent") under which we may offer and sell, from time to time, up to an additional $75.0 million aggregate principal amount of our 7.00% Senior Notes due 2025 (the "Additional Notes"). Any Additional Notes sold will be issued under that certain indenture pursuant to which we previously issued $28.1 million aggregate principal amount of 7.00% Senior Notes due 2025 (the "Senior Notes due 2025"), on May 29, 2020 (the "Initial Notes"). The Additional Notes will have the same terms as the Initial Notes (other than date of issuance), form a single series of debt securities with the Initial Notes and have the same CUSIP number and be fungible with the Initial Notes immediately upon issuance, including for purposes of notices, consents, waivers, amendments and any other action permitted under the aforementioned indenture. The Senior Notes due 2025 are listed on the NYSE under the symbol “SBBA.” Sales of the Additional Notes may be made over a period of time, and from time to time, through the Agent, in transactions involving an offering of the Senior Notes due 2025 into the existing trading market at prevailing market prices. During the six months ended June 30, 2021, we issued $30.7 million in aggregate principal amount of Senior Notes due 2025 under the program, resulting in $30.0 million in aggregate net proceeds (net of premium/discount and Agent's commissions and expenses). Convertible Notes Exchange and New Issuance of Convertible Notes In March 2021 and June 2021, we completed the exchange of approximately $62.1 million and $19.4 million, respectively, in aggregate principal amount of Convertible Notes due 2022 for approximately $62.1 million and $19.4 million, respectively in aggregate principal amount of new 3.00% Convertible Notes due 2025 (the "Convertible Notes due 2025") pursuant to separate, privately negotiated, agreements with certain holders of the Convertible Notes due 2022, which we refer to as the 2021 Convertible Notes Exchanges. Additionally, in March 2021 and June 2021, we issued and sold $76.1 million and $42.4 million, respectively, in aggregate principal amount of Convertible Notes due 2025 pursuant to separate, privately negotiated, agreements with certain investors in a private offering, which we refer to as the 2021 Convertible Notes Offerings. The Convertible Notes due 2025 that were issued in June 2021 as part of the 2021 Convertible Notes Offerings were issued at 102.25% of par, or $43.3 million, plus accrued interest. The Convertible Notes due 2025 that were issued in June 2021 have the same terms as (other than date of issuance), form a single series of debt securities with, have the same CUSIP number and are fungible with, the 3.00% Convertible Senior Notes due 2025 that were issued in March 2021, including for purposes of notices, consents, waivers, amendments and any other action permitted under the Indenture. The Convertible Notes due 2025 are our senior, unsecured obligations and bear coupon interest at a rate of 3.00% per year. Interest is payable semi-annually in arrears on May 15 and November 15 of each year, beginning on May 15, 2021. Additionally, commencing in March 2021, principal will accrete on the principal amount, compounded semi-annually, at a rate equal to approximately 5.5202% per annum, which principal amount, together with any accretions thereon, is the “Accreted Principal Amount”. The Accreted Principal Amount at maturity will equal 125.3% of par, which together with the 3.00% coupon interest rate, compounds to a yield-to-maturity of approximately 8.25%. The Convertible Notes due 2025 will mature on May 15, 2025, unless earlier converted, redeemed or repurchased in accordance with their terms. The conversion rate of the Convertible Notes due 2025 was initially 26.6617 common shares per $1,000 principal amount of Convertible Notes due 2025 (equivalent to an initial conversion price of approximately $37.507 per common share), and is subject to adjustment upon the occurrence of certain events as set forth in the indenture governing the Convertible Notes due 2025 (such as the payment of dividends). As of June 30, 2021, the conversion rate of the Convertible Notes due 2025 was 26.7879 common shares per $1,000 principal amount of Convertible Notes due 2025 (equivalent to a conversion price of approximately $37.33 per common share). The Convertible Notes due 2025 are freely convertible at the option of the holder and prior to the close of business on the 5th business day immediately preceding the maturity date. Upon conversion of the Convertible Notes due 2025, holders will receive shares of our common stock. We may, subject to certain exceptions, redeem the Convertible Notes due 2025 for cash, if at any time the per share volume-weighted average price of our common shares equals or exceeds 125.4% of the conversion price then in effect on (i) each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the trading day immediately before the applicable redemption date; and (ii) the trading day immediately before such date of the redemption notice. The Convertible Notes due 2025 require us to comply with certain covenants such as restrictions on consolidations, mergers or sales of assets. Additionally, if we undergo a fundamental change, as defined in the indenture, holders may require us to repurchase for cash all or any portion of their notes at a fundamental change repurchase price equal to 100% of the Accreted Principal Amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. Accounting for the 2021 Convertible Notes Exchanges and 2021 Convertible Notes Offerings We have accounted for the 2021 Convertible Notes Exchanges as extinguishments of the original financial liability and the recognition of a new liability on the basis that the terms of the Convertible Notes due 2022 are substantially different to the terms of the Convertible Notes due 2025. We recorded an aggregate loss on the extinguishment of the Convertible Notes due 2022 of $5.5 million as a result of the 2021 Convertible Notes Exchanges, which primarily arose from (i) the difference between the carrying value and the face value of the Convertible Notes due 2022 on the date of the exchange, and (ii) transaction costs directly attributable to the 2021 Convertible Notes Exchanges. We also determined that the fair value of the equity component of the exchanged portion of the Convertible Notes due 2022 was approximately $1.5 million. This amount was recorded as a reduction to additional paid-in capital as a result of the 2021 Convertible Notes Exchanges. Upon the March 2021 and June 2021 issuances, we determined the initial carrying value of the liability component of the Convertible Notes due 2025, to be $132.9 million and $60.8 million, respectively. This determination was based on the fair value of a similar liability that does not have any associated conversion feature. We utilized the market pricing on unsecured bonds in the shipping sector as the basis for this determination. The residual value, attributable to the conversion feature, of $5.3 million and $2.4 million, was recorded to Additional paid-in capital upon the March 2021 and June 2021 issuances, respectively. The difference between the fair value of the liability component and the face value of the Convertible Notes due 2025 will accrete over the term of the Convertible Notes due 2025 under the effective interest method and recorded as part of financial expenses. . The Accreted Principal Amount feature will accrete over the term of the Convertible Notes due 2025 under the effective interest method and recorded as part of financial expenses. The following table sets forth the Accreted Principal Amount per $1,000 principal amount of the Convertible Notes due 2025 per the indenture as of the specified dates during the period from the issue date through the maturity date: Date Accreted Principal Amount March 25, 2021 $100.0000 May 15, 2021 $100.7125 November 15, 2021 $103.3669 May 15, 2022 $106.1308 November 15, 2022 $109.0087 May 15, 2023 $112.0053 November 15, 2023 $115.1255 May 15, 2024 $118.3744 November 15, 2024 $121.7574 May 15, 2025 $125.2798 At June 30, 2021, the carrying values of the liability components of the Convertible Notes due 2022 and Convertible Notes due 2025 were $66.5 million and $196.3 million, respectively. Convertible Rate Adjustments On March 2, 2021, the conversion rate of our Convertible Notes due 2022 was adjusted to reflect the payment of a cash dividend on March 15, 2021 to all shareholders of record as of March 2, 2021. The new conversion rate for the Convertible Notes due 2022 was 26.6617 of the Company's common shares, representing an increase of the prior conversion rate of 0.1806 for each $1,000 principal amount of the Convertible Notes due 2022. On May 21, 2021, the conversion rates of our Convertible Notes due 2022 and Convertible Notes due 2025 were adjusted to reflect the payment of a cash dividend on June 15, 2021 to all shareholders of record as of May 21, 2021. The new conversion rates for each of the Convertible Notes due 2022 and Convertible Notes due 2025 was 26.7879 of the Company's common shares, representing an increase of the prior conversion rate of 0.1262 for each $1,000 principal amount of the Convertible Notes due 2022 and Convertible Notes due 2025.

Common shares

Common shares	6 Months Ended
	Jun. 30, 2021
Share-Based Payment Arrangements [Abstract]
Common shares	Common shares 2013 Equity Incentive Plan In April 2021, we issued 276,369 shares of restricted stock to certain of our employees for no cash consideration. The share price on the issuance date was $18.38 per share. The vesting schedule for these restricted shares is (i) one-third of the shares vest on March 1, 2024, (ii) one-third of the shares vest on March 3, 2025, and (iii) one-third of the shares vest on March 2, 2026. In June 2021, we reserved an additional 386,883 common shares, par value $0.01 per share, of the Company for issuance pursuant to the 2013 Equity Incentive Plan or "Plan". All other terms of the Plan remained unchanged. The following is a summary of activity for awards of restricted stock that have been granted under the Plan during the six months ended June 30, 2021. Number of Shares Weighted Average Grant Date Fair Value Outstanding and non-vested, December 31, 2020 3,806,773 $ 24.19 Granted 276,369 18.38 Vested (362,565) 31.14 Forfeited — — Outstanding and non-vested, June 30, 2021 3,720,577 $ 23.08 As of June 30, 2021, there were 3,720,577 unvested shares of restricted stock outstanding. Assuming that all the restricted stock will vest, the stock compensation expense in future periods, including that related to restricted stock issued in prior periods will be: In thousands of U.S. dollars Employees Directors Total For the period July 1, 2021 through December 31, 2021 $ 9,844 $ 596 $ 10,440 For the year ending December 31, 2022 13,952 488 14,440 For the year ending December 31, 2023 6,951 107 7,058 For the year ending December 31, 2024 2,482 — 2,482 For the year ending December 31, 2025 540 — 540 For the year ending December 31, 2026 58 — 58 $ 33,827 $ 1,191 $ 35,018 Dividend Payments In February 2021, our Board of Directors declared a quarterly cash dividend of $0.10 per common share, which was paid on March 15, 2021 to all shareholders of record as of March 2, 2021. In May 2021, our Board of Directors declared a quarterly cash dividend of $0.10 per common share, which was paid on June 15, 2021 to all shareholders of record as of May 21, 2021. $250 Million Securities Repurchase Program In September 2020, our Board of Directors authorized a new securities repurchase program to purchase up to an aggregate of $250 million of securities (the "$250 Million Securities Repurchase Program") which, in addition to our common shares, currently consist of our Senior Notes due 2025 (NYSE: SBBA), Convertible Notes due 2022 and Convertible Notes due 2025. Any future purchases of the Company’s securities will be made under the new $250 Million Securities Repurchase Program. As of June 30, 2021, there is $250 million available under the new $250 Million Securities Repurchase Program. There were 7,519,324 common shares held in treasury at June 30, 2021 and December 31, 2020. At the Market Offering Program In November 2019, we entered into an “at the market” offering program (the "ATM Equity Program") pursuant to which we may sell up to $100 million of our common shares, par value $0.01 per share. As part of the ATM Program, we entered into an equity distribution agreement dated November 7, 2019 (the “Sales Agreement”), with BTIG, LLC, as sales agent (the “Agent”). In accordance with the terms of the Sales Agreement, we may offer and sell our common shares from time to time through the Agent by means of ordinary brokers’ transactions on the NYSE at market prices, in block transactions, or as otherwise agreed upon by the Agent and the Company. There is $97.4 million of remaining availability under the ATM Equity Program as of June 30, 2021. Shares outstanding

Related party transactions

Related party transactions	6 Months Ended
	Jun. 30, 2021
Related party transactions [abstract]
Related party transactions	Related party transactions Transactions with entities controlled by the Lolli-Ghetti family (herein referred to as related parties) in the unaudited condensed consolidated statements of income or loss and balance sheets are as follows: For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Pool revenue (1) Scorpio MR Pool Limited $ 131,272 $ 211,567 Scorpio LR2 Pool Limited 88,278 244,046 Scorpio Handymax Tanker Pool Limited 25,783 76,012 Scorpio LR1 Pool Limited 23,344 56,855 Voyage revenue (2) — 2,334 Voyage expenses (3) (1,566) (3,351) Vessel operating costs (4) (17,846) (16,884) Administrative expenses (5) (6,790) (7,001) (1) These transactions relate to revenue earned in the Scorpio Pools. The Scorpio Pools are related parties. When our vessels are in the Scorpio Pools, SCM, the pool manager, charges fees of $300 per vessel per day with respect to our LR1 vessels, $250 per vessel per day with respect to our LR2 vessels, and $325 per vessel per day with respect to each of our Handymax and MR vessels, plus a commission of 1.50% on gross revenue per charter fixture. These are the same fees that SCM charges other vessels in these pools, including third party owned vessels. (2) These transactions relate to revenue earned in the spot market on voyages chartered through SSH, a related party affiliate. (3) Related party expenditures included within voyage expenses in the unaudited condensed consolidated statements of income or loss consist of the following: • Expenses due to SCM, a related party affiliate, for commissions related to the commercial management services provided by SCM under the commercial management agreement for vessels that are not in one of the Scorpio Pools. SCM’s services include securing employment, in the spot market and on time charters, for our vessels. When not in one of the Scorpio Pools, each vessel pays (i) flat fees of $250 per day for LR1 and LR2 vessels and $300 per day for Handymax and MR vessels and (ii) commissions of 1.25% of their gross revenue per charter fixture. These expenses are included in voyage expenses in the unaudited condensed consolidated statements of income or loss. • Bunkers of $1.7 million that were purchased from a related party bunker provider (who was engaged in the procurement of bunkers on our behalf) during the six months ended June 30, 2021. These bunkers were purchased when our vessels were operating in the spot market, outside of the Scorpio Pools. Approximately $1.1 million of these purchases were consumed during the related spot market voyages, and the remaining unconsumed portion was considered a working capital contribution to the pool (see below for a description on the account for working capital contributions to the Scorpio Pools) when the vessels re-joined the pools. Bunkers of $3.3 million were purchased from this provider during the six months ended June 30, 2020, of which $2.6 million were consumed during the period. (4) Related party expenditures included within vessel operating costs in the unaudited condensed consolidated statements of income or loss consist of the following: • Technical management fees of $16.4 million and $16.0 million charged by SSM, a related party, during the six months ended June 30, 2021 and 2020, respectively. SSM’s services include day-to-day vessel operations, performing general maintenance, monitoring regulatory and classification society compliance, customer vetting procedures, supervising the maintenance and general efficiency of vessels, arranging the hiring of qualified officers and crew, arranging and supervising drydocking and repairs, purchasing supplies, spare parts and new equipment for vessels, appointing supervisors and technical consultants, and providing technical support. SSM administers the payment of salaries to our crew on our behalf. The crew wages that were administered by SSM (and disbursed through related party subcontractors of SSM) were $75.6 million and $72.8 million during the six months ended June 30, 2021 and 2020, respectively. SSM's fixed annual technical management fee is $175,000 per vessel plus certain itemized expenses in the technical management agreement. • Vessel operating expenses of $1.5 million and $0.9 million charged by a related party port agent during the six months ended June 30, 2021 and 2020, respectively. SSH has a majority equity interest in a port agent that provides supply and logistical services for vessels operating in its regions. (5) We have an Amended Administrative Services Agreement with SSH for the provision of administrative staff, office space, and administrative services, including accounting, legal compliance, financial and information technology services. SSH is a related party to us. We reimburse SSH for direct or indirect expenses that are incurred on our behalf. SSH also arranges vessel sales and purchases for us. The services provided to us by SSH may be sub-contracted to other entities within the Scorpio group of companies, or Scorpio. The expenses incurred under this agreement were recorded in general and administrative expenses in the unaudited condensed consolidated statement of income or loss and consisted of the following: • The expense for the six months ended June 30, 2021 of $6.8 million included (i) administrative fees of $6.1 million charged by SSH, (ii) restricted stock amortization of $0.7 million, which relates to the issuance of an aggregate of 315,950 shares of restricted stock to SSH employees for no cash consideration pursuant to the 2013 Equity Incentive Plan, and (iii) the reimbursement of expenses of $25,436 to SSH and $2,462 to SCM. • The expense for the six months ended June 30, 2020 of $7.0 million included (i) administrative fees of $6.3 million charged by SSH, (ii) restricted stock amortization of $0.7 million, which relates to the issuance of an aggregate of 221,900 shares of restricted stock to SSH employees for no cash consideration pursuant to the 2013 Equity Incentive Plan, and (iii) the reimbursement of expenses of $19,772 to SSH and $21,971 to SCM. We had the following balances with related parties, which have been included in the unaudited condensed consolidated balance sheets: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Assets: Accounts receivable (due from the Scorpio Pools) (1) $ 27,818 $ 26,413 Accounts receivable and prepaid expenses (SSM) (2) 4,535 4,259 Other assets (pool working capital contributions) (3) 73,161 73,161 Liabilities: Accounts payable and accrued expenses (SSM) 2,137 935 Accounts payable and accrued expenses (related party port agent) 488 355 Accounts payable and accrued expenses (SSH) 427 404 Accounts payable and accrued expenses (owed to the Scorpio Pools) 343 945 Accounts payable and accrued expenses (SCM) 40 58 (1) Accounts receivable due from the Scorpio Pools relate to receivables for revenues earned and receivables from working capital contributions. Working capital contributions for the remaining vessels in the fleet are classified as non-current, within Other Assets. Upon entrance into such pools, all vessels are required to make working capital contributions of both cash and bunkers. Additional working capital contributions can be made from time to time based on the operating needs of the Scorpio Pools. These amounts are accounted for and repaid as follows: • For vessels in the Scorpio LR2 Pool, Scorpio LR1 Pool, Scorpio MR Pool, and Scorpio Handymax Tanker Pool, the initial contribution amount is repaid, without interest, upon a vessel’s exit from the pool no later than six months after the exit date. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned or lease financed vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within other assets on the unaudited condensed consolidated balance sheets. • For time or bareboat chartered-in vessels we classify the initial contributions as current (within accounts receivable) or non-current (within other assets) according to the expiration of the contract. Any additional working capital contributions are repaid when sufficient net revenues become available to cover such amounts. (2) Accounts receivable and prepaid expenses from SSM relate to advances made for vessel operating expenses (such as crew wages) that will either be reimbursed or applied against future costs. (3) Represents the non-current portion of working capital receivables as described above. Other agreements Starting in October 2019, we provided guarantees in respect of the payment obligations of a related party bunker provider (who is engaged in the procurement of bunkers on behalf of the Company and the Scorpio Pools) toward its physical suppliers. All of these guarantee agreements have expired as of June 30, 2021 and no amounts were paid to this provider under these agreements during the six months ended June 30, 2021. Key management remuneration The table below shows key management remuneration for the six months ended June 30, 2021 and 2020: For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Short-term employee benefits (salaries) $ 2,663 $ 6,626 Share-based compensation (1) 9,278 12,013 Total $ 11,941 $ 18,639 (1) Represents the amortization of restricted stock issued under the Plan as described in Note 11. For the purpose of the table above, key management are those persons who have authority and responsibility for making strategic decisions, and managing operating, financial and legal activities. We have entered into employment agreements with the majority of our executives. These employment agreements remain in effect until terminated in accordance with their terms upon not less than between 24 months' and 36 months' prior written notice, depending on the terms of the employment agreement applicable to each executive. Pursuant to the terms of their respective employment agreements, our executives are prohibited from disclosing or unlawfully using any of our material confidential information. Upon a change in control of us, the annual bonus provided under the employment agreement becomes a fixed bonus of between 150% and 250% of the executive’s base salary, and the executive may receive an assurance bonus equal to the fixed bonus, depending on the terms of the employment agreement applicable to each executive. Any such executive may be entitled to receive upon termination an assurance bonus equal to such fixed bonus and an immediate lump-sum payment in an amount equal to three times the sum of the executive’s then current base salary and the assurance bonus, and he will continue to receive all salary, compensation payments and benefits, including additional bonus payments, otherwise due to him, to the extent permitted by applicable law, for the remaining balance of his then-existing employment period. If an executive’s employment is terminated for cause or voluntarily by the employee, he shall not be entitled to any salary, benefits or reimbursements beyond those accrued through the date of his termination, unless he voluntarily terminated his employment in connection with certain conditions. Those conditions include a change in control combined with a significant geographic relocation of his office, a material diminution of his duties and responsibilities, and other conditions identified in the employment agreement.

Segment reporting

Segment reporting	6 Months Ended
	Jun. 30, 2021
Disclosure of operating segments [abstract]
Segment reporting	Segment reporting Information about our reportable segments for the six months ended June 30, 2021 and 2020 is as follows: For the six months ended June 30, 2021 In thousands of U.S. dollars LR1 Handymax LR2 MR Reportable segments subtotal Corporate and eliminations Total Vessel revenue $ 23,344 $ 25,783 $ 88,278 $ 136,202 $ 273,607 $ — $ 273,607 Vessel operating costs (14,065) (19,814) (50,834) (79,187) (163,900) — (163,900) Voyage expenses 16 (479) (243) (2,075) (2,781) — (2,781) Depreciation - owned or sale and leaseback vessels (10,446) (10,454) (40,112) (36,994) (98,006) — (98,006) Depreciation - right of use assets for vessels — (1,773) (4,216) (16,052) (22,041) — (22,041) General and administrative expenses (581) (760) (2,034) (3,015) (6,390) (20,494) (26,884) Financial expenses — — — — — (69,973) (69,973) Loss on Convertible Notes exchange — — — — — (5,504) (5,504) Financial income 2 — — 296 298 114 412 Other income and (expense), net (393) — — (368) (761) 655 (106) Segment loss $ (2,123) $ (7,497) $ (9,161) $ (1,193) $ (19,974) $ (95,202) $ (115,176) For the six months ended June 30, 2020 In thousands of U.S. dollars LR1 Handymax LR2 MR Reportable segments subtotal Corporate and eliminations Total Vessel revenue $ 56,855 $ 76,012 $ 250,169 $ 217,371 $ 600,407 $ — $ 600,407 Vessel operating costs (14,818) (24,904) (51,286) (70,213) (161,221) — (161,221) Voyage expenses (21) (296) (3,551) (3,257) (7,125) — (7,125) Depreciation - owned or sale and leaseback vessels (10,100) (10,625) (38,593) (35,625) (94,943) — (94,943) Depreciation - right of use assets for vessels — (7,595) (4,268) (14,943) (26,806) — (26,806) General and administrative expenses (573) (1,047) (1,881) (2,970) (6,471) (29,539) (36,010) Financial expenses — — — — — (83,892) (83,892) Financial income 92 9 2 280 383 477 860 Other expenses, net — — — — — (702) (702) Segment income or loss $ 31,435 $ 31,554 $ 150,592 $ 90,643 $ 304,224 $ (113,656) $ 190,568

Vessel revenue

Vessel revenue	6 Months Ended
	Jun. 30, 2021
Analysis of income and expense [abstract]
Vessel revenue	Vessel revenue During the six months ended June 30, 2021 and 2020, we did not have any vessels that earned revenue through long-term time charter contracts (with initial terms of one year or greater). The vessels that did not have long-term time charter contracts earned revenue from the Scorpio Pools or in the spot market. Revenue Sources For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Pool revenue $ 268,677 $ 588,480 Time charter revenue — — Voyage revenue (spot market) 4,930 11,927 $ 273,607 $ 600,407 Seasonality The tanker market is typically stronger in the winter months of the northern hemisphere as a result of increased oil consumption but weaker in the summer months of the northern hemisphere as a result of lower oil consumption and refinery maintenance. In addition, unpredictable weather patterns during the winter months tend to disrupt vessel scheduling. The oil price volatility resulting from these factors has historically led to increased oil trading activities in the winter months. As a result, revenues generated by our vessels have historically been weaker during April to September and stronger during October to March. The market conditions brought on by the COVID-19 pandemic outweighed traditional seasonal patterns during each of the six months ended June 30, 2021 and 2020. During the six months ended June 30, 2020, the onset of the COVID-19 pandemic in March 2020 resulted in a sharp reduction in economic activity and a corresponding reduction in the global demand for oil and refined petroleum products. This period of time was marked by extreme volatility in the oil markets and the development of a steep contango in the prices of oil and refined petroleum products. Consequently, an abundance of arbitrage and floating storage opportunities opened up, which resulted in record increases in spot TCE rates late in the first quarter of 2020 and throughout the second quarter of 2020. These market dynamics, which were driven by arbitrage trading rather than underlying consumption, led to a build-up of global oil and refined petroleum product inventories. During the six months ended June 30, 2021, global demand for oil and refined petroleum products remained subdued as governments around the world continued to impose travel restrictions and other measures in an effort to curtail the spread of the virus. These market conditions had an adverse impact on the demand for our vessels beginning in the third quarter of 2020 and continuing through the second quarter of 2021. We expect that the COVID-19 virus will continue to cause volatility in the commodities markets. The scale and duration of these circumstances is unknowable but could have a material impact on our earnings, cash flow and financial condition in 2021. An estimate of the impact on our results of operations and financial condition cannot be made at this time. IFRS 16 Lease Revenue In accordance with IFRS 16 - Leases, we are required to identify the lease and non-lease components of revenue and account for each component in accordance with the applicable accounting standard. In time charter-out or pool arrangements, we have determined that the lease component is the vessel and the non-lease component is the technical management services provided to operate the vessel. Each component is quantified on the basis of the relative stand-alone price of each lease component; and on the aggregate stand-alone price of the non-lease components. These components are accounted for as follows: • All fixed lease revenue earned under these time charter-out arrangements is recognized on a straight-line basis over the term of the lease. • Lease revenue earned under our pool arrangements is recognized as it is earned, since it is 100% variable. • The non-lease component is accounted for as services revenue under IFRS 15. This revenue is recognized “over time” as the customer (i.e. the pool or the charterer) is simultaneously receiving and consuming the benefits of the service. The following table summarizes the lease and non-lease components of revenue from time charter-out and pool revenue during the six months ended June 30, 2021 and 2020. These figures are not readily quantifiable as our contracts (with the Scorpio Pools or under time charter-out arrangements) do not separate these components. We do not view our pool and time charter-out revenue as two separate streams of revenue. Nevertheless, we have estimated these amounts by reference to (i) third party, published time charter rates for the lease component, and (ii) an approximation of the fair market value of vessel operating expenses for the non-lease component. For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Lease component of revenue from time charter-out and pool revenue $ 141,722 $ 384,906 Non-lease component of revenue from time charter-out and pool revenue 126,955 203,574 $ 268,677 $ 588,480 We had no vessels on long term time charter out contracts during the six months ended June 30, 2021 and 2020.
IFRS 16 Lease Revenue	IFRS 16 Lease Revenue In accordance with IFRS 16 - Leases, we are required to identify the lease and non-lease components of revenue and account for each component in accordance with the applicable accounting standard. In time charter-out or pool arrangements, we have determined that the lease component is the vessel and the non-lease component is the technical management services provided to operate the vessel. Each component is quantified on the basis of the relative stand-alone price of each lease component; and on the aggregate stand-alone price of the non-lease components. These components are accounted for as follows: • All fixed lease revenue earned under these time charter-out arrangements is recognized on a straight-line basis over the term of the lease. • Lease revenue earned under our pool arrangements is recognized as it is earned, since it is 100% variable. • The non-lease component is accounted for as services revenue under IFRS 15. This revenue is recognized “over time” as the customer (i.e. the pool or the charterer) is simultaneously receiving and consuming the benefits of the service.

Crewing costs

Crewing costs	6 Months Ended
	Jun. 30, 2021
Analysis of income and expense [abstract]
Crewing costs	Crewing costs The following table summarizes our crew expenses, including crew benefits, during the six months ended June 30, 2021 and 2020, respectively. For the six months ended June 30, In thousands of US dollars 2021 2020 Short-term crew benefits (i.e. wages, victualing, insurance) $ 85,799 $ 87,467 Other crew related costs 11,740 8,784 $ 97,539 $ 96,251

Financial expenses

Financial expenses	6 Months Ended
	Jun. 30, 2021
Analysis of income and expense [abstract]
Financial expenses	Financial expenses The following table summarizes our financial expenses for the six months ended June 30, 2021 and 2020, respectively. For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Interest expense on debt, net of capitalized interest (1) $ 57,888 $ 74,186 Write-off of deferred financing fees 1,326 313 Accretion of convertible notes 5,384 4,565 Amortization of deferred financing fees 3,689 3,086 Accretion of premiums and discounts on assumed debt 1,686 1,742 Total financial expenses $ 69,973 $ 83,892

Earnings _ (loss) per share

Earnings / (loss) per share	6 Months Ended
	Jun. 30, 2021
Earnings per share [abstract]
Earnings / (loss) per share	Earnings / (loss) per share The calculation of both basic and diluted earnings / (loss) per share is based on net income / (loss) attributable to equity holders of the parent and weighted average outstanding shares of: For the six months ended June 30, In thousands of U.S. dollars except for share data 2021 2020 Net income / (loss) attributable to equity holders of the parent - basic $ (115,176) $ 190,568 Convertible notes interest expense — 7,617 Net income / (loss) attributable to equity holders of the parent - diluted $ (115,176) $ 198,185 Basic weighted average number of shares 54,388,504 54,747,345 Effect of dilutive potential basic shares: Restricted stock — 1,778,355 Convertible notes — 5,275,395 — 7,053,750 Diluted weighted average number of shares 54,388,504 61,801,095 Earnings / (Loss) Per Share: Basic $ (2.12) $ 3.48 Diluted $ (2.12) $ 3.21 During the six months ended June 30, 2021, the inclusion of potentially dilutive shares relating to our Convertible Notes due 2022 and Convertible Notes due 2025 (representing an aggregate of 7,224,568 shares of common stock) and 3,720,577 unvested restricted shares were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

Financial instruments - financi

Financial instruments - financial and other risks	6 Months Ended
	Jun. 30, 2021
Financial Instruments [Abstract]
Financial instruments - financial and other risks	Financial instruments - financial and other risks Funding and capital risk management We manage our funding and capital resources to ensure our ability to continue as a going concern while maximizing the return to shareholders through the optimization of our debt and equity balance. IFRS 13 requires classifications of fair value measures into Levels 1, 2 and 3. Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs). The fair values and carrying values of our financial instruments at June 30, 2021 and December 31, 2020, respectively, are shown in the table below. Categories of Financial Instruments As of June 30, 2021 As of December 31, 2020 Amounts in thousands of U.S. dollars Fair value Carrying Value Fair value Carrying Value Financial assets Cash and cash equivalents (1) $ 282,229 $ 282,229 $ 187,511 $ 187,511 Restricted cash (2) 5,293 5,293 5,293 5,293 Loans and receivables (3) 31,730 31,730 33,017 33,017 Investment in ballast water treatment supplier (4) 1,751 1,751 1,751 1,751 Working capital contributions to Scorpio Pools (5) 73,161 73,161 73,161 73,161 Sellers credit on sale leaseback vessels (6) 10,488 10,488 10,192 10,192 Financial liabilities Accounts payable (7) $ 12,302 $ 12,302 $ 12,863 $ 12,863 Accrued expenses (7) 23,699 23,699 32,193 32,193 Secured bank loans (8) 741,734 741,734 976,505 976,505 Sale and leaseback liability (9) 1,514,110 1,500,497 1,290,390 1,271,449 IFRS 16 - Lease liability (10) 603,905 602,793 634,707 632,473 Unsecured Senior Notes Due 2025 (11) 58,781 58,757 28,774 28,100 Convertible Notes due 2022 (12) 69,678 69,695 145,647 151,229 Convertible Notes due 2025 (12) 210,857 202,930 — — (1) Cash and cash equivalents are considered Level 1 items as they represent liquid assets with short-term maturities. (2) Restricted cash are considered Level 1 items due to the liquid nature of these assets. (3) We consider that the carrying amount of accounts receivable approximate their fair value due to the relative short maturity of these instruments. (4) We consider the value of our minority interest in our BWTS supplier (as described in Note 6) to be a Level 3 fair value measurement, as this supplier is a private company and the value has been determined based on unobservable market data (i.e. the proceeds that we would receive if we exercised the put option set forth in the agreement in full). Moreover, we consider that its carrying value approximates fair value given that the value of this investment is contractually limited to the strike prices set forth in the put option that was granted to us and the call option that was granted to the supplier. The difference in the aggregate value of the investment, based on the spread between the exercise prices of the put and call options, is $0.6 million. (5) Non-current working capital contributions to the Scorpio Pools are repaid, without interest, upon a vessel’s exit from the pool. For all owned vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within Other Assets on the unaudited condensed consolidated balance sheets. We consider that their carrying values approximate fair value given that the amounts due are contractually fixed based on the terms of each pool agreement. (6) The seller's credit on sale and leaseback vessels represents the present value of the deposits of $4.35 million per vessel ($13.1 million in aggregate) that was retained by the buyer as part of the April 2017 sale and operating leasebacks of STI Beryl , STI Le Rocher and STI Larvotto , which is described in Note 6. This deposit will either be applied to the purchase price of the vessel if a purchase option is exercised or refunded to us at the expiration of the agreement. This deposit has been recorded as a financial asset measured at amortized cost. The present value of this deposit has been calculated based on the interest rate that is implied in the leases, and the carrying value will accrete over the life of the lease using the effective interest method, through interest income, until expiration. We consider that its carrying value approximates fair value given that its value is contractually fixed based on the terms of each lease. (7) We consider that the carrying amounts of accounts payable and accrued expenses approximate fair value due to the relative short maturity of these amounts. (8) The carrying value of our secured bank loans are measured at amortized cost using the effective interest method. We consider that their carrying value approximates fair value because (i) the interest rates on these instruments change with, or approximate, market interest rates and (ii) the credit risk of the Company has remained stable. Accordingly, we consider their fair value to be a Level 2 measurement. These amounts are shown net of $9.3 million and $12.3 million of unamortized deferred financing fees as of June 30, 2021 and December 31, 2020, respectively. (9) The carrying value of our obligations due under sale and leaseback arrangements are measured at amortized cost using the effective interest method. We consider that their carrying value approximates fair value because (i) the interest rates on these instruments change with, or approximate, market interest rates and (ii) the credit risk of the Company has remained stable. These amounts are shown net of $11.5 million and $8.7 million of unamortized deferred financing fees as of June 30, 2021 and December 31, 2020, respectively. (10) The carrying values of our lease liabilities accounted for under IFRS 16 - Leases are measured at the present value of the minimum lease payments over the lease term, discounted at our incremental borrowing rate. We consider that the carrying value of leases with variable payments approximates fair value because the interest rates on these instruments change with, or approximate, market interest rates. The fair value of leases with fixed payments are measured at the net discounted value of the remaining minimum lease payments using the Company's incremental borrowing rate at June 30, 2021 and December 31, 2020. Accordingly, we consider their fair value to be a Level 2 measurement. (11) The carrying value of our Senior Notes due 2025 shown in the table above is their face value. The Senior Notes due 2025 are shown net of $2.1 million of deferred financing fees and $0.1 of unamortized discount on our consolidated balance sheet as of June 30, 2021. The Senior Notes due 2025 are shown net of $1.4 million of deferred financing fees on our consolidated balance sheet as of December 31, 2020. Our Senior Notes due 2025 are quoted on the New York Stock Exchange under the symbol 'SBBA'. We consider their fair value to be a Level 1 measurement due to their quotation on an active exchange. (12) The carrying value of our Convertible Notes due 2022 and Convertible Notes due 2025 shown in the table above is their face value. The liability components of the Convertible Notes due 2022 and Convertible Notes due 2025 have been recorded within Long-term debt on the unaudited condensed consolidated balance sheet as of June 30, 2021. The equity component of the Convertible Notes due 2022 and Convertible Notes due 2025 has been recorded within Additional paid-in capital on the unaudited condensed consolidated balance sheet. These instruments are traded in inactive markets and are valued based on quoted prices on the recent trading activity. Accordingly, we consider their fair value to be a Level 2 measurement. Liquidity risk Liquidity risk is the risk that an entity will encounter difficulty in raising funds to meet commitments associated with financial instruments. We manage liquidity risk by maintaining adequate reserves and borrowing facilities and by continuously monitoring forecast and actual cash flows. Liquidity risks can manifest themselves when economic conditions deteriorate or when we have significant maturities of our financial instruments. Financing risks The financing for one vessel under our CITI / K-Sure Credit Facility of $19.3 million is scheduled to mature in March 2022. Additionally, during the second quarter of 2022, the following maturities are scheduled: (i) the financing for three vessels under the Citi/K-Sure Credit Facility of $57.6 million in aggregate, (ii) the Convertible Notes due 2022 of $69.7 million, and (iii) one vessel under the ING Credit Facility of $12.6 million in aggregate. While we believe our current financial position is adequate to address the maturity of these instruments, a deterioration in economic conditions could cause us to pursue other means to raise liquidity, such as through the sale of vessels, to meet this obligation. Economic conditions and COVID-19 risks Since the beginning of the calendar year of 2020, the outbreak of COVID-19 has spread throughout the world and has resulted in numerous actions taken by governments and governmental agencies in an attempt to mitigate the spread of the virus. These measures have resulted in a significant reduction in global economic activity and volatility in the global financial and commodities markets, including oil and refined petroleum products. Initially, the onset of the COVID-19 pandemic resulted in a sharp reduction of economic activity and a corresponding reduction in the global demand for oil and refined petroleum products. This period of time was marked by extreme volatility in the oil markets and the development of a steep contango in the prices of oil and refined petroleum products. Consequently, an abundance of arbitrage and floating storage opportunities opened up, which resulted in record increases in spot TCE rates during the second quarter of 2020. These market dynamics led to a build-up of global oil and refined petroleum product inventories. In June 2020, as underlying oil markets stabilized and global economies began to recover, the excess inventories that built up during this period began to slowly unwind. Nevertheless, global demand for oil and refined petroleum products remained subdued as governments around the world continued to impose travel restrictions and other measures in an effort to curtail the spread of the virus. These market conditions had an adverse impact on the demand for our vessels beginning in the third quarter of 2020 and continuing through the first half of 2021. During the second quarter of 2021, the easing of restrictive measures and successful roll-out of vaccines in certain countries served as a catalyst for an economic recovery in many developed countries throughout the world. Consequently, oil prices reached multi-year highs and inventories of refined petroleum products continue to be depleted. While these conditions are favorable for long-term demand growth, they were insufficient to stimulate spot TCE rates during the six months ended June 30, 2021 given the uneven nature of the global economic recovery, and the restrictions that remain in place in parts of the world with low vaccine uptake. We expect that the COVID-19 pandemic will continue to cause volatility in the commodities markets, particularly as new variants spread. The scale and duration of these circumstances is unknowable but could have a material impact on our earnings, cash flow and financial condition for the remainder of 2021 and 2022. We currently project that we will have adequate financial resources to continue in operation and meet our financial commitments (including but not limited to debt service obligations, obligations under sale and leaseback arrangements, commitments under other leasing arrangements, and commitments under our scrubber and BWTS contracts) for a period of at least twelve months from the date of approval of these unaudited condensed consolidated financial statements. Accordingly, we continue to adopt the going concern basis in preparing our financial statements.

General and administrative expe

General and administrative expenses	6 Months Ended
	Jun. 30, 2021
Analysis of income and expense [abstract]
General and administrative expenses	General and administrative expensesGeneral and administrative expenses decreased by $9.1 million to $26.9 million from $36.0 million for the six months ended June 30, 2021 and 2020, respectively. This decrease was primarily driven by a decrease in restricted stock amortization and compensation expenses.

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2021
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	Subsequent events Declaration of dividend In August 2021, our Board of Directors declared a quarterly cash dividend of $0.10 per common share, which was paid on September 29, 2021 to all shareholders of record as of September 9, 2021. Convertible Notes due 2022 and 2025 In September 2021, the conversion rates of the Convertible Notes due 2022 and Convertible Notes due 2025 were adjusted to reflect the payment of a cash dividend on September 29, 2021 to all shareholders of record as of September 9, 2021. The new conversion rates for each of the Convertible Notes due 2022 and Convertible Notes due 2025 is 26.9419 of the Company’s common shares, representing an increase of the prior conversion rates of 0.1540 shares for each $1,000 principal amount of the Convertible Notes due 2022 and Convertible Notes due 2025. At the Market Offering Program of Senior Notes due 2025 During the third quarter of 2021 through September 29, 2021, we issued $9.5 million in aggregate principal amount of Senior Notes due 2025 under the Distribution Agreement for Additional Notes, resulting in $9.3 million in aggregate net proceeds (net of underwriters commissions and expenses). Scrubber purchases In August 2021, we declared options to purchase and install scrubbers on six vessels (five LR1s and an LR2). The scrubbers are expected to be installed within the first half of 2022. Investment in dual fuel tankers During the third quarter of 2021, we acquired a minority interest in a portfolio of nine product tankers for approximately $7.0 million. As part of this agreement, we acquired a 50% interest in a joint venture that ultimately has a minority interest in the entities that own the vessels. The portfolio consists of five dual-fuel MR Methanol tankers (built between 2016 and 2021) which, in addition to traditional petroleum products, are designed to both carry methanol as a cargo and to consume it as a fuel, along with four ice class 1A LR1 product tankers. The dual-fuel MR methanol tankers are currently on long-term time charter contracts greater than five years. CSSC Lease Financing and CSSC Scrubber Lease Financing In September 2021, we amended and restated the terms of our sale and leaseback arrangement with CSSC (Hong Kong) Shipping Company Limited for five LR2 vessels ( STI Gratitude, STI Gladiator, STI Gauntlet, STI Guide and STI Goal ). Under the terms of the amended and restated agreement, the borrowing amount increased to $140.7 million from $128.9 million at the time of the transaction, resulting in a net additional borrowing of $11.8 million. The tenor of the arrangement remained unchanged (with each lease scheduled to expire throughout 2026 and 2027), however, upon notice, we now have the option under the amended and restated arrangement to extend the lease for each vessel by an additional 24 months. The interest under the amended and restated agreement was reduced to LIBOR plus a margin of 3.50% per annum from LIBOR plus a margin of 4.60% and the principal balance is scheduled to be repaid in equal installments of approximately $0.2 million per vessel per month. Each lease also contains purchase options to re-acquire each of the subject vessels beginning on the second anniversary date from the effective date of the amended agreement, with a purchase obligation for each vessel upon the expiration of each agreement. Our CSSC Lease Financing includes a covenant that requires that the fair market value of each vessel leased under the facility shall at all times be no less than 125% of the outstanding balance for such vessel.

General information and signi_2

General information and significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2021
Corporate Information And Statement Of IFRS Compliance [Abstract]
Disclosure of significant accounting policies	General information and significant accounting policies Company Scorpio Tankers Inc. and its subsidiaries (together “we”, “our” or the “Company”) are engaged in the seaborne transportation of refined petroleum products in the international shipping markets. Scorpio Tankers Inc. was incorporated in the Republic of the Marshall Islands on July 1, 2009. On April 6, 2010, we closed on our initial public offering, and our common stock currently trades on the New York Stock Exchange under the symbol STNG. Our fleet as of June 30, 2021 consisted of 131 owned, sale and leaseback, or bareboat chartered-in product tankers (14 Handymax, 63 MR, 12 LR1 and 42 LR2). Our vessels are commercially managed by Scorpio Commercial Management S.A.M., or SCM, which is majority owned by the Lolli-Ghetti family of which Mr. Emanuele Lauro, our founder, Chairman and Chief Executive Officer, and Mr. Filippo Lauro, our Vice President, are members. SCM’s services include securing employment for the vessels in our fleet, in pools, in the spot market, and on time charters. Our vessels are technically managed by Scorpio Ship Management S.A.M., or SSM, which is majority owned by the Lolli-Ghetti family. SSM facilitates vessel support such as crew, provisions, deck and engine stores, insurance, maintenance and repairs, and other services necessary to operate the vessels such as drydocks and vetting/inspection under a technical management agreement. We also have an administrative services agreement with Scorpio Services Holding Limited, or SSH, which is majority owned by the Lolli-Ghetti family. The administrative services provided under this agreement primarily include accounting, legal compliance, financial, information technology services, and the provision of administrative staff and office space, which are contracted to subsidiaries of SSH. We pay our managers fees for these services and reimburse them for direct or indirect expenses that they incur in providing these services. Basis of accounting The unaudited condensed consolidated financial statements have been presented in United States dollars (“USD” or “$”), which is the functional currency of Scorpio Tankers Inc. and all of its subsidiaries. The unaudited condensed consolidated financial statements for the six months ended June 30, 2021 have been prepared in accordance with International Accounting Standard, or IAS 34, Interim Financial Statements , as issued by the International Accounting Standards Board, or IASB, using the same accounting policies as adopted in the preparation of the consolidated financial statements for the year ended December 31, 2020. These unaudited condensed consolidated interim financial statements do not include all of the information required for full annual financial statements prepared in accordance with International Financial Reporting Standards or IFRS. Going concern The unaudited condensed consolidated financial statements have been prepared in accordance with the going concern basis of accounting as described further in the "Liquidity risk" section of Note 18. Liquidity risk is the risk that an entity will encounter difficulty in raising funds to meet commitments associated with financial instruments. We manage liquidity risk by maintaining adequate reserves and borrowing facilities and by continuously monitoring forecast and actual cash flows. Liquidity risks can manifest themselves when economic conditions deteriorate or when we have significant maturities of our financial instruments. The financing for one vessel under our Citi / K-Sure Credit Facility of $19.3 million is scheduled to mature in March 2022. Additionally, during the second quarter of 2022, the following maturities are scheduled: (i) the financing for three vessels under the Citi/K-Sure Credit Facility of $57.6 million in aggregate, (ii) the Convertible Notes due 2022 of $69.7 million, and (iii) one vessel under the ING Credit Facility of $12.6 million in aggregate. Inclusive of these maturities and other scheduled debt payments, the overall gross current debt balance is $458.6 million. While we believe our current financial position is adequate to address these cash outflows, a deterioration in economic conditions could cause us to breach the covenants under our financing arrangements and could have a material adverse effect on our business, results of operations, cash flows and financial condition. These circumstances could cause us to seek covenant waivers from our lenders and to pursue other means to raise liquidity, such as through the sale of vessels or in the capital markets, to meet our obligations. Adoption of new and amended IFRS and International Financial Reporting Interpretations Committee interpretations No significant standards and interpretations were adopted during the six months ended June 30, 2021. Standards and interpretations adopted during the six months ended June 30, 2020 • Amendments to IAS 1 and IAS 8 - Definition of Material • Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest Rate Benchmark Reform The adoption of these standards did not have a significant impact on these consolidated financial statements.
Basis of accounting	Basis of accounting The unaudited condensed consolidated financial statements have been presented in United States dollars (“USD” or “$”), which is the functional currency of Scorpio Tankers Inc. and all of its subsidiaries. The unaudited condensed consolidated financial statements for the six months ended June 30, 2021 have been prepared in accordance with International Accounting Standard, or IAS 34, Interim Financial Statements
Going concern	Going concern The unaudited condensed consolidated financial statements have been prepared in accordance with the going concern basis of accounting as described further in the "Liquidity risk" section of Note 18. Liquidity risk is the risk that an entity will encounter difficulty in raising funds to meet commitments associated with financial instruments. We manage liquidity risk by maintaining adequate reserves and borrowing facilities and by continuously monitoring forecast and actual cash flows. Liquidity risks can manifest themselves when economic conditions deteriorate or when we have significant maturities of our financial instruments. The financing for one vessel under our Citi / K-Sure Credit Facility of $19.3 million is scheduled to mature in March 2022. Additionally, during the second quarter of 2022, the following maturities are scheduled: (i) the financing for three vessels under the Citi/K-Sure Credit Facility of $57.6 million in aggregate, (ii) the Convertible Notes due 2022 of $69.7 million, and (iii) one vessel under the ING Credit Facility of $12.6 million in aggregate. Inclusive of these maturities and other scheduled debt payments, the overall gross current debt balance is $458.6 million. While we believe our current financial position is adequate to address these cash outflows, a deterioration in economic conditions could cause us to breach the covenants under our financing arrangements and could have a material adverse effect on our business, results of operations, cash flows and financial condition. These circumstances could cause us to seek covenant waivers from our lenders and to pursue other means to raise liquidity, such as through the sale of vessels or in the capital markets, to meet our obligations.
Disclosure of expected impact of initial application of new standards or interpretations	Adoption of new and amended IFRS and International Financial Reporting Interpretations Committee interpretations No significant standards and interpretations were adopted during the six months ended June 30, 2021. Standards and interpretations adopted during the six months ended June 30, 2020 • Amendments to IAS 1 and IAS 8 - Definition of Material • Amendments to IFRS 9, IAS 39 and IFRS 7 - Interest Rate Benchmark Reform The adoption of these standards did not have a significant impact on these consolidated financial statements.

Accounts receivable (Tables)

Accounts receivable (Tables)	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Summary of the components of accounts receivable	The following is a table summarizing our accounts receivable as of June 30, 2021 and December 31, 2020: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Scorpio MR Pool Limited $ 13,866 $ 9,751 Scorpio LR2 Pool Limited 8,819 10,698 Scorpio LR1 Pool Limited 3,477 2,367 Scorpio Handymax Tanker Pool Limited 1,656 3,597 Scorpio Commercial Management S.A.M. — 284 Receivables from related parties 27,818 26,697 Freight and time charter receivables 2,846 — Insurance receivables 405 5,259 Other receivables 661 1,061 $ 31,730 $ 33,017

Prepaid expenses and other as_2

Prepaid expenses and other assets (Tables)	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Summary of prepaid expenses and other assets	The following is a table summarizing our prepaid expenses and other current assets as of June 30, 2021 and December 31, 2020: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 SSM - prepaid vessel operating expense $ 4,535 $ 3,975 Prepaid vessel operating expenses - third parties 2,028 1,757 Prepaid insurance 1,762 574 Prepaid interest — 4,035 Other prepaid expenses 2,125 2,089 $ 10,450 $ 12,430

Vessels and drydock (Tables)

Vessels and drydock (Tables)	6 Months Ended
	Jun. 30, 2021
Property, plant and equipment [abstract]
Operating vessels rollforward	The following is a rollforward of the activity within Vessels and drydock from January 1, 2021 through June 30, 2021. In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2021 $ 4,773,502 $ 132,474 $ 4,905,976 Additions (1) 5,871 14,398 20,269 Fully depreciated assets (2) — (16,396) (16,396) As of June 30, 2021 4,779,373 130,476 4,909,849 Accumulated depreciation As of January 1, 2021 (849,355) (53,733) (903,088) Charge for the period (84,723) (13,283) (98,006) Fully depreciated assets (2) — 16,396 16,396 As of June 30, 2021 (934,078) (50,620) (984,698) Net book value As of June 30, 2021 $ 3,845,295 $ 79,856 $ 3,925,151 Net book value As of December 31, 2020 $ 3,924,147 $ 78,741 $ 4,002,888 (1) Additions during the six months ended June 30, 2021 primarily relate to the various costs relating to drydocks, ballast water treatment system, and scrubber installations.
Summary of cost capitalized	The following is a summary of the cost types that were capitalized during the six months ended June 30, 2021: In thousands of U.S. dollars Drydock (1) Notional component of scrubber Total drydock additions Scrubber (1) BWTS (1) Other equipment Capitalized interest Total vessel additions Handymax $ 774 $ — $ 774 $ — $ (107) $ 3 $ — $ (104) MR (261) — (261) 143 197 637 — 977 LR1 6,205 — 6,205 42 — 156 — 198 LR2 7,530 150 7,680 3,209 (18) 1,609 — 4,800 $ 14,248 $ 150 $ 14,398 $ 3,394 $ 72 $ 2,405 $ — $ 5,871
Schedule of future expected payments for purchase commitments	The following table is a timeline of future expected payments and dates for our commitments to purchase scrubbers and BWTS as of June 30, 2021 (1) : In thousands of U.S. dollars As of June 30, 2021 Less than 1 month $ — 1-3 months 7,371 3 months to 1 year 8,216 1-5 years 12,083 5+ years — Total $ 27,670 (1) These amounts are subject to change as installation times are finalized. The amounts presented exclude installation costs .

Right of use assets and relat_2

Right of use assets and related lease liabilities (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Disclosure of quantitative information about right-of-use assets	The following is the activity of the right of use assets from January 1, 2021 through June 30, 2021: In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2021 $ 853,690 $ 23,562 $ 877,252 Other (1) (349) — (349) Fully depreciated assets (1) (17,095) — (17,095) As of June 30, 2021 836,246 23,562 859,808 Accumulated depreciation and impairment As of January 1, 2021 (63,636) (6,437) (70,073) Charge for the period (19,569) (2,472) (22,041) Other (1) (19) — (19) Fully depreciated assets (1) 17,095 — 17,095 As of June 30, 2021 (66,129) (8,909) (75,038) Net book value As of June 30, 2021 $ 770,117 $ 14,653 $ 784,770 Net book value As of December 31, 2020 $ 790,054 $ 17,125 $ 807,179 (1) This amount represents the adjustment of the lease term and write-off of fully depreciated right of use assets related to the bareboat charters on four of the fixed rate Handymax vessels that expired in March 2021. The following table summarizes the payments made for the six months ended June 30, 2021 and June 30, 2020 relating to lease liabilities accounted for under IFRS 16 - Leases : For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Interest expense recognized in the unaudited condensed consolidated statements of income or loss $ 12,096 $ 15,631 Principal repayments recognized in unaudited condensed consolidated cash flow statements 28,674 41,668 Net decrease / (increase) in accrued interest expense 39 (153) Net (decrease) in prepaid interest expense (45) (335) Total payments on lease liabilities under IFRS 16 $ 40,764 $ 56,811
Contractual Obligation, Fiscal Year Maturity	The obligations under these agreements will be repaid as follows: As of In thousands of U.S. dollars June 30, 2021 Less than 1 year $ 77,497 1 - 5 years 284,151 5+ years 372,435 Total $ 734,083 Discounting effect (130,651) Prepaid interest expense (639) Lease liability $ 602,793

Other assets (Tables)

Other assets (Tables)	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Schedule of other non-current assets	As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Scorpio LR2 Pool Ltd. pool working capital contributions (1) $ 35,700 $ 35,700 Scorpio MR Tanker Pool Ltd. pool working capital contributions (1) 25,200 25,200 Scorpio Handymax Tanker Pool Ltd. pool working capital contributions (2) 5,661 5,661 Scorpio LR1 Pool Ltd. pool working capital contributions (1) 6,600 6,600 Working capital contributions to Scorpio Pools 73,161 73,161 Deposits for scrubbers (3) 10,542 5,617 Seller's credit on sale leaseback vessels (4) 10,488 10,192 Investment in BWTS supplier (5) 1,751 1,751 Capitalized loan fees (6) 1,503 1,424 Other assets $ 97,445 $ 92,145 (1) Upon entrance into the Scorpio LR2, LR1 and MR Pools, all vessels are required to make initial working capital contributions of both cash and bunkers. Initial working capital contributions are repaid, without interest, upon a vessel’s exit from the pool. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within Other Assets on the unaudited condensed consolidated balance sheets. For time chartered-in vessels we classify the amounts as current (within Accounts Receivable) or non-current (within Other Assets) according to the expiration of the contract. (2) Upon entrance into the Scorpio Handymax Tanker Pool, all vessels are required to make initial working capital contributions of both cash and bunkers. Initial working capital contributions are repaid, without interest, upon a vessel's exit from each pool no later than six months after the exit date. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within Other Assets on the consolidated balance sheets. For time chartered-in vessels we classify the amounts as current (within Accounts Receivable) or non-current (within Other Assets) according to the expiration of the contract. (3) From August 2018 through September 2019, we entered into agreements with two separate suppliers to retrofit a total of 98 of our vessels with scrubbers for total consideration of $146.6 million (which excludes installation costs). Deposits paid for these systems are reflected as investing cash flows within the unaudited condensed consolidated statement of cash flows. In February 2021, we signed an agreement to retain the option to purchase these scrubbers through February 2023. (4) The seller's credit on sale leaseback vessels represents the present value of the deposits of $4.35 million per vessel ($13.1 million in aggregate) that was retained by the buyer as part of the sale and operating leasebacks of STI Beryl , STI Le Rocher and STI Larvotto which occurred in April 2017. This deposit will either be applied to the purchase price of the vessel if a purchase option is exercised or refunded to us at the expiration of the agreement. The present value of this deposit has been calculated based on the interest rate that is implied in the lease, and the carrying value will accrete over the life of the lease, through interest income, until expiration. We recorded $0.3 million as interest income as part of these agreements during each of the six months ended June 30, 2021 and 2020. (5) In July 2018, we executed an agreement to purchase 55 ballast water treatment systems from an unaffiliated third-party supplier for total consideration of $36.2 million. These systems have been installed, or are expected to be installed, through 2023 as each respective vessel under the agreement is due for its IOPP renewal survey. Upon entry into this agreement, we also obtained a minority equity interest in this supplier for no additional consideration. We have determined that of the total consideration of $36.2 million, $1.8 million is attributable to the minority equity interest.

Accounts payable (Tables)

Accounts payable (Tables)	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Summary of the components of accounts payable	The following is a table summarizing our accounts payable as of June 30, 2021 and December 31, 2020: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Scorpio Ship Management S.A.M. (SSM) $ 2,086 $ 902 Scorpio Services Holding Limited (SSH) 427 404 Scorpio MR Pool Limited 246 230 Amounts due to a related party port agent 96 42 Scorpio LR1 Pool Limited 33 — Scorpio Handymax Tanker Pool Limited 24 2 Scorpio Commercial Management S.A.M. (SCM) 22 58 Scorpio LR2 Pool Limited 12 338 Accounts payable to related parties 2,946 1,976 Suppliers 9,356 10,887 $ 12,302 $ 12,863

Accrued expenses (Tables)

Accrued expenses (Tables)	6 Months Ended
	Jun. 30, 2021
Subclassifications of assets, liabilities and equities [abstract]
Summary of the components of accrued expenses	The following is a table summarizing our accrued expenses as of June 30, 2021 and December 31, 2020: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Accrued expenses to a related party port agent $ 392 $ 313 Scorpio MR Pool Limited 25 375 Scorpio Commercial Management S.A.M. (SCM) 18 — Scorpio Ship Management S.A.M (SSM) 51 33 Scorpio Handymax Tanker Pool Limited 2 — Scorpio LR1 Pool Limited 1 — Accrued expenses to related parties 489 721 Suppliers 13,417 15,938 Accrued interest 4,492 4,282 Accrued short-term employee benefits 3,408 11,231 Other accrued expenses 1,893 21 $ 23,699 $ 32,193

Current and long-term debt (Tab

Current and long-term debt (Tables)	6 Months Ended
	Jun. 30, 2021
Financial Instruments [Abstract]
Schedule of Detailed Information about Current and Long-term Debt	The following is a roll forward of the activity within debt (current and non-current), by facility, for the six months ended June 30, 2021: Activity Balance as of June 30, 2021 consists of: In thousands of U.S. dollars Carrying Value as of December 31, 2020 Drawdowns Repayments Other Activity (1) Carrying Value as of June 30, 2021 Current Non-Current KEXIM Credit Facility $ 15,932 $ — $ (15,932) $ — $ — $ — $ — ING Credit Facility 191,348 2,128 (161,090) — 32,386 16,354 16,032 2018 NIBC Credit Facility 31,066 — (31,066) — — — — Credit Agricole Credit Facility 80,676 — (4,283) 371 76,764 7,862 68,902 ABN AMRO / K-Sure Credit Facility 40,587 — (1,926) 344 39,005 3,190 35,815 Citibank / K-Sure Credit Facility 84,478 — (4,208) 871 81,141 81,141 — ABN / SEB Credit Facility 97,856 — (21,692) — 76,164 10,117 66,047 Hamburg Commercial Credit Facility 40,315 — (1,645) — 38,670 3,292 35,378 Prudential Credit Facility 50,378 — (2,773) — 47,605 5,546 42,059 2019 DNB / GIEK Credit Facility 52,563 — (3,556) — 49,007 7,113 41,894 BNPP Sinosure Credit Facility 94,733 1,915 (5,167) — 91,481 10,334 81,147 2020 $225 Million Credit Facility 208,890 — (10,501) — 198,389 21,001 177,388 2021 $21.0 Million Credit Facility — 21,000 (585) — 20,415 2,340 18,075 Ocean Yield Lease Financing 137,399 — (5,515) 90 131,974 11,213 120,761 BCFL Lease Financing (LR2s) 83,974 3,814 (5,228) 258 82,818 10,529 72,289 CSSC Lease Financing 136,949 — (5,464) (254) 131,231 11,418 119,813 CSSC Scrubber Lease Financing 4,443 — (1,960) — 2,483 2,352 131 BCFL Lease Financing (MRs) 77,748 5,779 (7,100) — 76,427 15,244 61,183 2018 CMBFL Lease Financing 124,993 — (6,504) — 118,489 13,007 105,482 $116.0 Million Lease Financing 103,801 1,926 (4,840) — 100,887 10,315 90,572 AVIC Lease Financing 119,732 — (6,663) — 113,069 13,327 99,742 China Huarong Lease Financing 110,250 10,000 (8,417) — 111,833 16,833 95,000 $157.5 Million Lease Financing 123,800 — (7,071) — 116,729 14,143 102,586 COSCO Lease Financing 68,750 — (3,850) — 64,900 7,700 57,200 2020 CMBFL Lease Financing 44,573 — (1,621) — 42,952 3,242 39,710 2020 TSFL Lease Financing 47,250 — (1,661) — 45,589 3,321 42,268 2020 SPDBFL Lease Financing 96,500 — (6,125) — 90,375 6,496 83,879 2021 AVIC Lease Financing — 96,352 (1,808) — 94,544 7,252 87,292 2021 CMBFL Lease Financing — 79,050 (1,225) — 77,825 6,520 71,305 2021 TSFL Lease Financing — 57,663 (1,096) — 56,567 4,380 52,187 2021 CSSC Lease Financing — 57,400 (877) — 56,523 5,262 51,261 IFRS 16 - Leases - 7 Handymax 2,247 — (1,879) (368) — — — IFRS 16 - Leases - 3 MR 36,936 — (3,765) — 33,171 7,895 25,276 $670.0 Million Lease Financing 593,291 — (23,030) — 570,261 47,130 523,131 Unsecured Senior Notes Due 2025 28,100 30,551 — 6 58,657 — 58,657 Convertible Notes Due 2022 140,713 — — (74,188) 66,525 66,525 — Convertible Notes Due 2025 — 119,419 — 76,844 196,263 — 196,263 $ 3,070,271 $ 486,997 $ (370,123) $ 3,974 $ 3,191,119 $ 452,394 $ 2,738,725 Less: deferred financing fees and prepaid interest (22,471) (8,800) — 1,102 (30,169) (6,667) (23,502) Total $ 3,047,800 $ 478,197 $ (370,123) $ 5,076 $ 3,160,950 $ 445,727 $ 2,715,223 (1) Relates to non-cash accretion or amortization of (i) debt or lease obligations assumed as part of the 2017 merger with Navig8 Product Tankers Inc. ("NPTI"), which were recorded at fair value on the closing dates, (ii) amortization and write-offs of deferred financing fees, (iii) accretion of our Convertible Notes due 2022 and Convertible Notes due 2025 of $2.9 million and $2.5 million, respectively, and (iv) the impact of the 2021 Convertible Notes Exchanges (described below) whereby the amounts in the above table reflect the carrying amounts of the debt portions of each of the Convertible Notes due 2022 and Convertible Notes due 2025 that were exchanged. The following table summarizes our financial expenses for the six months ended June 30, 2021 and 2020, respectively. For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Interest expense on debt, net of capitalized interest (1) $ 57,888 $ 74,186 Write-off of deferred financing fees 1,326 313 Accretion of convertible notes 5,384 4,565 Amortization of deferred financing fees 3,689 3,086 Accretion of premiums and discounts on assumed debt 1,686 1,742 Total financial expenses $ 69,973 $ 83,892
Schedule of detailed information about accreted principal amount	The Accreted Principal Amount feature will accrete over the term of the Convertible Notes due 2025 under the effective interest method and recorded as part of financial expenses. The following table sets forth the Accreted Principal Amount per $1,000 principal amount of the Convertible Notes due 2025 per the indenture as of the specified dates during the period from the issue date through the maturity date: Date Accreted Principal Amount March 25, 2021 $100.0000 May 15, 2021 $100.7125 November 15, 2021 $103.3669 May 15, 2022 $106.1308 November 15, 2022 $109.0087 May 15, 2023 $112.0053 November 15, 2023 $115.1255 May 15, 2024 $118.3744 November 15, 2024 $121.7574 May 15, 2025 $125.2798

Common shares (Tables)

Common shares (Tables)	6 Months Ended
	Jun. 30, 2021
Share-Based Payment Arrangements [Abstract]
Summary of activity for awards of restricted stock	The following is a summary of activity for awards of restricted stock that have been granted under the Plan during the six months ended June 30, 2021. Number of Shares Weighted Average Grant Date Fair Value Outstanding and non-vested, December 31, 2020 3,806,773 $ 24.19 Granted 276,369 18.38 Vested (362,565) 31.14 Forfeited — — Outstanding and non-vested, June 30, 2021 3,720,577 $ 23.08
Summary of future stock compensation expense	Assuming that all the restricted stock will vest, the stock compensation expense in future periods, including that related to restricted stock issued in prior periods will be: In thousands of U.S. dollars Employees Directors Total For the period July 1, 2021 through December 31, 2021 $ 9,844 $ 596 $ 10,440 For the year ending December 31, 2022 13,952 488 14,440 For the year ending December 31, 2023 6,951 107 7,058 For the year ending December 31, 2024 2,482 — 2,482 For the year ending December 31, 2025 540 — 540 For the year ending December 31, 2026 58 — 58 $ 33,827 $ 1,191 $ 35,018

Related party transactions (Tab

Related party transactions (Tables)	6 Months Ended
	Jun. 30, 2021
Related party transactions [abstract]
Disclosure of transactions between related parties	Transactions with entities controlled by the Lolli-Ghetti family (herein referred to as related parties) in the unaudited condensed consolidated statements of income or loss and balance sheets are as follows: For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Pool revenue (1) Scorpio MR Pool Limited $ 131,272 $ 211,567 Scorpio LR2 Pool Limited 88,278 244,046 Scorpio Handymax Tanker Pool Limited 25,783 76,012 Scorpio LR1 Pool Limited 23,344 56,855 Voyage revenue (2) — 2,334 Voyage expenses (3) (1,566) (3,351) Vessel operating costs (4) (17,846) (16,884) Administrative expenses (5) (6,790) (7,001) (1) These transactions relate to revenue earned in the Scorpio Pools. The Scorpio Pools are related parties. When our vessels are in the Scorpio Pools, SCM, the pool manager, charges fees of $300 per vessel per day with respect to our LR1 vessels, $250 per vessel per day with respect to our LR2 vessels, and $325 per vessel per day with respect to each of our Handymax and MR vessels, plus a commission of 1.50% on gross revenue per charter fixture. These are the same fees that SCM charges other vessels in these pools, including third party owned vessels. (2) These transactions relate to revenue earned in the spot market on voyages chartered through SSH, a related party affiliate. (3) Related party expenditures included within voyage expenses in the unaudited condensed consolidated statements of income or loss consist of the following: • Expenses due to SCM, a related party affiliate, for commissions related to the commercial management services provided by SCM under the commercial management agreement for vessels that are not in one of the Scorpio Pools. SCM’s services include securing employment, in the spot market and on time charters, for our vessels. When not in one of the Scorpio Pools, each vessel pays (i) flat fees of $250 per day for LR1 and LR2 vessels and $300 per day for Handymax and MR vessels and (ii) commissions of 1.25% of their gross revenue per charter fixture. These expenses are included in voyage expenses in the unaudited condensed consolidated statements of income or loss. • Bunkers of $1.7 million that were purchased from a related party bunker provider (who was engaged in the procurement of bunkers on our behalf) during the six months ended June 30, 2021. These bunkers were purchased when our vessels were operating in the spot market, outside of the Scorpio Pools. Approximately $1.1 million of these purchases were consumed during the related spot market voyages, and the remaining unconsumed portion was considered a working capital contribution to the pool (see below for a description on the account for working capital contributions to the Scorpio Pools) when the vessels re-joined the pools. Bunkers of $3.3 million were purchased from this provider during the six months ended June 30, 2020, of which $2.6 million were consumed during the period. (4) Related party expenditures included within vessel operating costs in the unaudited condensed consolidated statements of income or loss consist of the following: • Technical management fees of $16.4 million and $16.0 million charged by SSM, a related party, during the six months ended June 30, 2021 and 2020, respectively. SSM’s services include day-to-day vessel operations, performing general maintenance, monitoring regulatory and classification society compliance, customer vetting procedures, supervising the maintenance and general efficiency of vessels, arranging the hiring of qualified officers and crew, arranging and supervising drydocking and repairs, purchasing supplies, spare parts and new equipment for vessels, appointing supervisors and technical consultants, and providing technical support. SSM administers the payment of salaries to our crew on our behalf. The crew wages that were administered by SSM (and disbursed through related party subcontractors of SSM) were $75.6 million and $72.8 million during the six months ended June 30, 2021 and 2020, respectively. SSM's fixed annual technical management fee is $175,000 per vessel plus certain itemized expenses in the technical management agreement. • Vessel operating expenses of $1.5 million and $0.9 million charged by a related party port agent during the six months ended June 30, 2021 and 2020, respectively. SSH has a majority equity interest in a port agent that provides supply and logistical services for vessels operating in its regions. (5) We have an Amended Administrative Services Agreement with SSH for the provision of administrative staff, office space, and administrative services, including accounting, legal compliance, financial and information technology services. SSH is a related party to us. We reimburse SSH for direct or indirect expenses that are incurred on our behalf. SSH also arranges vessel sales and purchases for us. The services provided to us by SSH may be sub-contracted to other entities within the Scorpio group of companies, or Scorpio. The expenses incurred under this agreement were recorded in general and administrative expenses in the unaudited condensed consolidated statement of income or loss and consisted of the following: • The expense for the six months ended June 30, 2021 of $6.8 million included (i) administrative fees of $6.1 million charged by SSH, (ii) restricted stock amortization of $0.7 million, which relates to the issuance of an aggregate of 315,950 shares of restricted stock to SSH employees for no cash consideration pursuant to the 2013 Equity Incentive Plan, and (iii) the reimbursement of expenses of $25,436 to SSH and $2,462 to SCM. • The expense for the six months ended June 30, 2020 of $7.0 million included (i) administrative fees of $6.3 million charged by SSH, (ii) restricted stock amortization of $0.7 million, which relates to the issuance of an aggregate of 221,900 shares of restricted stock to SSH employees for no cash consideration pursuant to the 2013 Equity Incentive Plan, and (iii) the reimbursement of expenses of $19,772 to SSH and $21,971 to SCM. We had the following balances with related parties, which have been included in the unaudited condensed consolidated balance sheets: As of In thousands of U.S. dollars June 30, 2021 December 31, 2020 Assets: Accounts receivable (due from the Scorpio Pools) (1) $ 27,818 $ 26,413 Accounts receivable and prepaid expenses (SSM) (2) 4,535 4,259 Other assets (pool working capital contributions) (3) 73,161 73,161 Liabilities: Accounts payable and accrued expenses (SSM) 2,137 935 Accounts payable and accrued expenses (related party port agent) 488 355 Accounts payable and accrued expenses (SSH) 427 404 Accounts payable and accrued expenses (owed to the Scorpio Pools) 343 945 Accounts payable and accrued expenses (SCM) 40 58 (1) Accounts receivable due from the Scorpio Pools relate to receivables for revenues earned and receivables from working capital contributions. Working capital contributions for the remaining vessels in the fleet are classified as non-current, within Other Assets. Upon entrance into such pools, all vessels are required to make working capital contributions of both cash and bunkers. Additional working capital contributions can be made from time to time based on the operating needs of the Scorpio Pools. These amounts are accounted for and repaid as follows: • For vessels in the Scorpio LR2 Pool, Scorpio LR1 Pool, Scorpio MR Pool, and Scorpio Handymax Tanker Pool, the initial contribution amount is repaid, without interest, upon a vessel’s exit from the pool no later than six months after the exit date. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned or lease financed vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within other assets on the unaudited condensed consolidated balance sheets. • For time or bareboat chartered-in vessels we classify the initial contributions as current (within accounts receivable) or non-current (within other assets) according to the expiration of the contract. Any additional working capital contributions are repaid when sufficient net revenues become available to cover such amounts. (2) Accounts receivable and prepaid expenses from SSM relate to advances made for vessel operating expenses (such as crew wages) that will either be reimbursed or applied against future costs. (3) Represents the non-current portion of working capital receivables as described above.
Disclosure of key management remuneration	Key management remuneration The table below shows key management remuneration for the six months ended June 30, 2021 and 2020: For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Short-term employee benefits (salaries) $ 2,663 $ 6,626 Share-based compensation (1) 9,278 12,013 Total $ 11,941 $ 18,639 (1) Represents the amortization of restricted stock issued under the Plan as described in Note 11.

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jun. 30, 2021
Disclosure of operating segments [abstract]
Disclosure of operating segments	Information about our reportable segments for the six months ended June 30, 2021 and 2020 is as follows: For the six months ended June 30, 2021 In thousands of U.S. dollars LR1 Handymax LR2 MR Reportable segments subtotal Corporate and eliminations Total Vessel revenue $ 23,344 $ 25,783 $ 88,278 $ 136,202 $ 273,607 $ — $ 273,607 Vessel operating costs (14,065) (19,814) (50,834) (79,187) (163,900) — (163,900) Voyage expenses 16 (479) (243) (2,075) (2,781) — (2,781) Depreciation - owned or sale and leaseback vessels (10,446) (10,454) (40,112) (36,994) (98,006) — (98,006) Depreciation - right of use assets for vessels — (1,773) (4,216) (16,052) (22,041) — (22,041) General and administrative expenses (581) (760) (2,034) (3,015) (6,390) (20,494) (26,884) Financial expenses — — — — — (69,973) (69,973) Loss on Convertible Notes exchange — — — — — (5,504) (5,504) Financial income 2 — — 296 298 114 412 Other income and (expense), net (393) — — (368) (761) 655 (106) Segment loss $ (2,123) $ (7,497) $ (9,161) $ (1,193) $ (19,974) $ (95,202) $ (115,176) For the six months ended June 30, 2020 In thousands of U.S. dollars LR1 Handymax LR2 MR Reportable segments subtotal Corporate and eliminations Total Vessel revenue $ 56,855 $ 76,012 $ 250,169 $ 217,371 $ 600,407 $ — $ 600,407 Vessel operating costs (14,818) (24,904) (51,286) (70,213) (161,221) — (161,221) Voyage expenses (21) (296) (3,551) (3,257) (7,125) — (7,125) Depreciation - owned or sale and leaseback vessels (10,100) (10,625) (38,593) (35,625) (94,943) — (94,943) Depreciation - right of use assets for vessels — (7,595) (4,268) (14,943) (26,806) — (26,806) General and administrative expenses (573) (1,047) (1,881) (2,970) (6,471) (29,539) (36,010) Financial expenses — — — — — (83,892) (83,892) Financial income 92 9 2 280 383 477 860 Other expenses, net — — — — — (702) (702) Segment income or loss $ 31,435 $ 31,554 $ 150,592 $ 90,643 $ 304,224 $ (113,656) $ 190,568

Vessel revenue (Tables)

Vessel revenue (Tables)	6 Months Ended
	Jun. 30, 2021
Analysis of income and expense [abstract]
Revenue Sources	Revenue Sources For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Pool revenue $ 268,677 $ 588,480 Time charter revenue — — Voyage revenue (spot market) 4,930 11,927 $ 273,607 $ 600,407
Lease and non-lease components	Nevertheless, we have estimated these amounts by reference to (i) third party, published time charter rates for the lease component, and (ii) an approximation of the fair market value of vessel operating expenses for the non-lease component. For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Lease component of revenue from time charter-out and pool revenue $ 141,722 $ 384,906 Non-lease component of revenue from time charter-out and pool revenue 126,955 203,574 $ 268,677 $ 588,480

Crewing costs (Tables)

Crewing costs (Tables)	6 Months Ended
	Jun. 30, 2021
Analysis of income and expense [abstract]
Summary of Crew Expenses	The following table summarizes our crew expenses, including crew benefits, during the six months ended June 30, 2021 and 2020, respectively. For the six months ended June 30, In thousands of US dollars 2021 2020 Short-term crew benefits (i.e. wages, victualing, insurance) $ 85,799 $ 87,467 Other crew related costs 11,740 8,784 $ 97,539 $ 96,251

Financial expenses (Tables)

Financial expenses (Tables)	6 Months Ended
	Jun. 30, 2021
Analysis of income and expense [abstract]
Schedule of Financial Expenses	The following is a roll forward of the activity within debt (current and non-current), by facility, for the six months ended June 30, 2021: Activity Balance as of June 30, 2021 consists of: In thousands of U.S. dollars Carrying Value as of December 31, 2020 Drawdowns Repayments Other Activity (1) Carrying Value as of June 30, 2021 Current Non-Current KEXIM Credit Facility $ 15,932 $ — $ (15,932) $ — $ — $ — $ — ING Credit Facility 191,348 2,128 (161,090) — 32,386 16,354 16,032 2018 NIBC Credit Facility 31,066 — (31,066) — — — — Credit Agricole Credit Facility 80,676 — (4,283) 371 76,764 7,862 68,902 ABN AMRO / K-Sure Credit Facility 40,587 — (1,926) 344 39,005 3,190 35,815 Citibank / K-Sure Credit Facility 84,478 — (4,208) 871 81,141 81,141 — ABN / SEB Credit Facility 97,856 — (21,692) — 76,164 10,117 66,047 Hamburg Commercial Credit Facility 40,315 — (1,645) — 38,670 3,292 35,378 Prudential Credit Facility 50,378 — (2,773) — 47,605 5,546 42,059 2019 DNB / GIEK Credit Facility 52,563 — (3,556) — 49,007 7,113 41,894 BNPP Sinosure Credit Facility 94,733 1,915 (5,167) — 91,481 10,334 81,147 2020 $225 Million Credit Facility 208,890 — (10,501) — 198,389 21,001 177,388 2021 $21.0 Million Credit Facility — 21,000 (585) — 20,415 2,340 18,075 Ocean Yield Lease Financing 137,399 — (5,515) 90 131,974 11,213 120,761 BCFL Lease Financing (LR2s) 83,974 3,814 (5,228) 258 82,818 10,529 72,289 CSSC Lease Financing 136,949 — (5,464) (254) 131,231 11,418 119,813 CSSC Scrubber Lease Financing 4,443 — (1,960) — 2,483 2,352 131 BCFL Lease Financing (MRs) 77,748 5,779 (7,100) — 76,427 15,244 61,183 2018 CMBFL Lease Financing 124,993 — (6,504) — 118,489 13,007 105,482 $116.0 Million Lease Financing 103,801 1,926 (4,840) — 100,887 10,315 90,572 AVIC Lease Financing 119,732 — (6,663) — 113,069 13,327 99,742 China Huarong Lease Financing 110,250 10,000 (8,417) — 111,833 16,833 95,000 $157.5 Million Lease Financing 123,800 — (7,071) — 116,729 14,143 102,586 COSCO Lease Financing 68,750 — (3,850) — 64,900 7,700 57,200 2020 CMBFL Lease Financing 44,573 — (1,621) — 42,952 3,242 39,710 2020 TSFL Lease Financing 47,250 — (1,661) — 45,589 3,321 42,268 2020 SPDBFL Lease Financing 96,500 — (6,125) — 90,375 6,496 83,879 2021 AVIC Lease Financing — 96,352 (1,808) — 94,544 7,252 87,292 2021 CMBFL Lease Financing — 79,050 (1,225) — 77,825 6,520 71,305 2021 TSFL Lease Financing — 57,663 (1,096) — 56,567 4,380 52,187 2021 CSSC Lease Financing — 57,400 (877) — 56,523 5,262 51,261 IFRS 16 - Leases - 7 Handymax 2,247 — (1,879) (368) — — — IFRS 16 - Leases - 3 MR 36,936 — (3,765) — 33,171 7,895 25,276 $670.0 Million Lease Financing 593,291 — (23,030) — 570,261 47,130 523,131 Unsecured Senior Notes Due 2025 28,100 30,551 — 6 58,657 — 58,657 Convertible Notes Due 2022 140,713 — — (74,188) 66,525 66,525 — Convertible Notes Due 2025 — 119,419 — 76,844 196,263 — 196,263 $ 3,070,271 $ 486,997 $ (370,123) $ 3,974 $ 3,191,119 $ 452,394 $ 2,738,725 Less: deferred financing fees and prepaid interest (22,471) (8,800) — 1,102 (30,169) (6,667) (23,502) Total $ 3,047,800 $ 478,197 $ (370,123) $ 5,076 $ 3,160,950 $ 445,727 $ 2,715,223 (1) Relates to non-cash accretion or amortization of (i) debt or lease obligations assumed as part of the 2017 merger with Navig8 Product Tankers Inc. ("NPTI"), which were recorded at fair value on the closing dates, (ii) amortization and write-offs of deferred financing fees, (iii) accretion of our Convertible Notes due 2022 and Convertible Notes due 2025 of $2.9 million and $2.5 million, respectively, and (iv) the impact of the 2021 Convertible Notes Exchanges (described below) whereby the amounts in the above table reflect the carrying amounts of the debt portions of each of the Convertible Notes due 2022 and Convertible Notes due 2025 that were exchanged. The following table summarizes our financial expenses for the six months ended June 30, 2021 and 2020, respectively. For the six months ended June 30, In thousands of U.S. dollars 2021 2020 Interest expense on debt, net of capitalized interest (1) $ 57,888 $ 74,186 Write-off of deferred financing fees 1,326 313 Accretion of convertible notes 5,384 4,565 Amortization of deferred financing fees 3,689 3,086 Accretion of premiums and discounts on assumed debt 1,686 1,742 Total financial expenses $ 69,973 $ 83,892

Earnings _ (loss) per share (Ta

Earnings / (loss) per share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings per share [abstract]
Schedule of basic and diluted earnings / (loss) per share	The calculation of both basic and diluted earnings / (loss) per share is based on net income / (loss) attributable to equity holders of the parent and weighted average outstanding shares of: For the six months ended June 30, In thousands of U.S. dollars except for share data 2021 2020 Net income / (loss) attributable to equity holders of the parent - basic $ (115,176) $ 190,568 Convertible notes interest expense — 7,617 Net income / (loss) attributable to equity holders of the parent - diluted $ (115,176) $ 198,185 Basic weighted average number of shares 54,388,504 54,747,345 Effect of dilutive potential basic shares: Restricted stock — 1,778,355 Convertible notes — 5,275,395 — 7,053,750 Diluted weighted average number of shares 54,388,504 61,801,095 Earnings / (Loss) Per Share: Basic $ (2.12) $ 3.48 Diluted $ (2.12) $ 3.21

Financial instruments - finan_2

Financial instruments - financial and other risks (Tables)	6 Months Ended
	Jun. 30, 2021
Financial Instruments [Abstract]
Fair Values and Carrying Values of Financial Liabilities	Categories of Financial Instruments As of June 30, 2021 As of December 31, 2020 Amounts in thousands of U.S. dollars Fair value Carrying Value Fair value Carrying Value Financial assets Cash and cash equivalents (1) $ 282,229 $ 282,229 $ 187,511 $ 187,511 Restricted cash (2) 5,293 5,293 5,293 5,293 Loans and receivables (3) 31,730 31,730 33,017 33,017 Investment in ballast water treatment supplier (4) 1,751 1,751 1,751 1,751 Working capital contributions to Scorpio Pools (5) 73,161 73,161 73,161 73,161 Sellers credit on sale leaseback vessels (6) 10,488 10,488 10,192 10,192 Financial liabilities Accounts payable (7) $ 12,302 $ 12,302 $ 12,863 $ 12,863 Accrued expenses (7) 23,699 23,699 32,193 32,193 Secured bank loans (8) 741,734 741,734 976,505 976,505 Sale and leaseback liability (9) 1,514,110 1,500,497 1,290,390 1,271,449 IFRS 16 - Lease liability (10) 603,905 602,793 634,707 632,473 Unsecured Senior Notes Due 2025 (11) 58,781 58,757 28,774 28,100 Convertible Notes due 2022 (12) 69,678 69,695 145,647 151,229 Convertible Notes due 2025 (12) 210,857 202,930 — — (1) Cash and cash equivalents are considered Level 1 items as they represent liquid assets with short-term maturities. (2) Restricted cash are considered Level 1 items due to the liquid nature of these assets. (3) We consider that the carrying amount of accounts receivable approximate their fair value due to the relative short maturity of these instruments. (4) We consider the value of our minority interest in our BWTS supplier (as described in Note 6) to be a Level 3 fair value measurement, as this supplier is a private company and the value has been determined based on unobservable market data (i.e. the proceeds that we would receive if we exercised the put option set forth in the agreement in full). Moreover, we consider that its carrying value approximates fair value given that the value of this investment is contractually limited to the strike prices set forth in the put option that was granted to us and the call option that was granted to the supplier. The difference in the aggregate value of the investment, based on the spread between the exercise prices of the put and call options, is $0.6 million. (5) Non-current working capital contributions to the Scorpio Pools are repaid, without interest, upon a vessel’s exit from the pool. For all owned vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within Other Assets on the unaudited condensed consolidated balance sheets. We consider that their carrying values approximate fair value given that the amounts due are contractually fixed based on the terms of each pool agreement. (6) The seller's credit on sale and leaseback vessels represents the present value of the deposits of $4.35 million per vessel ($13.1 million in aggregate) that was retained by the buyer as part of the April 2017 sale and operating leasebacks of STI Beryl , STI Le Rocher and STI Larvotto , which is described in Note 6. This deposit will either be applied to the purchase price of the vessel if a purchase option is exercised or refunded to us at the expiration of the agreement. This deposit has been recorded as a financial asset measured at amortized cost. The present value of this deposit has been calculated based on the interest rate that is implied in the leases, and the carrying value will accrete over the life of the lease using the effective interest method, through interest income, until expiration. We consider that its carrying value approximates fair value given that its value is contractually fixed based on the terms of each lease. (7) We consider that the carrying amounts of accounts payable and accrued expenses approximate fair value due to the relative short maturity of these amounts. (8) The carrying value of our secured bank loans are measured at amortized cost using the effective interest method. We consider that their carrying value approximates fair value because (i) the interest rates on these instruments change with, or approximate, market interest rates and (ii) the credit risk of the Company has remained stable. Accordingly, we consider their fair value to be a Level 2 measurement. These amounts are shown net of $9.3 million and $12.3 million of unamortized deferred financing fees as of June 30, 2021 and December 31, 2020, respectively. (9) The carrying value of our obligations due under sale and leaseback arrangements are measured at amortized cost using the effective interest method. We consider that their carrying value approximates fair value because (i) the interest rates on these instruments change with, or approximate, market interest rates and (ii) the credit risk of the Company has remained stable. These amounts are shown net of $11.5 million and $8.7 million of unamortized deferred financing fees as of June 30, 2021 and December 31, 2020, respectively. (10) The carrying values of our lease liabilities accounted for under IFRS 16 - Leases are measured at the present value of the minimum lease payments over the lease term, discounted at our incremental borrowing rate. We consider that the carrying value of leases with variable payments approximates fair value because the interest rates on these instruments change with, or approximate, market interest rates. The fair value of leases with fixed payments are measured at the net discounted value of the remaining minimum lease payments using the Company's incremental borrowing rate at June 30, 2021 and December 31, 2020. Accordingly, we consider their fair value to be a Level 2 measurement. (11) The carrying value of our Senior Notes due 2025 shown in the table above is their face value. The Senior Notes due 2025 are shown net of $2.1 million of deferred financing fees and $0.1 of unamortized discount on our consolidated balance sheet as of June 30, 2021. The Senior Notes due 2025 are shown net of $1.4 million of deferred financing fees on our consolidated balance sheet as of December 31, 2020. Our Senior Notes due 2025 are quoted on the New York Stock Exchange under the symbol 'SBBA'. We consider their fair value to be a Level 1 measurement due to their quotation on an active exchange.

General information and signi_3

General information and significant accounting policies - Narrative (Details) $ in Thousands	Jun. 30, 2021USD ($)vesseltanker
Disclosure of detailed information about property, plant and equipment [line items]
Borrowings | $	$ 458,600
Vessels | Second quarter 2022 | Senior Secured Term Loan Facility - Citibank / K-Sure Credit Facility
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels under finance lease arrangements | tanker	3
Borrowings | $	$ 57,600
Property, plant and equipment not subject to operating leases | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	131
Handymax | Property, plant and equipment not subject to operating leases | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	14
MR | Property, plant and equipment not subject to operating leases | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	63
LR1 | Property, plant and equipment not subject to operating leases | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	12
LR2 | Property, plant and equipment not subject to operating leases | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	42

Accounts receivable - Summary o

Accounts receivable - Summary of Accounts Receivable (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)tanker
Disclosure of transactions between related parties [line items]
Freight and time charter receivables	$ 2,846	$ 0
Insurance receivables	405	5,259
Other receivables	661	1,061
Accounts receivable	$ 31,730	33,017
Expected time period of collections of receivables	1 year
Other related parties
Disclosure of transactions between related parties [line items]
Related party receivables	$ 27,818	26,697
Other related parties | Scorpio MR Pool Limited
Disclosure of transactions between related parties [line items]
Related party receivables	13,866	9,751
Other related parties | Scorpio LR2 Pool Limited
Disclosure of transactions between related parties [line items]
Related party receivables	8,819	10,698
Other related parties | Scorpio LR1 Pool Limited
Disclosure of transactions between related parties [line items]
Related party receivables	3,477	2,367
Other related parties | Scorpio Handymax Tanker Pool Limited
Disclosure of transactions between related parties [line items]
Related party receivables	1,656	3,597
Other related parties | Scorpio Commercial Management S.A.M.
Disclosure of transactions between related parties [line items]
Related party receivables	0	284
Other related parties | Scorpio Pools
Disclosure of transactions between related parties [line items]
Related party receivables	$ 27,818	26,413
Working capital contributions, related parties		$ 1,100
Number of bareboat chartered-in vessels | tanker		4

Prepaid expenses and other as_3

Prepaid expenses and other assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Prepaid vessel operating expenses - third parties	$ 2,028	$ 1,757
Prepaid insurance	1,762	574
Prepaid interest	0	4,035
Other prepaid expenses	2,125	2,089
Current prepayments and other current assets	10,450	12,430
Scorpio Ship Management S.A.M. (SSM) | Other related parties
Disclosure of transactions between related parties [line items]
SSM - prepaid vessel operating expense	$ 4,535	$ 3,975

Vessels and drydock - Operating

Vessels and drydock - Operating vessels and drydock rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	$ 4,002,888
Fully depreciated assets	(17,095)
Fully depreciated assets	(17,095)
Property, plant and equipment	3,925,151
Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	4,905,976
Additions	20,269
Fully depreciated assets	(16,396)
Property, plant and equipment	4,909,849
Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(903,088)
Charge for the period	(98,006)
Fully depreciated assets	(16,396)
Property, plant and equipment	(984,698)
Vessels
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	3,924,147
Fully depreciated assets	(17,095)
Fully depreciated assets	(17,095)
Property, plant and equipment	3,845,295
Vessels | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	4,773,502
Additions	5,871
Fully depreciated assets	0
Property, plant and equipment	4,779,373
Vessels | Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(849,355)
Charge for the period	(84,723)
Fully depreciated assets	0
Property, plant and equipment	(934,078)
Drydock
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	78,741
Fully depreciated assets	0
Fully depreciated assets	0
Property, plant and equipment	79,856
Drydock | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	132,474
Additions	14,398
Fully depreciated assets	(16,396)
Property, plant and equipment	130,476
Drydock | Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(53,733)
Charge for the period	(13,283)
Fully depreciated assets	(16,396)
Property, plant and equipment	$ (50,620)

Vessels and drydock - Summary o

Vessels and drydock - Summary of cost capitalized during the period (Details) - Capitalized cost $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Drydock
Disclosure of detailed information about property, plant and equipment [line items]
Drydock	$ 14,248
Notional component of scrubber	150
Total drydock additions	14,398
Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber	3,394
BWTS	72
Other equipment	2,405
Capitalized interest	0
Total vessel additions	5,871
Handymax | Drydock
Disclosure of detailed information about property, plant and equipment [line items]
Drydock	774
Notional component of scrubber	0
Total drydock additions	774
Handymax | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber	0
BWTS	(107)
Other equipment	3
Capitalized interest	0
Total vessel additions	(104)
MR | Drydock
Disclosure of detailed information about property, plant and equipment [line items]
Drydock	(261)
Notional component of scrubber	0
Total drydock additions	(261)
MR | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber	143
BWTS	197
Other equipment	637
Capitalized interest	0
Total vessel additions	977
LR1 | Drydock
Disclosure of detailed information about property, plant and equipment [line items]
Drydock	6,205
Notional component of scrubber	0
Total drydock additions	6,205
LR1 | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber	42
BWTS	0
Other equipment	156
Capitalized interest	0
Total vessel additions	198
LR2 | Drydock
Disclosure of detailed information about property, plant and equipment [line items]
Drydock	7,530
Notional component of scrubber	150
Total drydock additions	7,680
LR2 | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber	3,209
BWTS	(18)
Other equipment	1,609
Capitalized interest	0
Total vessel additions	$ 4,800

Vessels and drydock - Expected

Vessels and drydock - Expected future purchase commitment payments (Details) - Ballast Water Treatment Systems and Scrubbers $ in Thousands	Jun. 30, 2021USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	$ 27,670
Less than 1 month
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	0
1-3 months
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	7,371
3 months to 1 year
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	8,216
1 - 5 years
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	12,083
5+ years
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	$ 0

Vessels and drydock - Narrative

Vessels and drydock - Narrative (Details) $ in Millions	1 Months Ended	3 Months Ended	4 Months Ended	6 Months Ended	14 Months Ended
	Jul. 31, 2018USD ($)equipment	Sep. 30, 2019USD ($)tanker	Nov. 30, 2018USD ($)tanker	Jun. 30, 2021USD ($)vesseltanker	Sep. 30, 2019USD ($)tanker	Feb. 28, 2021tanker	Dec. 31, 2020	Apr. 30, 2020tanker	Jun. 30, 2019tanker
Maximum
Disclosure of detailed information about property, plant and equipment [line items]
Number of scrubbers						19
Percentage of equipment cost estimated to require replacement value of vessel				10.00%
Growth rate in freight rates				2.34%
Discount rate applied to cash flow projections				7.16%			7.24%
Average age of vessel				5 years 6 months
Number of vessels with fair value more than carrying value				15
Number of vessels with fair value less than carrying value				113
Number of right-of-use vessels not required to have valuations from third party brokers | vessel				3
Percentage increase in discount rate used in sensitivity analysis				1.00%
Sensitivity analysis, number of vessels impaired, increase in discount rate | vessel				0
Decrease in forecasted time charter rates				5.00%
Aggregate loss | $				$ 2.6
LR1
Disclosure of detailed information about property, plant and equipment [line items]
Sensitivity analysis, number of impaired vessels, decrease in time charter rate | vessel				5
Purchase and installation of scrubbers | Minimum
Disclosure of detailed information about property, plant and equipment [line items]
Number of scrubbers						11
Purchase and installation of scrubbers
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels			77	79		19
Exhaust Gas cleaning System
Disclosure of detailed information about property, plant and equipment [line items]
Total consideration to acquire property, plant, and equipment | $			$ 116.1		$ 146.6
Number of agreements			2
Exhaust Gas cleaning System | Option exercised
Disclosure of detailed information about property, plant and equipment [line items]
Total consideration to acquire property, plant, and equipment | $		$ 30.3
Number of vessels		7			7				14
Ballast Water Treatment Systems
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels with BWTS	55			50
Total consideration to acquire property, plant, and equipment | $	$ 36.2
Postpone purchase and installation of scrubbers
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels								19
Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of scrubbers		98			98
Vessels | Property, plant and equipment not subject to operating leases
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels | vessel				131
Vessels | Property, plant and equipment not subject to operating leases | LR1
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels | vessel				12

Right of use assets and relat_3

Right of use assets and related lease liabilities - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)vessel	Jun. 30, 2020USD ($)
Disclosure of quantitative information about right-of-use assets [line items]
Income from subleasing right-of-use assets | $	$ 46,300	$ 109,300
Minimum lease payments | $	$ 734,083
Bareboat charter agreements variable rate
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels	19
Bareboat charger agreements fixed rate
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels	7
Leases 2 Handymax IFRS 16 | Handymax | Bareboat charter agreements fixed rate
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels	4

Right of use assets and relat_4

Right of use assets and related lease liabilities - Activity of the Right of use assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cost
Beginning balance, as of January 1, 2021	$ 877,252
Other	(349)
Fully depreciated assets	(17,095)
Ending balance, as of June 30, 2021	859,808
Accumulated depreciation and impairment
Beginning balance, as of January 1, 2021	(70,073)
Charge for the period	(22,041)	$ (26,806)
Other	(19)
Fully depreciated assets	17,095
Ending balance, as of June 30, 2021	(75,038)
Net book value	784,770		$ 807,179
Vessels
Cost
Beginning balance, as of January 1, 2021	853,690
Other	(349)
Fully depreciated assets	(17,095)
Ending balance, as of June 30, 2021	836,246
Accumulated depreciation and impairment
Beginning balance, as of January 1, 2021	(63,636)
Charge for the period	(19,569)
Other	(19)
Fully depreciated assets	17,095
Ending balance, as of June 30, 2021	(66,129)
Net book value	770,117		790,054
Drydock
Cost
Beginning balance, as of January 1, 2021	23,562
Other	0
Fully depreciated assets	0
Ending balance, as of June 30, 2021	23,562
Accumulated depreciation and impairment
Beginning balance, as of January 1, 2021	(6,437)
Charge for the period	(2,472)
Other	0
Fully depreciated assets	0
Ending balance, as of June 30, 2021	(8,909)
Net book value	$ 14,653		$ 17,125

Right of use assets and relat_5

Right of use assets and related lease liabilities -Summary of payments related to lease liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Disclosure of quantitative information about right-of-use assets [line items]
Interest expense recognized in the unaudited condensed consolidated statements of income or loss	$ 12,096	$ 15,631
Principal repayments on IFRS 16 lease liabilities	28,674	41,668
Net decrease / (increase) in accrued interest expense	39	(153)
Net (decrease) in prepaid interest expense	(45)	(335)
Lease payments	$ 40,764	$ 56,811

Right of use assets and relat_6

Right of use assets and related lease liabilities - Future minimum lease payments (Details) $ in Thousands	Jun. 30, 2021USD ($)
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable	$ 734,083
Discounting effect	(130,651)
Prepaid interest expense	(639)
Less than 1 year
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable	77,497
1 - 5 years
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable	284,151
5+ years
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable	$ 372,435

Other assets (Details)

Other assets (Details) $ in Thousands	1 Months Ended	4 Months Ended	6 Months Ended		14 Months Ended
	Jul. 31, 2018USD ($)equipment	Nov. 30, 2018USD ($)	Jun. 30, 2021USD ($)tanker	Jun. 30, 2020USD ($)	Sep. 30, 2019USD ($)tankersupplier	Dec. 31, 2020USD ($)	Apr. 30, 2017USD ($)
Disclosure Of Other Assets [Line Items]
Sale leaseback transaction, aggregate amount			$ 10,488			$ 10,192
Capitalized loan fees			1,503			1,424
Other assets			97,445			92,145
Number of suppliers | supplier					2
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities	$ 1,800
Exhaust Gas cleaning System
Disclosure Of Other Assets [Line Items]
Deposits on property, plant and equipment			10,542			5,617
Payments to acquire property, plant, and equipment		$ 116,100			$ 146,600
Vessels
Disclosure Of Other Assets [Line Items]
Number of scrubbers | tanker					98
Accretion of lease financed vessels			$ 300	$ 300
Ballast Water Treatment Systems
Disclosure Of Other Assets [Line Items]
Payments to acquire property, plant, and equipment	$ 36,200
Number of equipment	55		50
Ballast Water Treatment Systems | Third Party Supplier
Disclosure Of Other Assets [Line Items]
Investment in ballast water treatment system supplier			$ 1,751			1,751
STI Beryl, STI Le Rocher, STI Larvotto | Vessels
Disclosure Of Other Assets [Line Items]
Sale leaseback transaction, aggregate amount			13,100				$ 13,100
Sale leaseback transaction, deposit per vessel			4,350				$ 4,350
Other related parties | Scorpio LR2 Pool Limited
Disclosure Of Other Assets [Line Items]
Non-current receivables due from related parties			35,700			35,700
Other related parties | Scorpio MR Tanker Pool Limited
Disclosure Of Other Assets [Line Items]
Non-current receivables due from related parties			25,200			25,200
Other related parties | Scorpio Handymax Tanker Pool Limited
Disclosure Of Other Assets [Line Items]
Non-current receivables due from related parties			5,661			5,661
Other related parties | Scorpio LR1 Pool Limited
Disclosure Of Other Assets [Line Items]
Non-current receivables due from related parties			6,600			6,600
Other related parties | Scorpio Pools
Disclosure Of Other Assets [Line Items]
Non-current receivables due from related parties			$ 73,161			$ 73,161

Accounts payable (Details)

Accounts payable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Accounts Payable
Suppliers	$ 9,356,000	$ 10,887,000
Accounts payable	$ 12,302,000	12,863,000
Accounts payable settlement days	90 days
Interest charged on accounts payable	$ 0
Other related parties
Accounts Payable
Related party payables	2,946,000	1,976,000
Other related parties | Scorpio Ship Management S.A.M. (SSM)
Accounts Payable
Related party payables	2,086,000	902,000
Other related parties | Scorpio Services Holding Limited (SSH)
Accounts Payable
Related party payables	427,000	404,000
Other related parties | Scorpio MR Pool Limited
Accounts Payable
Related party payables	246,000	230,000
Other related parties | Amounts due to a related party port agent
Accounts Payable
Related party payables	96,000	42,000
Other related parties | Scorpio LR1 Pool Limited
Accounts Payable
Related party payables	33,000	0
Other related parties | Scorpio Handymax Tanker Pool Limited
Accounts Payable
Related party payables	24,000	2,000
Other related parties | Scorpio Commercial Management S.A.M.
Accounts Payable
Related party payables	22,000	58,000
Other related parties | Scorpio LR2 Pool Limited
Accounts Payable
Related party payables	$ 12,000	$ 338,000

Accrued expenses (Details)

Accrued expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [line items]
Suppliers	$ 13,417	$ 15,938
Accrued interest	4,492	4,282
Accrued short-term employee benefits	3,408	11,231
Other accrued expenses	1,893	21
Accrued expenses	23,699	32,193
Other related parties
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	489	721
Other related parties | Amounts due to a related party port agent
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	392	313
Other related parties | Scorpio MR Pool Limited
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	25	375
Other related parties | Scorpio Commercial Management S.A.M.
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	18	0
Other related parties | Scorpio Ship Management S.A.M. (SSM)
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	51	33
Other related parties | Scorpio Handymax Tanker Pool Limited
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	2	0
Other related parties | Scorpio LR1 Pool Limited
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	$ 1	$ 0

Current and long-term debt - Sc

Current and long-term debt - Schedule of debt rollforward by facility (Details) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Drawdowns			$ 367,578	$ 318,194
Repayments			(341,449)	(381,657)
Carrying Value as of June 30, 2021	$ 458,600		458,600
Non-Current	824,401		824,401		$ 971,172
2020 $225 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of June 30, 2021				$ 225,000
2021 $21.0 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020		$ 21,000
Carrying Value as of June 30, 2021	21,000		21,000
2021 $21.0 Million Credit Facility | KEXIM Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020		21,000
$116.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of June 30, 2021	116,000		116,000
$116.0 Million Lease Financing | KEXIM Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020		116,000
$157.5 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of June 30, 2021	157,500		157,500
$670.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of June 30, 2021	670,000		670,000
Convertible Notes Due 2022
Disclosure of detailed information about borrowings [line items]
Repayments	(19,400)	(62,100)
Carrying Value as of June 30, 2021	66,500		66,500
Borrowings, noncash accretion and amortization			2,900
Convertible Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Drawdowns	19,400	$ 62,100
Carrying Value as of June 30, 2021	196,300		196,300
Borrowings, noncash accretion and amortization			2,500
Gross carrying amount
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			3,070,271
Drawdowns			486,997
Repayments			(370,123)
Other Activity			3,974
Carrying Value as of June 30, 2021	3,191,119		3,191,119
Current	452,394		452,394
Non-Current	2,738,725		2,738,725
Gross carrying amount | KEXIM Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			15,932
Drawdowns			0
Repayments			(15,932)
Other Activity			0
Carrying Value as of June 30, 2021	0		0
Current	0		0
Non-Current	0		0
Gross carrying amount | ING Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			191,348
Drawdowns			2,128
Repayments			(161,090)
Other Activity			0
Carrying Value as of June 30, 2021	32,386		32,386
Current	16,354		16,354
Non-Current	16,032		16,032
Gross carrying amount | 2018 NIBC Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			31,066
Drawdowns			0
Repayments			(31,066)
Other Activity			0
Carrying Value as of June 30, 2021	0		0
Current	0		0
Non-Current	0		0
Gross carrying amount | Credit Agricole Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			80,676
Drawdowns			0
Repayments			(4,283)
Other Activity			371
Carrying Value as of June 30, 2021	76,764		76,764
Current	7,862		7,862
Non-Current	68,902		68,902
Gross carrying amount | ABN AMRO / K-Sure Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			40,587
Drawdowns			0
Repayments			(1,926)
Other Activity			344
Carrying Value as of June 30, 2021	39,005		39,005
Current	3,190		3,190
Non-Current	35,815		35,815
Gross carrying amount | Citibank / K-Sure Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			84,478
Drawdowns			0
Repayments			(4,208)
Other Activity			871
Carrying Value as of June 30, 2021	81,141		81,141
Current	81,141		81,141
Non-Current	0		0
Gross carrying amount | ABN / SEB Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			97,856
Drawdowns			0
Repayments			(21,692)
Other Activity			0
Carrying Value as of June 30, 2021	76,164		76,164
Current	10,117		10,117
Non-Current	66,047		66,047
Gross carrying amount | Hamburg Commercial Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			40,315
Drawdowns			0
Repayments			(1,645)
Other Activity			0
Carrying Value as of June 30, 2021	38,670		38,670
Current	3,292		3,292
Non-Current	35,378		35,378
Gross carrying amount | Prudential Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			50,378
Drawdowns			0
Repayments			(2,773)
Other Activity			0
Carrying Value as of June 30, 2021	47,605		47,605
Current	5,546		5,546
Non-Current	42,059		42,059
Gross carrying amount | 2019 DNB / GIEK Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			52,563
Drawdowns			0
Repayments			(3,556)
Other Activity			0
Carrying Value as of June 30, 2021	49,007		49,007
Current	7,113		7,113
Non-Current	41,894		41,894
Gross carrying amount | BNPP Sinosure Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			94,733
Drawdowns			1,915
Repayments			(5,167)
Other Activity			0
Carrying Value as of June 30, 2021	91,481		91,481
Current	10,334		10,334
Non-Current	81,147		81,147
Gross carrying amount | 2020 $225 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			208,890
Drawdowns			0
Repayments			(10,501)
Other Activity			0
Carrying Value as of June 30, 2021	198,389		198,389
Current	21,001		21,001
Non-Current	177,388		177,388
Gross carrying amount | 2021 $21.0 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			0
Drawdowns			21,000
Repayments			(585)
Other Activity			0
Carrying Value as of June 30, 2021	20,415		20,415
Current	2,340		2,340
Non-Current	18,075		18,075
Gross carrying amount | Ocean Yield Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			137,399
Drawdowns			0
Repayments			(5,515)
Other Activity			90
Carrying Value as of June 30, 2021	131,974		131,974
Current	11,213		11,213
Non-Current	120,761		120,761
Gross carrying amount | BCFL Lease Financing (LR2s)
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			83,974
Drawdowns			3,814
Repayments			(5,228)
Other Activity			258
Carrying Value as of June 30, 2021	82,818		82,818
Current	10,529		10,529
Non-Current	72,289		72,289
Gross carrying amount | CSSC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			136,949
Drawdowns			0
Repayments			(5,464)
Other Activity			(254)
Carrying Value as of June 30, 2021	131,231		131,231
Current	11,418		11,418
Non-Current	119,813		119,813
Gross carrying amount | CSSC Scrubber Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			4,443
Drawdowns			0
Repayments			(1,960)
Other Activity			0
Carrying Value as of June 30, 2021	2,483		2,483
Current	2,352		2,352
Non-Current	131		131
Gross carrying amount | BCFL Lease Financing (MRs)
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			77,748
Drawdowns			5,779
Repayments			(7,100)
Other Activity			0
Carrying Value as of June 30, 2021	76,427		76,427
Current	15,244		15,244
Non-Current	61,183		61,183
Gross carrying amount | 2018 CMBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			124,993
Drawdowns			0
Repayments			(6,504)
Other Activity			0
Carrying Value as of June 30, 2021	118,489		118,489
Current	13,007		13,007
Non-Current	105,482		105,482
Gross carrying amount | $116.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			103,801
Drawdowns			1,926
Repayments			(4,840)
Other Activity			0
Carrying Value as of June 30, 2021	100,887		100,887
Current	10,315		10,315
Non-Current	90,572		90,572
Gross carrying amount | AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			119,732
Drawdowns			0
Repayments			(6,663)
Other Activity			0
Carrying Value as of June 30, 2021	113,069		113,069
Current	13,327		13,327
Non-Current	99,742		99,742
Gross carrying amount | China Huarong Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			110,250
Drawdowns			10,000
Repayments			(8,417)
Other Activity			0
Carrying Value as of June 30, 2021	111,833		111,833
Current	16,833		16,833
Non-Current	95,000		95,000
Gross carrying amount | $157.5 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			123,800
Drawdowns			0
Repayments			(7,071)
Other Activity			0
Carrying Value as of June 30, 2021	116,729		116,729
Current	14,143		14,143
Non-Current	102,586		102,586
Gross carrying amount | COSCO Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			68,750
Drawdowns			0
Repayments			(3,850)
Other Activity			0
Carrying Value as of June 30, 2021	64,900		64,900
Current	7,700		7,700
Non-Current	57,200		57,200
Gross carrying amount | 2020 CMBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			44,573
Drawdowns			0
Repayments			(1,621)
Other Activity			0
Carrying Value as of June 30, 2021	42,952		42,952
Current	3,242		3,242
Non-Current	39,710		39,710
Gross carrying amount | 2020 TSFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			47,250
Drawdowns			0
Repayments			(1,661)
Other Activity			0
Carrying Value as of June 30, 2021	45,589		45,589
Current	3,321		3,321
Non-Current	42,268		42,268
Gross carrying amount | 2020 SPDBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			96,500
Drawdowns			0
Repayments			(6,125)
Other Activity			0
Carrying Value as of June 30, 2021	90,375		90,375
Current	6,496		6,496
Non-Current	83,879		83,879
Gross carrying amount | 2021 AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			0
Drawdowns			96,352
Repayments			(1,808)
Other Activity			0
Carrying Value as of June 30, 2021	94,544		94,544
Current	7,252		7,252
Non-Current	87,292		87,292
Gross carrying amount | 2021 CMBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			0
Drawdowns			79,050
Repayments			(1,225)
Other Activity			0
Carrying Value as of June 30, 2021	77,825		77,825
Current	6,520		6,520
Non-Current	71,305		71,305
Gross carrying amount | 2021 TSFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			0
Drawdowns			57,663
Repayments			(1,096)
Other Activity			0
Carrying Value as of June 30, 2021	56,567		56,567
Current	4,380		4,380
Non-Current	52,187		52,187
Gross carrying amount | 2021 CSSC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			0
Drawdowns			57,400
Repayments			(877)
Other Activity			0
Carrying Value as of June 30, 2021	56,523		56,523
Current	5,262		5,262
Non-Current	51,261		51,261
Gross carrying amount | IFRS 16 - Leases - 7 Handymax
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			2,247
Drawdowns			0
Repayments			(1,879)
Other Activity			(368)
Carrying Value as of June 30, 2021	0		0
Current	0		0
Non-Current	0		0
Gross carrying amount | IFRS 16 - Leases - 3 MR
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			36,936
Drawdowns			0
Repayments			(3,765)
Other Activity			0
Carrying Value as of June 30, 2021	33,171		33,171
Current	7,895		7,895
Non-Current	25,276		25,276
Gross carrying amount | $670.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			593,291
Drawdowns			0
Repayments			(23,030)
Other Activity			0
Carrying Value as of June 30, 2021	570,261		570,261
Current	47,130		47,130
Non-Current	523,131		523,131
Gross carrying amount | Unsecured Senior Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			28,100
Drawdowns			30,551
Repayments			0
Other Activity			6
Carrying Value as of June 30, 2021	58,657		58,657
Current	0		0
Non-Current	58,657		58,657
Gross carrying amount | Convertible Notes Due 2022
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			140,713
Drawdowns			0
Repayments			0
Other Activity			(74,188)
Carrying Value as of June 30, 2021	66,525		66,525
Current	66,525		66,525
Non-Current	0		0
Gross carrying amount | Convertible Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			0
Drawdowns			119,419
Repayments			0
Other Activity			76,844
Carrying Value as of June 30, 2021	196,263		196,263
Current	0		0
Non-Current	196,263		196,263
Deferred financing fees
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			22,471
Drawdowns			8,800
Repayments			0
Other Activity			(1,102)
Carrying Value as of June 30, 2021	30,169		30,169
Current	6,667		6,667
Non-Current	23,502		23,502
Net carrying amount
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2020			3,047,800
Drawdowns			478,197
Repayments			(370,123)
Other Activity			5,076
Carrying Value as of June 30, 2021	3,160,950		3,160,950
Current	445,727		445,727
Non-Current	$ 2,715,223		$ 2,715,223

Current and long-term debt - Dr

Current and long-term debt - Drawdowns from existing facilities (Details) $ in Thousands	1 Months Ended		6 Months Ended
	Mar. 31, 2021USD ($)	Jan. 31, 2021USD ($)tanker	Jun. 30, 2021USD ($)	Feb. 28, 2021USD ($)
Disclosure of detailed information about borrowings [line items]
Borrowings			$ 458,600
BNPP Sinosure Credit Facility
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 1,900
BNPP Sinosure Credit Facility | Ten semi annual payments
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount increase	100
Periodic borrowing payment, amount	$ 5,200
BNPP Sinosure Credit Facility | Sinosure facility | London Interbank Offered Rate (LIBOR)
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis	1.80%
BNPP Sinosure Credit Facility | Commercial facility | London Interbank Offered Rate (LIBOR)
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis	2.80%
China Huarong Scrubber Financing
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount per vessel		$ 200
China Huarong Scrubber Financing | Purchase and installation of scrubbers
Disclosure of detailed information about borrowings [line items]
Borrowings		$ 10,000
China Huarong Scrubber Financing | Purchase and installation of scrubbers | Vessels
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | tanker		5
China Huarong Scrubber Financing | London Interbank Offered Rate (LIBOR) | Purchase and installation of scrubbers
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis		3.50%
ING Credit Facility
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount per vessel		$ 200
ING Credit Facility | Purchase and installation of scrubbers
Disclosure of detailed information about borrowings [line items]
Borrowings		$ 2,100
ING Credit Facility | Purchase and installation of scrubbers | Vessels
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | tanker		2
ING Credit Facility | London Interbank Offered Rate (LIBOR) | Purchase and installation of scrubbers
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis		1.95%
BCFL Lease Financing | Bottom of range
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount per vessel		$ 50
BCFL Lease Financing | Top of range
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount per vessel		60
BCFL Lease Financing | Purchase and installation of scrubbers
Disclosure of detailed information about borrowings [line items]
Borrowings		$ 11,400
BCFL Lease Financing | Purchase and installation of scrubbers | Vessels
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | tanker		6
BCFL Lease Financing (LR2s) | Purchase and installation of scrubbers
Disclosure of detailed information about borrowings [line items]
Borrowings		$ 3,800
BCFL Lease Financing (MR) | Purchase and installation of scrubbers
Disclosure of detailed information about borrowings [line items]
Borrowings		5,800
$116.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Borrowings			116,000
$116.0 Million Lease Financing | KEXIM Credit Facility
Disclosure of detailed information about borrowings [line items]
Borrowings				$ 116,000
$116.0 Million Lease Financing | Purchase and installation of scrubbers
Disclosure of detailed information about borrowings [line items]
Borrowings		$ 1,900
Convertible Notes Due 2022
Disclosure of detailed information about borrowings [line items]
Borrowings			66,500
Borrowings, noncash accretion and amortization			2,900
Convertible Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Borrowings			196,300
Borrowings, noncash accretion and amortization			$ 2,500

Current and long-term debt - 20

Current and long-term debt - 2021 $21.0 million Credit Facilitt (Details) - USD ($)	1 Months Ended
	Feb. 28, 2021	Jun. 30, 2021	Mar. 31, 2021
Disclosure of detailed information about borrowings [line items]
Borrowings		$ 458,600,000
2021 $21.0 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 21,000,000	$ 21,000,000
Periodic borrowing payment, amount	$ 600,000
Ratio of net debt to total capitalization (greater than)	60.00%
Tangible net worth (no less than)	$ 1,000,000,000
Percent of consolidated net income for each fiscal quarter	25.00%
Percent of new equity offerings	50.00%
Minimum liquidity (not less than)	$ 25,000,000
Minimum liquidity per owned vessel	500,000
Minimum liquidity per each time chartered-in vessel	$ 250,000
Minimum aggregate fair market value of vessels provided for collateral	140.00%
2021 $21.0 Million Credit Facility | London Interbank Offered Rate (LIBOR)
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis	2.65%
2021 $21.0 Million Credit Facility | KEXIM Credit Facility
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 21,000,000
Repayments of non-current borrowings	$ 15,900,000
2021 CMBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Ratio of net debt to total capitalization (greater than)			60.00%
Tangible net worth (no less than)			$ 1,000,000,000
Percent of consolidated net income for each fiscal quarter			25.00%
Percent of new equity offerings			50.00%
Minimum liquidity (not less than)			$ 25,000,000
Minimum liquidity per owned vessel			500,000
Minimum liquidity per each time chartered-in vessel			$ 250,000
Minimum aggregate fair market value of vessels provided for collateral			120.00%

Current and long-term debt - _2

Current and long-term debt - 2021 AVIC Lease Financing (Details) - 2021 AVIC Lease Financing	1 Months Ended		2 Months Ended
	Mar. 31, 2021USD ($)vessel	Feb. 28, 2021USD ($)vessel	Mar. 31, 2021USD ($)vessel
Disclosure of detailed information about borrowings [line items]
Borrowings, bareboat charter term			9 years
Periodic borrowing payment, amount			$ 1,800,000
Deposit as a percent of borrowing amount	$ 0.01		0.01
Aggregate amount of deposit	$ 1,000,000		$ 1,000,000
Net debt to capitalization ratio			70.00%
Consolidated tangible net worth			$ 650,000,000
Minimum percentage, fair market value of collateral on or before the third anniversary of delivery	115.00%		115.00%
Minimum percentage, fair market value of vessels provided as collateral after third anniversary of delivery	120.00%		120.00%
NIBC Credit Facility
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings		$ 30,000,000
ING Credit Facility
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	$ 29,600,000
London Interbank Offered Rate (LIBOR)
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis	3.45%		3.45%
Vessels | STI Memphis and STI Soho
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | vessel		2
Aggregate proceeds		$ 44,200,000
Vessels | STI Lombard and STI Osceola
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | vessel	2		2
Aggregate proceeds	$ 53,100,000

Current and long-term debt - _3

Current and long-term debt - 2021 CMBFL Lease Financing (Details) - 2021 CMBFL Lease Financing	1 Months Ended
	Apr. 30, 2021USD ($)	Mar. 31, 2021USD ($)vesselRate
Disclosure of detailed information about borrowings [line items]
Borrowings, bareboat charter term		7 years
Ratio of net debt to total capitalization (greater than) | Rate		60.00%
Tangible net worth (no less than)		$ 1,000,000,000
Percent of consolidated net income for each fiscal quarter		25.00%
Percent of new equity offerings		50.00%
Minimum liquidity (not less than)		$ 25,000,000
Minimum liquidity per owned vessel		500,000
Minimum liquidity per each time chartered-in vessel		$ 250,000
Minimum aggregate fair market value of vessels provided for collateral		120.00%
ING Credit Facility
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings		$ 46,700,000
ABN / SEB Credit Facility
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	$ 16,100,000
STI Comandante, STI Brixton, STI Pimlico and STI Finchley | London Interbank Offered Rate (LIBOR)
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis		3.25%
STI Comandante, STI Brixton, STI Pimlico and STI Finchley | Vessels | Handymax
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | vessel		4
Aggregate proceeds		$ 58,800,000
STI Westminster | London Interbank Offered Rate (LIBOR)
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis		3.20%
STI Westminster | Vessels | MR
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | vessel		1
Aggregate proceeds	$ 20,250,000

Current and long-term debt - _4

Current and long-term debt - 2021 TSFL Lease Financing (Details) - 2021 TSFL Lease Financing $ in Millions	1 Months Ended
	Mar. 31, 2021USD ($)vesselRate
Disclosure of detailed information about borrowings [line items]
Borrowings, bareboat charter term	7 years
Periodic borrowing payment, amount	$ 0.4
Ratio of net debt to total capitalization (greater than) | Rate	65.00%
Tangible net worth (no less than)	$ 1,000
Minimum aggregate fair market value of vessels provided for collateral	115.00%
ING Credit Facility
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	$ 40.7
London Interbank Offered Rate (LIBOR)
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis	3.20%
STI Black Hawk, STI Notting Hill and STI Pontiac | Vessels
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | vessel	3
Aggregate proceeds	$ 57.7

Current and long-term debt - _5

Current and long-term debt - 2021 CSSC Lease Financing (Details) - 2021 CSSC Lease Financing $ in Millions	1 Months Ended
	May 31, 2021USD ($)vessel
Disclosure of detailed information about borrowings [line items]
Borrowings, bareboat charter term	6 years
Periodic borrowing payment, amount	$ 0.2
Minimum aggregate fair market value of vessels provided for collateral	125.00%
ING Credit Facility
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	$ 36.9
London Interbank Offered Rate (LIBOR)
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis	3.50%
STI Grace and STI Jermyn | Vessels
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | vessel	2
Aggregate proceeds	$ 57.4

Current and long-term debt - At

Current and long-term debt - At the Market Offering Program (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jan. 31, 2021
Disclosure of detailed information about borrowings [line items]
Issuance of debt	$ 367,578	$ 318,194
B. Riley Securities Inc | Unsecured Senior Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Authorized amount of additional principal			$ 75,000
Borrowings interest rate			7.00%
Aggregate principal amount notes issued			$ 28,100
B. Riley Securities Inc | Unsecured Senior Notes Due 2025 | Sales of additional notes
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount notes issued	30,700
Issuance of debt	$ 30,000

Current and long-term debt - Co

Current and long-term debt - Convertible Notes Exchange and New Issuance of Convertible Notes (Details)	Jun. 30, 2021USD ($)$ / shares	Mar. 02, 2021USD ($)	Mar. 31, 2021USD ($)$ / shares	Jun. 30, 2021USD ($)$ / shares
Convertible Notes Due 2022
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount notes issued	$ 19,400,000		$ 62,100,000	$ 19,400,000
Principal amount		$ 1,000
Convertible conversion rate		0.02666170
Convertible Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount notes issued	$ 19,400,000		$ 62,100,000	$ 19,400,000
Borrowings interest rate	3.00%		3.00%	3.00%
Issued price, percentage of par	102.25%			102.25%
Principal amount	$ 1,000		$ 1,000	$ 1,000
Conversion price | $ / shares	$ 37.33		$ 37.507	$ 37.33
Weighted average price of our common shares equals or exceeds of the conversion price				125.40%
Convertible conversion rate	0.02678790		0.02666170
Convertible Notes Due 2025 | At maturity
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount	$ 1.253			$ 1.253
Convertible Notes Due 2025 | Borrowings, redemption, period one
Disclosure of detailed information about borrowings [line items]
Threshold consecutive or non-consecutive trading days				20 days
Threshold consecutive trading days				30 days
Convertible Notes Due 2025 | Borrowings, redemption, period four
Disclosure of detailed information about borrowings [line items]
Repurchased face amount percentage				100.00%
Convertible Notes Due 2025 | Compounds semi annually
Disclosure of detailed information about borrowings [line items]
Borrowings interest rate	5.5202%			5.5202%
Convertible Notes Due 2025 | Compounds to a yield to maturity
Disclosure of detailed information about borrowings [line items]
Borrowings interest rate	8.25%			8.25%
Convertible Notes Due 2025 | March 2021 Convertible Notes Offering
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount notes issued			$ 76,100,000
Convertible Notes Due 2025 | June 2021 Convertible Notes Offering
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount notes issued	$ 42,400,000			$ 42,400,000
Principal amount issued	$ 43,300,000			$ 43,300,000

Current and long-term debt - Ac

Current and long-term debt - Accounting for the 2021 Convertible Notes Exchanges and 2021 Convertible Notes Offerings (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Disclosure of detailed information about borrowings [line items]
Loss on Convertible Notes exchange	$ 5,504	$ 0
Write off of equity portion of Convertible Notes due 2022	1,518
Borrowings	458,600
Additional paid-in capital
Disclosure of detailed information about borrowings [line items]
Write off of equity portion of Convertible Notes due 2022	1,518
Convertible Notes Due 2022
Disclosure of detailed information about borrowings [line items]
Loss on Convertible Notes exchange	5,500
Borrowings	66,500
Convertible Notes Due 2022 | Additional paid-in capital
Disclosure of detailed information about borrowings [line items]
Write off of equity portion of Convertible Notes due 2022	1,500
Convertible Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Borrowings, Initial Carrying Value Of Liability Component	60,800		$ 132,900
Carrying amount of equity component	2,400		$ 5,300
Borrowings	$ 196,300

Current and long-term debt - _6

Current and long-term debt - Schedule of detailed information about accreted principal amount (Details) - Convertible Notes Due 2025 - USD ($)	Jun. 30, 2021	May 15, 2021	Mar. 31, 2021	Mar. 25, 2021
Disclosure of detailed information about borrowings [line items]
Principal amount	$ 1,000		$ 1,000
March 25, 2021
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount				$ 100
May 15, 2021
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount		$ 100.7125
November 15, 2021
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount	103.3669
May 15, 2022
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount	106.1308
November 15, 2022
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount	109.0087
May 15, 2023
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount	112.0053
45245
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount	115.1255
May 15, 2024
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount	118.3744
November 15, 2024
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount	121.7574
May 15, 2025
Disclosure of detailed information about borrowings [line items]
Borrowings, accreted principal amount per $1,000 principal amount	$ 125.2798

Current and long-term debt - _7

Current and long-term debt - Convertible Rate Adjustments (Details)	May 21, 2021USD ($)	Mar. 02, 2021USD ($)
Convertible Notes Due 2022
Disclosure of detailed information about borrowings [line items]
Principal amount		$ 1,000
Convertible conversion rate		0.02666170
Increase in conversion rate		0.00018060
Convertible Senior Notes Due 2022 and 2025
Disclosure of detailed information about borrowings [line items]
Principal amount	$ 1,000
Convertible conversion rate	0.02678790
Increase in conversion rate	0.00012620

Common shares - Narrative (Deta

Common shares - Narrative (Details) $ / shares in Units, $ in Millions	Sep. 29, 2021$ / shares	Jun. 15, 2021$ / shares	Mar. 15, 2021$ / shares	Apr. 30, 2021shares$ / shares	Jun. 30, 2021USD ($)shares$ / shares	Jun. 30, 2020$ / shares	Dec. 31, 2020shares$ / shares	Sep. 30, 2020USD ($)	Nov. 30, 2019USD ($)$ / shares
Disclosure of classes of share capital [line items]
Dividends paid, ordinary shares per share (in dollars per share) | $ / shares		$ 0.10	$ 0.10		$ 0.20	$ 0.20
Common shares held in treasury (in shares) | shares					7,519,324		7,519,324
Authorized amount of market share issuance program | $									$ 100
Par value per common share market share issuance program (in dollars per share) | $ / shares									$ 0.01
Remaining Availability Of After Market Equity Program | $					$ 97.4
Declaration Of Dividend
Disclosure of classes of share capital [line items]
Dividends per share (in USD per share) | $ / shares	$ 0.10
Common stock
Disclosure of classes of share capital [line items]
Par value per share (in dollars per share) | $ / shares					$ 0.01		$ 0.01
Number of shares outstanding (in shares) | shares					58,369,516		58,093,147
Common stock | New $250 Million Securities Repurchase Program
Disclosure of classes of share capital [line items]
Authorized amount of share repurchase | $								$ 250
Authorized amount of share repurchase, remaining amount | $					$ 250
2013 Equity Incentive Plan | Common stock
Disclosure of classes of share capital [line items]
Shares reserved for issuance (in shares) | shares					386,883
Par value per share (in dollars per share) | $ / shares					$ 0.01
Restricted Stock
Disclosure of classes of share capital [line items]
Number of shares granted (in shares) | shares					276,369
Number of shares outstanding and non-vested (in shares) | shares					3,720,577		3,806,773
Restricted Stock | 2013 Equity Incentive Plan | Employees
Disclosure of classes of share capital [line items]
Number of shares granted (in shares) | shares				276,369
Restricted stock, share price (in dollars per share) | $ / shares				$ 18.38
Restricted Stock | 2013 Equity Incentive Plan | Employees | First vesting percentage
Disclosure of classes of share capital [line items]
Vested rights, percentage				33.33%
Restricted Stock | 2013 Equity Incentive Plan | Employees | Second vesting percentage
Disclosure of classes of share capital [line items]
Vested rights, percentage				33.33%
Restricted Stock | 2013 Equity Incentive Plan | Employees | Third vesting percentage
Disclosure of classes of share capital [line items]
Vested rights, percentage				33.33%

Common shares - Summary of Rest

Common shares - Summary of Restricted Stock Awards (Details) - Restricted Stock	6 Months Ended
	Jun. 30, 2021shares$ / shares
Reconciliation of Share-based Payment Awards in Period [Roll Forward]
Number of shares outstanding and non-vested, beginning balance (in shares) | shares	3,806,773
Number of shares granted (in shares) | shares	276,369
Number of shares vested (in shares) | shares	(362,565)
Number of shares forfeited (in shares) | shares	0
Number of shares outstanding and non-vested, ending balance (in shares) | shares	3,720,577
Weighted average grand date fair value, outstanding, beginning balance (in dollars per share) | $ / shares	$ 24.19
Weighted average grant date fair value, granted (in dollars per share) | $ / shares	18.38
Weighted average grant date fair value, vested (in dollars per share) | $ / shares	31.14
Weighted average grant date fair value, forfeited (in dollars per share) | $ / shares	0
Weighted average grand date fair value, outstanding, ending balance (in dollars per share) | $ / shares	$ 23.08

Common shares - Summary of Futu

Common shares - Summary of Future Stock Compensation Expense (Details) - Restricted Stock $ in Thousands	Jun. 30, 2021USD ($)
Disclosure of terms and conditions of share-based payment arrangement [line items]
For the period July 1, 2021 through December 31, 2021	$ 10,440
For the year ending December 31, 2022	14,440
For the year ending December 31, 2023	7,058
For the year ending December 31, 2024	2,482
For the year ending December 31, 2025	540
For the year ending December 31, 2026	58
Total expected stock compensation expense	35,018
Employees
Disclosure of terms and conditions of share-based payment arrangement [line items]
For the period July 1, 2021 through December 31, 2021	9,844
For the year ending December 31, 2022	13,952
For the year ending December 31, 2023	6,951
For the year ending December 31, 2024	2,482
For the year ending December 31, 2025	540
For the year ending December 31, 2026	58
Total expected stock compensation expense	33,827
Directors
Disclosure of terms and conditions of share-based payment arrangement [line items]
For the period July 1, 2021 through December 31, 2021	596
For the year ending December 31, 2022	488
For the year ending December 31, 2023	107
For the year ending December 31, 2024	0
For the year ending December 31, 2025	0
For the year ending December 31, 2026	0
Total expected stock compensation expense	$ 1,191

Related party transactions - Re

Related party transactions - Related Party Statement of Income or Loss (Details)	6 Months Ended
	Jun. 30, 2021USD ($)shares	Jun. 30, 2020USD ($)shares
Disclosure of transactions between related parties [line items]
Voyage revenue	$ 0	$ 2,334,000
Voyage expenses	(1,566,000)	(3,351,000)
Vessel operating costs	(17,846,000)	(16,884,000)
Administrative expenses	$ (6,790,000)	(7,001,000)
Restricted Stock
Disclosure of transactions between related parties [line items]
Number of shares granted (in shares) | shares	276,369
Handymax and MR
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when out of pools	$ 300
LR1 And LR2
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when out of pools	250
Bunker Provider
Disclosure of transactions between related parties [line items]
Bunkers purchased	1,700,000	3,300,000
Bunker consumed	1,100,000	2,600,000
Other related parties | Scorpio MR Pool Limited | MR
Disclosure of transactions between related parties [line items]
Pool revenue	131,272,000	211,567,000
Other related parties | Scorpio LR2 Pool Limited | LR2
Disclosure of transactions between related parties [line items]
Pool revenue	88,278,000	244,046,000
Other related parties | Scorpio Handymax Tanker Pool Limited | Handymax
Disclosure of transactions between related parties [line items]
Pool revenue	25,783,000	76,012,000
Other related parties | Scorpio LR1 Pool Limited | LR1
Disclosure of transactions between related parties [line items]
Pool revenue	$ 23,344,000	56,855,000
Other related parties | Scorpio Commercial Management S.A.M.
Disclosure of transactions between related parties [line items]
Commission on gross revenue per charter fixture when included in pools, rercent	1.50%
Commission on gross revenue per charter fixture when excluded in pools, rercent	1.25%
Reimbursement of expenses	$ 2,462	21,971
Other related parties | Scorpio Commercial Management S.A.M. | LR2
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when in pools	250
Other related parties | Scorpio Commercial Management S.A.M. | LR1
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when in pools	300
Other related parties | Scorpio Commercial Management S.A.M. | Handymax and MR
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when in pools	325
Other related parties | Amounts due to a related party port agent
Disclosure of transactions between related parties [line items]
Vessel operating costs	(1,500,000)	(900,000)
Other related parties | Scorpio Ship Management S.A.M. (SSM)
Disclosure of transactions between related parties [line items]
Technical management fee	16,400,000	16,000,000
Crew wages	75,600,000	72,800,000
Fixed annual technical management fee	175,000
Other related parties | Scorpio Services Holding Limited (SSH)
Disclosure of transactions between related parties [line items]
Administrative fees	6,100,000	6,300,000
Reimbursement of expenses	25,436	19,772
Other related parties | Scorpio Services Holding Limited (SSH) | Restricted Stock
Disclosure of transactions between related parties [line items]
Restricted stock amortization	$ 700,000	$ 700,000
Number of shares granted (in shares) | shares	315,950	221,900

Related party transactions - _2

Related party transactions - Related Party Balance Sheet (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Other related parties
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses	$ 27,818	$ 26,697
Scorpio Pools | Other related parties
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses	27,818	26,413
Other assets	73,161	73,161
Accounts payable and accrued expenses	343	945
Scorpio Ship Management S.A.M. (SSM) | Other related parties
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses	4,535	4,259
Accounts payable and accrued expenses	2,137	935
Amounts due to a related party port agent | Other related parties
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses	488	355
Scorpio Services Holding Limited (SSH) | Other related parties
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses	427	404
Scorpio Commercial Management S.A.M. | Other related parties
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses	0	284
Accounts payable and accrued expenses	$ 40	58
Scorpio Handymax Tanker Pool Limited
Disclosure of transactions between related parties [line items]
Working capital repayment period upon vessel's exit from each pool	6 months
Scorpio Handymax Tanker Pool Limited | Other related parties
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses	$ 1,656	3,597
Other assets	$ 5,661	$ 5,661

Related party transactions - Na

Related party transactions - Narrative (Details)	6 Months Ended
	Jun. 30, 2021USD ($)payment
Disclosure of transactions between related parties [line items]
Material post employment benefits for executive offices and directors	$ 0
Post employment benefits, number of payments | payment	1
Post employment benefits, number of months of salary paid	2 months
Minimum
Disclosure of transactions between related parties [line items]
Change in control, annual bonus provided under employment agreement percentage	150.00%
Maximum
Disclosure of transactions between related parties [line items]
Change in control, annual bonus provided under employment agreement percentage	250.00%
Other related parties
Disclosure of transactions between related parties [line items]
Payments to procure bunker	$ 0

Related party transactions - Ke

Related party transactions - Key Management Renumeration (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Related party transactions [abstract]
Short-term employee benefits (salaries)	$ 2,663	$ 6,626
Share-based compensation	9,278	12,013
Total	$ 11,941	$ 18,639

Segment reporting - Information

Segment reporting - Information About Reportable Segments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Disclosure of operating segments [line items]
Vessel revenue	$ 273,607	$ 600,407
Vessel operating costs	(163,900)	(161,221)
Voyage expenses	(2,781)	(7,125)
Depreciation - owned or sale and leaseback vessels	(98,006)	(94,943)
Depreciation - right of use assets for vessels	(22,041)	(26,806)
General and administrative expenses	(26,884)	(36,010)
Financial expenses	(69,973)	(83,892)
Loss on Convertible Notes exchange	(5,504)	0
Financial income	412	860
Other income and (expense), net	(106)	(702)
Net (loss) / income	(115,176)	190,568
Reportable segments
Disclosure of operating segments [line items]
Vessel revenue	273,607	600,407
Vessel operating costs	(163,900)	(161,221)
Voyage expenses	(2,781)	(7,125)
Depreciation - owned or sale and leaseback vessels	(98,006)	(94,943)
Depreciation - right of use assets for vessels	(22,041)	(26,806)
General and administrative expenses	(6,390)	(6,471)
Financial expenses	0	0
Loss on Convertible Notes exchange	0
Financial income	298	383
Other income and (expense), net	(761)	0
Net (loss) / income	(19,974)	304,224
Reportable segments | LR1
Disclosure of operating segments [line items]
Vessel revenue	23,344	56,855
Vessel operating costs	(14,065)	(14,818)
Voyage expenses	16	(21)
Depreciation - owned or sale and leaseback vessels	(10,446)	(10,100)
Depreciation - right of use assets for vessels	0	0
General and administrative expenses	(581)	(573)
Financial expenses	0	0
Loss on Convertible Notes exchange	0
Financial income	2	92
Other income and (expense), net	(393)	0
Net (loss) / income	(2,123)	31,435
Reportable segments | Handymax
Disclosure of operating segments [line items]
Vessel revenue	25,783	76,012
Vessel operating costs	(19,814)	(24,904)
Voyage expenses	(479)	(296)
Depreciation - owned or sale and leaseback vessels	(10,454)	(10,625)
Depreciation - right of use assets for vessels	(1,773)	(7,595)
General and administrative expenses	(760)	(1,047)
Financial expenses	0	0
Loss on Convertible Notes exchange	0
Financial income	0	9
Other income and (expense), net	0	0
Net (loss) / income	(7,497)	31,554
Reportable segments | LR2
Disclosure of operating segments [line items]
Vessel revenue	88,278	250,169
Vessel operating costs	(50,834)	(51,286)
Voyage expenses	(243)	(3,551)
Depreciation - owned or sale and leaseback vessels	(40,112)	(38,593)
Depreciation - right of use assets for vessels	(4,216)	(4,268)
General and administrative expenses	(2,034)	(1,881)
Financial expenses	0	0
Loss on Convertible Notes exchange	0
Financial income	0	2
Other income and (expense), net	0	0
Net (loss) / income	(9,161)	150,592
Reportable segments | MR
Disclosure of operating segments [line items]
Vessel revenue	136,202	217,371
Vessel operating costs	(79,187)	(70,213)
Voyage expenses	(2,075)	(3,257)
Depreciation - owned or sale and leaseback vessels	(36,994)	(35,625)
Depreciation - right of use assets for vessels	(16,052)	(14,943)
General and administrative expenses	(3,015)	(2,970)
Financial expenses	0	0
Loss on Convertible Notes exchange	0
Financial income	296	280
Other income and (expense), net	(368)	0
Net (loss) / income	(1,193)	90,643
Corporate and eliminations
Disclosure of operating segments [line items]
Vessel revenue	0	0
Vessel operating costs	0	0
Voyage expenses	0	0
Depreciation - owned or sale and leaseback vessels	0	0
Depreciation - right of use assets for vessels	0	0
General and administrative expenses	(20,494)	(29,539)
Financial expenses	(69,973)	(83,892)
Loss on Convertible Notes exchange	(5,504)
Financial income	114	477
Other income and (expense), net	655	(702)
Net (loss) / income	$ (95,202)	$ (113,656)

Vessel revenue - Narrative (Det

Vessel revenue - Narrative (Details) - vessel	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Analysis of income and expense [abstract]
Number of vessels that earned revenue in long-term contracts	0	0
Variability of lease revenue	100.00%
Number of vessels on long-term time charter contracts	0	0

Vessel revenue - Revenue Source

Vessel revenue - Revenue Sources (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Analysis of income and expense [abstract]
Pool revenue	$ 268,677	$ 588,480
Time charter revenue	0	0
Voyage revenue (spot market)	4,930	11,927
Vessel revenue	$ 273,607	$ 600,407

Vessel revenue - Lease and non-

Vessel revenue - Lease and non-lease components (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Analysis of income and expense [abstract]
Lease component of revenue from time charter-out and pool revenue	$ 141,722	$ 384,906
Non-lease component of revenue from time charter-out and pool revenue	126,955	203,574
Total lease and non-lease components of revenue	$ 268,677	$ 588,480

Crewing costs - Summary of Crew

Crewing costs - Summary of Crew Expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Analysis of income and expense [abstract]
Short-term crew benefits (i.e. wages, victualing, insurance)	$ 85,799	$ 87,467
Other crew related costs	11,740	8,784
Total crewing cost	$ 97,539	$ 96,251

Financial expenses - Schedule o

Financial expenses - Schedule of Financial Expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Analysis of income and expense [abstract]
Interest expense on debt, net of capitalized interest	$ 57,888	$ 74,186
Write-off of deferred financing fees	1,326	313
Accretion of convertible notes	5,384	4,565
Amortization of deferred financing fees	3,689	3,086
Accretion of premiums and discounts on assumed debt	1,686	1,742
Total financial expenses	$ 69,973	$ 83,892

Earnings _ (loss) per share - S

Earnings / (loss) per share - Schedule of Basic and Diluted Earnings / (Loss) per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Earnings per share [abstract]
Net income / (loss) attributable to equity holders of the parent - basic	$ (115,176)	$ 190,568
Convertible notes interest expense	0	7,617
Net income / (loss) attributable to equity holders of the parent - diluted	$ (115,176)	$ 198,185
Basic weighted average number of shares (in shares)	54,388,504	54,747,345
Effect of dilutive potential basic shares:
Restricted stock (in shares)	0	1,778,355
Convertible Notes (in shares)	0	5,275,395
Dilutive shares (in shares)	0	7,053,750
Diluted weighted average number of shares (in shares)	54,388,504	61,801,095
Earnings / (Loss) Per Share:
Basic (in dollars per share)	$ (2.12)	$ 3.48
Diluted (in dollars per share)	$ (2.12)	$ 3.21

Earnings _ (loss) per share - N

Earnings / (loss) per share - Narrative (Details) - shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Earnings per share [line items]
Dilutive effect on number of ordinary shares (in shares)	0	7,053,750
Dilutive effect relating to convertible notes (in shares)	0	5,275,395
Convertible Debt Securities
Earnings per share [line items]
Dilutive effect on number of ordinary shares (in shares)	7,224,568
Dilutive effect relating to convertible notes (in shares)		5,295,075
Restricted Stock
Earnings per share [line items]
Dilutive effect on number of ordinary shares (in shares)	3,720,577	3,699,210

Financial instruments - finan_3

Financial instruments - financial and other risks - Categories of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Apr. 30, 2017
Disclosure of detailed information about financial instruments [line items]
Sale leaseback transaction, aggregate amount	$ 10,488	$ 10,192
Borrowings	458,600
Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	30,169	22,471
Secured bank loans | Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	9,300	12,300
Sale and leaseback liability | Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	11,500	8,700
Ballast Water Treatment Systems
Disclosure of detailed information about financial instruments [line items]
Aggregate difference in investment fair value between put and call option exercise prices	600
Vessels | STI Beryl, STI Le Rocher, STI Larvotto
Disclosure of detailed information about financial instruments [line items]
Sale leaseback transaction, deposit per vessel	4,350		$ 4,350
Sale leaseback transaction, aggregate amount	13,100		$ 13,100
Financial liabilities at amortised cost, category | Accounts payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	12,302	12,863
Financial liabilities at amortised cost, category | Accrued expenses
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	23,699	32,193
Financial liabilities at amortised cost, category | Secured bank loans
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	741,734	976,505
Financial liabilities at amortised cost, category | Sale and leaseback liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	1,500,497	1,271,449
Financial liabilities at amortised cost, category | Unsecured Senior Notes Due 2025
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	58,757	28,100
Financial liabilities at amortised cost, category | Convertible Notes Due 2022
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	69,695	151,229
Financial liabilities at amortised cost, category | Convertible Notes Due 2025
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	202,930	0
IFRS 16 - Lease liability | IFRS 16 - Lease liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	602,793	632,473
Level 1 of fair value hierarchy | Financial liabilities at amortised cost, category | Accounts payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	12,302	12,863
Level 1 of fair value hierarchy | Financial liabilities at amortised cost, category | Accrued expenses
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	23,699	32,193
Level 1 of fair value hierarchy | Financial liabilities at amortised cost, category | Sale and leaseback liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	1,514,110	1,290,390
Level 1 of fair value hierarchy | Financial liabilities at amortised cost, category | Unsecured Senior Notes Due 2025
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	58,781	28,774
Level 2 of fair value hierarchy | Financial liabilities at amortised cost, category | Secured bank loans
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	741,734	976,505
Level 2 of fair value hierarchy | Financial liabilities at amortised cost, category | Convertible Notes Due 2022
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	69,678	145,647
Level 2 of fair value hierarchy | Financial liabilities at amortised cost, category | Convertible Notes Due 2025
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	210,857	0
Level 2 of fair value hierarchy | IFRS 16 - Lease liability | IFRS 16 - Lease liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	603,905	634,707
Loans and receivables | Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	282,229	187,511
Loans and receivables | Cash and cash equivalents | Level 1 of fair value hierarchy
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	282,229	187,511
Loans and receivables | Restricted cash
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	5,293	5,293
Loans and receivables | Restricted cash | Level 1 of fair value hierarchy
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	5,293	5,293
Loans and receivables | Loans and receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	31,730	33,017
Loans and receivables | Loans and receivables | Level 1 of fair value hierarchy
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	31,730	33,017
Loans and receivables | Investment in ballast water treatment supplier
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	1,751	1,751
Loans and receivables | Investment in ballast water treatment supplier | Level 3 of fair value hierarchy
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	1,751	1,751
Loans and receivables | Working capital contributions to Scorpio Pools | Scorpio Pools
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	73,161	73,161
Loans and receivables | Working capital contributions to Scorpio Pools | Level 1 of fair value hierarchy | Scorpio Pools
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	73,161	73,161
Loans and receivables | Sellers credit on sale leaseback vessels
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	10,488	10,192
Loans and receivables | Sellers credit on sale leaseback vessels | Level 1 of fair value hierarchy
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	$ 10,488	$ 10,192

Financial instruments - finan_4

Financial instruments - financial and other risks - Narrative (Details) $ in Thousands	Jun. 30, 2021USD ($)tanker
Disclosure of detailed information about financial instruments [line items]
Borrowings	$ 458,600
Convertible Notes Due 2022
Disclosure of detailed information about financial instruments [line items]
Borrowings	$ 66,500
March 2022 | Citibank / K-Sure Credit Facility | Vessels
Disclosure of detailed information about financial instruments [line items]
Number of vessels under finance lease arrangements | tanker	1
Borrowings	$ 19,300
Second quarter 2022 | Citibank / K-Sure Credit Facility | Vessels
Disclosure of detailed information about financial instruments [line items]
Number of vessels under finance lease arrangements | tanker	3
Borrowings	$ 57,600
Second quarter 2022 | Convertible Notes Due 2022
Disclosure of detailed information about financial instruments [line items]
Borrowings	$ 69,700
Second quarter 2022 | ING Credit Facility | Vessels
Disclosure of detailed information about financial instruments [line items]
Number of vessels under finance lease arrangements | tanker	1
Borrowings	$ 12,600

General and administrative ex_2

General and administrative expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Analysis of income and expense [abstract]
Decrease in general and administrative expense	$ 9,100
General and administrative expense	$ 26,884	$ 36,010

Subsequent events (Details)

Subsequent events (Details)	Sep. 30, 2021USD ($)tanker	Sep. 29, 2021$ / shares	Jun. 30, 2021USD ($)	May 21, 2021	Sep. 30, 2021USD ($)tanker	Aug. 31, 2021USD ($)tanker	Mar. 31, 2021USD ($)	Sep. 30, 2021USD ($)tanker	Aug. 31, 2020USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Borrowings			$ 458,600,000
Declaration Of Dividend
Disclosure of non-adjusting events after reporting period [line items]
Dividends per share (in USD per share) | $ / shares		$ 0.10
Major purchases of assets
Disclosure of non-adjusting events after reporting period [line items]
Proportion of ownership interest in joint venture						50.00%
Number of duel fuel tankers | tanker						5
Number of Ice Class 1ALR1 acquired | tanker						4
Term of charter contracts						5 years
Convertible Notes Due 2025
Disclosure of non-adjusting events after reporting period [line items]
Convertible conversion rate			0.02678790				0.02666170
Borrowings			$ 196,300,000
Convertible Notes Due 2025 | Issuance of Convertible Senior Notes
Disclosure of non-adjusting events after reporting period [line items]
Debt instruments issued	$ 9,500,000				$ 9,500,000			$ 9,500,000
Proceeds from non-current borrowings								9,300,000
Convertible Senior Notes Due 2022 and 2025
Disclosure of non-adjusting events after reporting period [line items]
Convertible conversion rate				0.02678790
Increase in conversion rate				0.00012620
Convertible Senior Notes Due 2022 and 2025 | Major ordinary share transactions
Disclosure of non-adjusting events after reporting period [line items]
Convertible conversion rate					0.02694190
Increase in conversion rate					0.00015400
Vessels | Major purchases of assets
Disclosure of non-adjusting events after reporting period [line items]
Number of vessels, declared option to purchase | tanker						6
Number of product tankers						$ 9
Contractual capital commitments									$ 7,000,000
Vessels | CSSC Lease Financing | Sales Leaseback Transaction
Disclosure of non-adjusting events after reporting period [line items]
Borrowings	$ 128,900,000				$ 128,900,000			$ 128,900,000
Vessels | CSSC Lease Financing | Sales Leaseback Transaction | Floating interest rate
Disclosure of non-adjusting events after reporting period [line items]
Adjustment to interest rate basis						4.60%
Vessels | Finance Lease - 2021 CSSC Lease Financing | Sales Leaseback Transaction
Disclosure of non-adjusting events after reporting period [line items]
Adjustment to interest rate basis	3.50%				3.50%			3.50%
Periodic borrowing payment, amount							$ 200,000
Borrowings	$ 140,700,000				$ 140,700,000			$ 140,700,000
Increase In Borrowings	$ 11,800,000
Term of lease extension	24 months				24 months			24 months
Minimum aggregate fair market value of vessels provided for collateral							125.00%
Vessels | LR1 | Major purchases of assets
Disclosure of non-adjusting events after reporting period [line items]
Number of vessels, declared option to purchase | tanker						5
Vessels | LR2 | Finance Lease - 2021 CSSC Lease Financing | Sales Leaseback Transaction | STI Gratitude, STI Gladiator, STI Gauntlet, STI Guide and STI Goal
Disclosure of non-adjusting events after reporting period [line items]
Number of vessels under finance lease arrangements | tanker	5				5			5