Scorpio Tankers (STNG) 6-K 3 Oct 22 2022 Q2 Current report (foreign) Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2022
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, 2022
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 359,528	$ 230,415
Accounts receivable	206,456	38,069
Prepaid expenses and other current assets	12,538	7,954
Inventories	13,295	8,781
Restricted cash	0	4,008
Assets held for sale	64,923	0
Total current assets	656,740	289,227
Non-current assets
Vessels and drydock	3,144,735	3,842,071
Right of use assets for vessels	709,165	764,025
Other assets	89,788	108,963
Goodwill	8,432	8,900
Restricted cash	783	783
Total non-current assets	3,952,903	4,724,742
Total assets	4,609,643	5,013,969
Current liabilities
Current portion of long-term bank debt and bonds	69,272	235,278
Sale and leaseback liability	250,793	178,062
IFRS 16 - lease liability	52,511	54,515
Accounts payable	12,866	35,080
Accrued expenses	43,446	24,906
Total current liabilities	428,888	527,841
Non-current liabilities
Long-term bank debt and bonds	474,056	666,409
Sale and leaseback liability	1,295,639	1,461,929
IFRS 16 - lease liability	470,298	520,862
Total non-current liabilities	2,239,993	2,649,200
Total liabilities	2,668,881	3,177,041
Shareholders’ equity
Common stock, $0.01 par value per share; 150,000,000 shares authorized; 59,415,013 and 58,369,516 issued and outstanding shares as of June 30, 2022 and December 31, 2021, respectively.	669	659
Additional paid-in capital	2,852,939	2,855,798
Treasury shares	(480,172)	(480,172)
Accumulated deficit	(432,674)	(539,357)
Total shareholders’ equity	1,940,762	1,836,928
Total liabilities and shareholders’ equity	$ 4,609,643	$ 5,013,969

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - Common stock - $ / shares	Jun. 30, 2022	Dec. 31, 2021
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)	59,415,013	58,369,516
Number of shares issued (in shares)	59,415,013	58,369,516

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Income or Loss - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenue
Vessel revenue	$ 579,120	$ 273,607
Operating expenses
Vessel operating costs	(161,755)	(163,900)
Voyage expenses	(25,508)	(2,781)
Depreciation - owned or sale and leaseback vessels	(85,159)	(98,006)
Depreciation - right of use assets for vessels	(19,488)	(22,041)
General and administrative expenses	(35,257)	(26,884)
Loss on sales of vessels and write-down of vessel held for sale	(69,218)	0
Total operating expenses	(396,385)	(313,612)
Operating income / (loss)	182,735	(40,005)
Other (expense) and income, net
Financial expenses	(78,710)	(69,973)
Loss on Convertible Notes exchange	0	(5,504)
Financial income	1,024	412
Other income / (expenses), net	1,634	(106)
Total other expense, net	(76,052)	(75,171)
Net income / (loss)	106,683	(115,176)
Attributable to:
Equity holders of the parent	$ 106,683	$ (115,176)
Earnings / (Loss) per share
Basic (in dollars per share)	$ 1.92	$ (2.12)
Diluted (in dollars per share)	$ 1.84	$ (2.12)
Basic weighted average shares outstanding (in shares)	55,502,389	54,388,504
Diluted weighted average shares outstanding (in shares)	64,611,651	54,388,504

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity $ in Thousands		USD ($)	Share capital USD ($) shares	Additional paid-in capital USD ($)	Treasury shares USD ($)	Accumulated deficit USD ($)
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 component of issuance of Convertible Notes Due 2025 (See Note 11)		7,502		7,502
Write off of equity portion of Convertible Notes due (see Note 10)		(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)
Beginning balance (in shares) at Dec. 31, 2021 | shares			58,369,516
Beginning balance at Dec. 31, 2021		1,836,928	$ 659	2,855,798	(480,172)	(539,357)
Net income (loss) for the period		106,683				106,683
Issuance of restricted stock, net of forfeitures (in shares) | shares			1,045,497
Issuance of restricted stock, net of forfeitures		(1)	$ 10	(11)
Amortization of restricted stock, net of forfeitures		10,676		10,676
Dividends paid	[1]	(11,778)		(11,778)
Write off of equity portion of Convertible Notes due (see Note 10)		(1,746)		(1,746)
Ending balance (in shares) at Jun. 30, 2022 | shares			59,415,013
Ending balance at Jun. 30, 2022		$ 1,940,762	$ 669	$ 2,852,939	$ (480,172)	$ (432,674)
[1]The Company's policy is to distribute dividends from available retained earnings first and then from additional paid in capital.

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	1 Months Ended		6 Months Ended
	Apr. 30, 2022	Feb. 28, 2022	Jun. 30, 2022	Jun. 30, 2021
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_6

Unaudited Condensed Consolidated Cash Flow Statements - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net income / (loss)	$ 106,683	$ (115,176)
Depreciation - owned or sale and leaseback vessels	85,159	98,006
Depreciation - right of use assets for vessels	19,488	22,041
Amortization of restricted stock	10,676	12,483
Amortization of deferred financing fees	3,484	3,689
Write-off of deferred financing fees and unamortized discounts on sale and leaseback facilities	4,543	1,326
Loss on sales of vessels and write-down of vessel held for sale	69,218	0
Accretion of Convertible Notes	7,748	5,384
Accretion of fair value measurement on debt assumed from historical acquisitions	1,396	1,686
(Gain) / loss on Convertible Notes exchange	(412)	5,504
Share of income from dual fuel tanker joint venture	(133)	0
Cash flows from (used in) operations before changes in working capital	307,850	34,943
Changes in assets and liabilities:
Decrease in inventories	5,873	866
(Increase) / decrease in accounts receivable	(166,834)	1,287
Increase in prepaid expenses and other current assets	(4,583)	(1,933)
Increase in other assets	(185)	(297)
Decrease in accounts payable	(20,740)	(297)
Increase / (decrease) in accrued expenses	18,421	(8,647)
Increase (decrease) in working capital	(168,048)	(9,021)
Net cash inflow from operating activities	139,802	25,922
Investing activities
Net proceeds from sales of vessels	541,187	0
Distributions from dual fuel tanker joint venture	240	0
Drydock, scrubber, ballast water treatment system and other vessel related payments (owned, lease financed and bareboat-in vessels)	(22,779)	(27,308)
Net cash inflow / (outflow) from investing activities	518,648	(27,308)
Financing activities
Principal repayments on debt and sale and leaseback obligations	(507,764)	(341,449)
Issuance of debt	122,637	367,578
Debt issuance costs	(1,621)	(9,124)
Principal repayments on IFRS 16 lease liabilities	(52,568)	(28,674)
Decrease in restricted cash	4,008	0
Repurchase / repayment of Convertible Notes	(82,251)	0
Issuance of convertible notes	0	119,419
Dividends paid	(11,778)	(11,646)
Net cash (outflow) / inflow from financing activities	(529,337)	96,104
Increase in cash and cash equivalents	129,113	94,718
Cash and cash equivalents at beginning of period	230,415	187,511
Cash and cash equivalents at end of period	359,528	282,229
Supplemental information:
Interest paid (which includes $0.1 million of interest capitalized during the six months ended June 30, 2022. No interest expenses were capitalized during the six months ended June 30, 2021.)	$ 60,276	$ 57,143
Convertible Notes Due 2025
Supplemental information:
Borrowings interest rate	3%

Unaudited Condensed Consolida_7

Unaudited Condensed Consolidated Cash Flow Statements (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of cash flows [abstract]
Interest costs capitalised	$ 0.1	$ 0

General information and signifi

General information and significant accounting policies	6 Months Ended
	Jun. 30, 2022
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, 2022 consisted of 115 owned, sale and leaseback, or bareboat chartered-in product tankers (14 Handymax, 61 MR and 40 LR2). Two of these vessels (one MR and one LR2) were held for sale as of this date and were subsequently sold during July and August of 2022, respectively. 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 our vessels 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, 2022 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, 2021. 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 19. 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. Based on internal forecasts and projections that take into account reasonably possible changes in our trading performance, we believe that we have adequate financial resources to continue in operation and meet our financial commitments (including, but not limited to, debt service and lease financing obligations) 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. 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, 2022 and 2021.

Accounts receivable

Accounts receivable	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
Accounts receivable	Accounts receivable The following is a table summarizing our accounts receivable as of June 30, 2022 and December 31, 2021: As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 Scorpio MR Pool Limited $ 98,508 $ 16,414 Scorpio LR2 Pool Limited 86,632 14,344 Scorpio LR1 Pool Limited 3,104 3,079 Scorpio Handymax Tanker Pool Limited 5,661 2,379 Receivables from related parties 193,905 36,216 Freight and time charter receivables 12,379 820 Insurance receivables 119 905 Other receivables 53 128 $ 206,456 $ 38,069 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 13. 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 June 30, 2022 include $1.3 million of working capital contributions that are due from the Scorpio Pools related to vessels which were recently sold, or were held for sale as of that date. The overall increase in receivables due from the Scorpio Pools is due to the improvement in market conditions during the six months ended June 30, 2022. Accounts receivable due from the Scorpio Pools are generally driven by market conditions in the months preceding the end of the period since all revenues except time charters are paid in arrears. The revenues earned by our vessels operating in the Scorpio Pools in the months preceding June 30, 2022 were significantly greater than the months preceding December 31, 2021. Several factors contributed to these improvements, which are described in Note 15. Freight and time charter receivables represent amounts collectible from customers for our vessels operating on time charter or in the spot market. Freight receivables increased as of June 30, 2022 as a result of the same factors driving the increase in receivables from the Scorpio Pools, in addition to an increased number of vessels operating in the spot market during the six months ended June 30, 2022. 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, 2022
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, 2022 and December 31, 2021: As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 SSM - prepaid vessel operating expense $ 5,741 $ 3,426 Third party - prepaid vessel operating expenses 3,206 2,610 Prepaid insurance 1,735 880 Other prepaid expenses 1,856 1,038 $ 12,538 $ 7,954

Assets held for sale and Vessel

Assets held for sale and Vessels and drydock	6 Months Ended
	Jun. 30, 2022
Property, plant and equipment [abstract]
Assets held for sale and Vessels and drydock	Assets held for sale and Vessels and drydock Assets held for sale During the six months ended June 30, 2022, we entered into agreements to sell 18 vessels, consisting of three LR2s, 12 LR1s, and three MRs. The sales prices of each of the three LR2s ( STI Savile Row , STI Carnaby and STI Nautilus ) were $43.0 million, $43.0 million and $42.7 million, respectively. The sales price of the 12 LR1s ( STI Excelsior, STI Executive, STI Excellence, STI Pride, STI Providence, STI Prestige, STI Experience, STI Express, STI Exceed, STI Excel, STI Expedit e, and STI Precision ) was $413.8 million in aggregate. The sales prices of each of the three MRs ( STI Fontvieille , STI Benicia , and STI Majestic ) were $23.5 million, $26.5 million, and $34.9 million, respectively. Of these vessels held for sale, the net book value of the 17 vessels were previously recorded within Vessels and drydock and the net book value for one vessel ( STI Majestic ) was previously recorded within Right of use assets for vessels (Note 6). Seven of these sales closed within the first quarter of 2022 (six LR1s and one MR) and nine of these sales closed within the second quarter of 2022 (two LR2s, six LR1s, and one MR) for an aggregate sales price of $558.2 million. As a result of these transactions, we recorded an aggregate loss of $63.8 million (inclusive of a $0.5 million write-off of goodwill on the LR2 vessels). Additionally, we repaid aggregate outstanding debt and sale and leaseback obligations of $313.1 million and incurred debt extinguishment costs (write-offs of deferred financing fees and discounts plus fees) of $2.9 million related to these vessel sales. As of June 30, 2022, two vessels were classified as held for sale. One MR vessel ( STI Benicia ) was measured at its fair value less estimated costs to sell on the date held for sale, and we recorded a loss of $5.4 million during the six months ended June 30, 2022 relating to this sale, which closed in July 2022. Additionally, we repaid the aggregate outstanding lease obligation of $14.2 million relating to this vessel in June 2022, in advance of the closing of the sale. One LR2 vessel ( STI Nautilus ) was measured at its carrying amount on the date that it was held for sale as its sale is expected to result in a gain of approximately $2.5 million, which we expect to record upon the closing of the sale that occurred in August 2022. We repaid aggregate outstanding debt of $20.0 million related to this sale in July 2022. We also incurred debt extinguishment costs (write-offs of deferred financing fees and discounts plus fees) of $0.5 million during the six months ended June 30, 2022 relating to these repayments. Operating vessels and drydock The following is a rollforward of the activity within Vessels and drydock from January 1, 2022 through June 30, 2022. In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2022 $ 4,782,886 $ 135,471 $ 4,918,357 Additions (1) 16,713 8,860 25,573 Disposal of vessels (2) (758,250) (22,641) (780,891) Fully depreciated assets (3) — (3,222) (3,222) As of June 30, 2022 4,041,349 118,468 4,159,817 Accumulated depreciation As of January 1, 2022 (1,020,407) (55,879) (1,076,286) Charge for the period (73,515) (11,644) (85,159) Disposal of vessels (2) 136,581 6,560 143,141 Fully depreciated assets (3) — 3,222 3,222 As of June 30, 2022 (957,341) (57,741) (1,015,082) Net book value As of June 30, 2022 $ 3,084,008 $ 60,727 $ 3,144,735 Net book value As of December 31, 2021 $ 3,762,479 $ 79,592 $ 3,842,071 (1) Additions during the six months ended June 30, 2022 primarily relate to the various costs relating to drydocks, ballast water treatment systems, and scrubber installations. (2) Represents the net book value of 17 vessels, consisting of three LR2s ( STI Savile Row, STI Carnaby and STI Nautilus ), 12 LR1s ( STI Excelsior, STI Executive, STI Excellence, STI Pride, STI Providence, STI Prestige, STI Experience, STI Express, STI Exceed, STI Excel, STI Expedite , and STI Precision ), and two MRs ( STI Fontvieille and STI Benicia ) which were contracted to be sold during the six months ended June 30, 2022. These transactions are described above. (3) 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, 2022: 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 $ 8,710 $ 150 $ 8,860 $ 14,003 $ 2,349 $ 268 $ 93 $ 16,713 (1) Additions during the six months ended June 30, 2022 includes new costs and adjustments to costs accrued in prior periods relating to drydocks, ballast water treatment system, and scrubber installations. Exhaust Gas Cleaning Systems or Scrubbers, and Ballast Water Treatment Systems We previously commenced a program to retrofit the majority of our vessels with exhaust gas cleaning systems, or scrubbers and ballast water treatment systems, or BWTS. 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 scrubber 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, 2022, we have retrofitted a total of 85 of our vessels with scrubbers and 50 vessels with BWTS (which includes vessels that have been sold). The following table is a timeline of future expected payments and dates for our commitments to purchase scrubbers and BWTS as of June 30, 2022 (1) : In thousands of U.S. dollars As of June 30, 2022 Less than 1 month $ — 1-3 months 3,187 3 months to 1 year 8,712 1-5 years 3,154 5+ years — Total $ 15,053 (1) These amounts are subject to change as installation times are finalized. The amounts presented exclude installation costs .
Assets held for sale and Vessels and drydock	Assets held for sale and Vessels and drydock Assets held for sale During the six months ended June 30, 2022, we entered into agreements to sell 18 vessels, consisting of three LR2s, 12 LR1s, and three MRs. The sales prices of each of the three LR2s ( STI Savile Row , STI Carnaby and STI Nautilus ) were $43.0 million, $43.0 million and $42.7 million, respectively. The sales price of the 12 LR1s ( STI Excelsior, STI Executive, STI Excellence, STI Pride, STI Providence, STI Prestige, STI Experience, STI Express, STI Exceed, STI Excel, STI Expedit e, and STI Precision ) was $413.8 million in aggregate. The sales prices of each of the three MRs ( STI Fontvieille , STI Benicia , and STI Majestic ) were $23.5 million, $26.5 million, and $34.9 million, respectively. Of these vessels held for sale, the net book value of the 17 vessels were previously recorded within Vessels and drydock and the net book value for one vessel ( STI Majestic ) was previously recorded within Right of use assets for vessels (Note 6). Seven of these sales closed within the first quarter of 2022 (six LR1s and one MR) and nine of these sales closed within the second quarter of 2022 (two LR2s, six LR1s, and one MR) for an aggregate sales price of $558.2 million. As a result of these transactions, we recorded an aggregate loss of $63.8 million (inclusive of a $0.5 million write-off of goodwill on the LR2 vessels). Additionally, we repaid aggregate outstanding debt and sale and leaseback obligations of $313.1 million and incurred debt extinguishment costs (write-offs of deferred financing fees and discounts plus fees) of $2.9 million related to these vessel sales. As of June 30, 2022, two vessels were classified as held for sale. One MR vessel ( STI Benicia ) was measured at its fair value less estimated costs to sell on the date held for sale, and we recorded a loss of $5.4 million during the six months ended June 30, 2022 relating to this sale, which closed in July 2022. Additionally, we repaid the aggregate outstanding lease obligation of $14.2 million relating to this vessel in June 2022, in advance of the closing of the sale. One LR2 vessel ( STI Nautilus ) was measured at its carrying amount on the date that it was held for sale as its sale is expected to result in a gain of approximately $2.5 million, which we expect to record upon the closing of the sale that occurred in August 2022. We repaid aggregate outstanding debt of $20.0 million related to this sale in July 2022. We also incurred debt extinguishment costs (write-offs of deferred financing fees and discounts plus fees) of $0.5 million during the six months ended June 30, 2022 relating to these repayments. Operating vessels and drydock The following is a rollforward of the activity within Vessels and drydock from January 1, 2022 through June 30, 2022. In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2022 $ 4,782,886 $ 135,471 $ 4,918,357 Additions (1) 16,713 8,860 25,573 Disposal of vessels (2) (758,250) (22,641) (780,891) Fully depreciated assets (3) — (3,222) (3,222) As of June 30, 2022 4,041,349 118,468 4,159,817 Accumulated depreciation As of January 1, 2022 (1,020,407) (55,879) (1,076,286) Charge for the period (73,515) (11,644) (85,159) Disposal of vessels (2) 136,581 6,560 143,141 Fully depreciated assets (3) — 3,222 3,222 As of June 30, 2022 (957,341) (57,741) (1,015,082) Net book value As of June 30, 2022 $ 3,084,008 $ 60,727 $ 3,144,735 Net book value As of December 31, 2021 $ 3,762,479 $ 79,592 $ 3,842,071 (1) Additions during the six months ended June 30, 2022 primarily relate to the various costs relating to drydocks, ballast water treatment systems, and scrubber installations. (2) Represents the net book value of 17 vessels, consisting of three LR2s ( STI Savile Row, STI Carnaby and STI Nautilus ), 12 LR1s ( STI Excelsior, STI Executive, STI Excellence, STI Pride, STI Providence, STI Prestige, STI Experience, STI Express, STI Exceed, STI Excel, STI Expedite , and STI Precision ), and two MRs ( STI Fontvieille and STI Benicia ) which were contracted to be sold during the six months ended June 30, 2022. These transactions are described above. (3) 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, 2022: 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 $ 8,710 $ 150 $ 8,860 $ 14,003 $ 2,349 $ 268 $ 93 $ 16,713 (1) Additions during the six months ended June 30, 2022 includes new costs and adjustments to costs accrued in prior periods relating to drydocks, ballast water treatment system, and scrubber installations. Exhaust Gas Cleaning Systems or Scrubbers, and Ballast Water Treatment Systems We previously commenced a program to retrofit the majority of our vessels with exhaust gas cleaning systems, or scrubbers and ballast water treatment systems, or BWTS. 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 scrubber 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, 2022, we have retrofitted a total of 85 of our vessels with scrubbers and 50 vessels with BWTS (which includes vessels that have been sold). The following table is a timeline of future expected payments and dates for our commitments to purchase scrubbers and BWTS as of June 30, 2022 (1) : In thousands of U.S. dollars As of June 30, 2022 Less than 1 month $ — 1-3 months 3,187 3 months to 1 year 8,712 1-5 years 3,154 5+ years — Total $ 15,053 (1) These amounts are subject to change as installation times are finalized. The amounts presented exclude installation costs .

Carrying values of vessels

Carrying values of vessels	6 Months Ended
	Jun. 30, 2022
Property, plant and equipment [abstract]
Carrying values of vessels	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 (determined by taking into consideration two valuations from independent ship brokers) 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, 2022, 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 loss. As part of our review, we considered external factors such as the record strength in the product tanker market during the six months ended June 30, 2022, which has resulted in significant period over period increases in second-hand vessel values, long term time charter rates, and current spot market rates. • For 96 of the vessels in our operating fleet, we did not note any impairment indicators as the fair value less costs to sell exceeded each vessel's carrying value. • For 14 vessels in our operating fleet, the fair values less costs to sell were less than their carrying amount. We performed value in use calculations for these vessels, estimating each vessel's future cash flows. For each of these 14 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 as of June 30, 2022. • We did not obtain valuations from independent ship brokers for three of our ROU vessels as they are not required under the respective leases. 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 and therefore no impairment charge was recorded as of June 30, 2022. • Two vessels in our operating fleet were classified as held for sale as described in Note 4. The value in use calculations mentioned above 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 2.44% 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 2.44% growth rate in each period thereafter, and (iii) the evaluation of other inputs such as the vessel's remaining useful

Right of use assets and related

Right of use assets and related lease liabilities	6 Months Ended
	Jun. 30, 2022
Disclosure of quantitative information about right-of-use assets [abstract]
Right of use assets and related lease liabilities	Right of use assets and related lease liabilities During the six months ended June 30, 2022, we had bareboat charter-in commitments on three 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 following is the activity of the right of use assets from January 1, 2022 through June 30, 2022: In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2022 $ 836,246 $ 23,562 $ 859,808 Disposal of vessels (1) (38,163) (985) (39,148) As of June 30, 2022 798,083 22,577 820,660 Accumulated depreciation and impairment As of January 1, 2022 (84,221) (11,562) (95,783) Charge for the period (17,055) (2,433) (19,488) Disposal of vessels (1) 3,247 529 3,776 As of June 30, 2022 (98,029) (13,466) (111,495) Net book value As of June 30, 2022 $ 700,054 $ 9,111 $ 709,165 Net book value As of December 31, 2021 $ 752,025 $ 12,000 $ 764,025 (1) Represents the net book value of one MR (S TI Majestic ) which was contracted to be sold during the six months ended June 30, 2022. This transaction is described in Note 4. 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, 2022 and 2021, sublease income of $98.9 million and $46.3 million, respectively, is included in Vessel revenue. The following table summarizes the payments made for the six months ended June 30, 2022 and June 30, 2021 relating to lease liabilities accounted for under IFRS 16 - Leases : For the six months ended June 30, In thousands of U.S. dollars 2022 2021 Interest expense recognized in the unaudited condensed consolidated statements of income or loss $ 12,328 $ 12,096 Principal repayments recognized in unaudited condensed consolidated cash flow statements 52,568 28,674 Net (increase) / decrease in accrued interest expense (70) 39 Net decrease in prepaid interest expense — (45) Total payments on lease liabilities under IFRS 16 $ 64,826 $ 40,764 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, 2022 were $655.4 million. The obligations under these agreements will be repaid as follows: As of In thousands of U.S. dollars June 30, 2022 Less than 1 year $ 82,984 1 - 5 years 271,610 5+ years 300,808 Total $ 655,402 Discounting effect (131,813) Prepaid interest expense (780) Lease liability $ 522,809

Other assets

Other assets	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
Other assets	Other assets As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 Scorpio LR2 Pool Ltd. pool working capital contributions (1) $ 32,300 $ 35,700 Scorpio MR Tanker Pool Ltd. pool working capital contributions (1) 23,600 25,200 Scorpio Handymax Tanker Pool Ltd. pool working capital contributions (1) 5,661 5,661 Scorpio LR1 Pool Ltd. pool working capital contributions (1) — 6,600 Working capital contributions to Scorpio Pools 61,561 73,161 Seller's credit on sale leaseback vessels (2) 11,107 10,793 Deposits for scrubbers (3) 9,737 15,840 Investment in dual fuel tanker joint venture (4) 5,629 5,736 Investment in BWTS supplier (5) 1,751 1,751 Capitalized loan fees 3 1,635 Other — 47 Other assets $ 89,788 $ 108,963 (1) Upon entrance into the Scorpio LR2, LR1, MR, and Handymax 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 consolidated balance sheets. For 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. For vessels designated as held for sale, we classify the amounts as current (within accounts receivable). (2) 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, 2022 and 2021. (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). In April 2020, we reached an agreement to postpone the purchase and installation of scrubbers on 19 of our vessels. In February 2021, we signed an agreement to retain the option to purchase these scrubbers through February 2023. In August 2021, we declared options to purchase and install scrubbers on six vessels (five LR1s and an LR2). Deposits paid for these systems are reflected as investing cash flows within the unaudited condensed consolidated statement of cash flows. (4) In August 2021, we acquired a minority interest in a portfolio of nine product tankers, consisting 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 (two of which were sold during the fourth quarter of 2021). The dual-fuel MR methanol tankers are currently on long-term time charter contracts greater than five years. 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 for final consideration of $6.7 million. We account for our interest in this joint venture using the equity method pursuant to IFRS 11 - Joint arrangements. Under this guidance, the investment is initially measured at cost, and the carrying amount of the investment is adjusted in subsequent periods based on our share of profits or losses from the joint venture (adjusted for any fair value adjustments made upon initial recognition). Any distributions received from the joint venture reduce the carrying amount. We recorded $0.1 million as our share of net income resulting from this joint venture during the six months ended June 30, 2022. Additionally, the joint venture issued a cash distribution of $0.2 million during this period.

Restricted cash

Restricted cash	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
Restricted cash	Restricted cashRestricted cash as of June 30, 2022 primarily represents debt service reserve accounts that must be maintained as part of the terms and conditions of our Bank of Communications Financial Leasing (LR2s) sale and leaseback. The funds in these accounts will be r

Accounts payable

Accounts payable	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
Accounts payable	Accounts payable The following is a table summarizing our accounts payable as of June 30, 2022 and December 31, 2021: As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 Scorpio LR2 Pool Limited $ 1,174 $ 1,076 Scorpio Ship Management S.A.M. (SSM) 932 9,684 Scorpio Commercial Management S.A.M. (SCM) 791 25 Amounts due to a related party bunker supplier 717 — Scorpio MR Pool Limited 716 62 Scorpio Services Holding Limited (SSH) 541 1,888 Amounts due to a related party port agent 183 257 Scorpio Handymax Tanker Pool Limited 2 625 Scorpio LR1 Pool Limited — 785 Accounts payable to related parties 5,056 14,402 Suppliers 7,810 20,678 $ 12,866 $ 35,080

Accrued expenses

Accrued expenses	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
Accrued expenses	Accrued expenses The following is a table summarizing our accrued expenses as of June 30, 2022 and December 31, 2021: As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 Scorpio Holdings Limited $ 1,706 $ — Accrued expenses to a related party port agent 715 417 Scorpio Ship Management S.A.M (SSM) 29 161 Scorpio Commercial Management S.A.M. (SCM) 2 — Accrued expenses to related parties 2,452 578 Suppliers 21,543 15,193 Accrued short-term employee benefits 12,538 3,908 Accrued interest 5,796 5,156 Deferred income 915 — Other accrued expenses 202 71 $ 43,446 $ 24,906

Current and long-term debt

Current and long-term debt	6 Months Ended
	Jun. 30, 2022
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, 2022: Activity Balance as of June 30, 2022 consists of: In thousands of U.S. dollars Carrying Value as of December 31, 2021 Drawdowns Repayments Other Activity (1) Carrying Value as of June 30, 2022 Current Non-Current Credit Agricole Credit Facility 72,838 — (73,591) 753 — — — Citibank / K-Sure Credit Facility 77,781 — (78,401) 620 — — — Hamburg Commercial Credit Facility 37,024 — (1,646) — 35,378 3,292 32,086 Prudential Credit Facility 44,832 — (2,773) — 42,059 5,546 36,513 2019 DNB / GIEK Credit Facility 45,450 — (3,556) — 41,894 7,113 34,781 BNPP Sinosure Credit Facility 86,314 5,075 (5,359) — 86,030 10,909 75,121 2020 $225 Million Credit Facility 145,636 — (85,330) — 60,306 25,108 35,198 2021 $21.0 Million Credit Facility 19,245 — (1,170) — 18,075 18,075 — 2021 $43.6 Million Credit Facility 43,550 — (43,550) — — — — Ocean Yield Lease Financing 126,334 — (5,659) 86 120,761 11,519 109,242 BCFL Lease Financing (LR2s) 77,604 — (5,538) 238 72,304 10,593 61,711 CSSC Lease Financing 132,957 — (7,281) 396 126,072 14,282 111,790 BCFL Lease Financing (MRs) 68,888 — (7,705) — 61,183 16,143 45,040 2018 CMBFL Lease Financing 111,986 — (6,504) — 105,482 13,007 92,475 $116.0 Million Lease Financing 95,789 — (95,789) — — — — AVIC Lease Financing 106,405 — (22,938) — 83,467 11,396 72,071 China Huarong Lease Financing 103,416 — (8,416) — 95,000 95,000 — $157.5 Million Lease Financing 109,657 — (20,835) — 88,822 12,200 76,622 COSCO Lease Financing 61,050 — (3,850) — 57,200 7,700 49,500 2020 CMBFL Lease Financing 41,332 — (1,621) — 39,711 3,242 36,469 2020 TSFL Lease Financing 43,928 — (1,661) — 42,267 3,321 38,946 2020 SPDBFL Lease Financing 87,111 — (3,248) — 83,863 6,495 77,368 2021 AVIC Lease Financing 90,913 — (3,626) — 87,287 7,252 80,035 2021 CMBFL Lease Financing 74,565 — (3,260) — 71,305 6,520 64,785 2021 TSFL Lease Financing 54,377 — (2,190) — 52,187 4,380 47,807 2021 CSSC Lease Financing 53,893 — (2,631) — 51,262 5,262 46,000 2021 $146.3 Million Lease Financing 146,250 — (5,962) 140,288 13,179 127,109 2021 Ocean Yield Lease Financing 69,783 — (2,901) 66,882 5,850 61,032 2022 AVIC Lease Financing — 117,204 — 117,204 9,168 108,036 IFRS 16 - Leases - 3 MR 29,268 — (3,991) — 25,277 8,373 16,904 $670.0 Million Lease Financing 546,730 — (48,418) — 498,312 44,918 453,394 Unsecured Senior Notes Due 2025 70,050 359 — 20 70,429 — 70,429 Convertible Notes Due 2022 68,312 — (69,695) 1,383 — — — Convertible Notes Due 2025 202,355 — (12,556) 7,698 197,497 — 197,497 $ 3,145,623 $ 122,638 $ (641,651) $ 11,194 $ 2,637,804 $ 379,843 $ 2,257,961 Less: deferred financing fees (24,821) (3,044) — 7,309 (20,556) (2,588) (17,968) Less: prepaid interest expense (3,747) — (932) — (4,679) (4,679) — Total $ 3,117,055 $ 119,594 $ (642,583) $ 18,503 $ 2,612,569 $ 372,576 $ 2,239,993 (1) Relates to (i) non-cash accretion, amortization or write-off of debt or lease obligations assumed as part of the 2017 merger with Navig8 Product Tankers Inc. ("NPTI"), which were recorded at fair value upon closing, (ii) amortization and write-offs of deferred financing fees, (iii) accretion of our Convertible Notes Due 2022 and Convertible Notes Due 2025 of $1.4 million and $6.3 million, respectively, and (iv) the impact of the repurchases of our Convertible Notes Due 2025 (described below). Interest expense on all of our borrowings that has been incurred and is unpaid as of June 30, 2022 is accrued within Accrued Expenses (see Note 10). We were in compliance with all of the financial covenants set forth under the above borrowing arrangements as of June 30, 2022. Drawdowns from existing facilities In March and June 2022, we drew down an aggregate $5.1 million from our BNPP Sinosure Credit Facility ($2.2 million and $2.9 million for the Sinosure and the commercial portions of the credit facility, respectively) to partially finance the purchase and installation of scrubbers on two LR1 product tankers and one LR2 product tanker. These borrowings bear interest at LIBOR plus a margin of 1.80% for the Sinosure portion and 2.80% for the commercial portion. As a result of these drawdowns, the scheduled semi-annual principal payments on this facility increased by $0.3 million to $5.5 million (for all tranches drawn). Secured Debt Credit Agricole Credit Facility During the six months ended June 30, 2022, we repaid an aggregate amount of $72.0 million in connection with the sales of STI Excelsior, STI Exceed, STI Expedite and STI Excel . We wrote off an aggregate of $0.5 million of unamortized discounts as a result of these transactions that were initially recorded as part of the purchase price allocation for the 2017 merger with NPTI. This facility has been fully repaid as a result of these repayments. Citibank / K-Sure Credit Facility During the six months ended June 30, 2022, we repaid an aggregate amount of $77.3 million in connection with the sales of STI Executive, STI Excellence, STI Express and STI Experience . We wrote off an aggregate of $0.2 million of unamortized discounts as a result of these transactions that were initially recorded as part of the purchase price allocation for the 2017 merger with NPTI. This facility has been fully repaid as a result of these repayments. 2020 $225.0 Million Credit Facility During the six months ended June 30, 2022, we repaid an aggregate amount of $79.1 million in connection with the sales of STI Pride, STI Providence, STI Saville Row and STI Carnaby . We wrote off an aggregate of $1.2 million of unamortized deferred financing fees as a result of these transactions. 2021 $43.6 Million Credit Facility During the six months ended June 30, 2022, we repaid an aggregate amount of $41.9 million in connection with the sales of STI Prestige and STI Precision . We wrote off an aggregate of $0.5 million of unamortized deferred financing fees as a result of these transactions. This facility has been fully repaid as a result of these repayments. Lease Financing 2022 AVIC Lease Financing In May and June 2022, we closed on the sale and leaseback of two MR product tankers ( STI Gramercy and STI Queens ) and two LR2 product tankers ( STI Selatar and STI Oxford ) with AVIC International Leasing Co., Ltd. for aggregate proceeds of $118.4 million (the “2022 AVIC Lease Financing”). We repaid the outstanding indebtedness of $90.2 million related to these vessels on the $116.0 Million Lease Financing as part of these transactions. Additionally, we wrote off $0.5 million of deferred financing fees and incurred $0.4 million of debt extinguishment costs on the $116.0 Million Lease Financing as a result of these transactions. Under the 2022 AVIC Lease Financing, each vessel is subject to a nine Our 2022 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 110% of the then aggregate outstanding principal amount. AVIC Lease Financing In February 2022, we repaid $17.2 million in connection with the sale of STI Fontvieille . We wrote off $0.1 million of deferred financing fees and incurred $0.2 million of debt extinguishment fees as a result of this transaction. $157.5 Million Lease Financing In June 2022, we repaid $14.2 million in connection with the sale of STI Benicia . We wrote off $0.1 million of deferred financing fees and incurred $0.2 million of debt extinguishment fees as a result of this transaction. $670 Million Lease Financing In April 2022, we repaid $25.6 million in connection with the sale of STI Majestic . We incurred $0.4 million of debt extinguishment fees as a result of this transaction. Unsecured debt Unsecured Senior Notes Due 2025 During the six months ended June 30, 2022, we issued $0.4 million aggregate principal amount of additional Senior Notes Due 2025 for aggregate net proceeds (net of sales agent commissions and offering expenses) of $0.4 million under the note distribution agreement that was entered into in January 2021 (the "Distribution Agreement"). The Distribution Agreement was terminated in March 2022. Convertible Notes Due 2022 In May 2022, we repaid the aggregate outstanding principal balance of $69.7 million on our Convertible Notes Due 2022 upon their maturity. Convertible Notes Due 2025 In May 2022, we repurchased an aggregate $10.8 million face value of our Convertible Notes Due 2025 in the open market at an average price of $1,158.94 per $1,000 principal amount, or $12.6 million. The consideration paid includes the accreted principal balance, which has accrued since the issuance date and equaled approximately 106% of par at the May repurchase dates. As a result of these transactions, we reduced the liability and equity components of the Convertible Notes Due 2025 by $11.2 million and $1.7 million, respectively, and recorded a gain of $0.4 million, which is recorded within financial income of the unaudited condensed consolidated statement of income or loss. We also wrote off $0.1 million of deferred financing fees as a result of these transactions. Convertible Notes conversion rate adjustments On March 2, 2022, the conversion rate of our Convertible Notes Due 2022 and Convertible Notes Due 2025 were adjusted to reflect the payment of a cash dividend on March 15, 2022 to all shareholders of record as of March 2, 2022. The new conversion rate for the Convertible Notes due 2022 and 2025 was 27.3142 of our common shares, representing an increase of the prior conversion rate of 0.1571 for each $1,000 principal amount of the Convertible Notes due 2022 and 2025. On May 20, 2022, the conversion rate of our Convertible Notes Due 2025 was adjusted to reflect the payment of a cash dividend on June 15, 2022 to all shareholders of record as of May 20, 2022. The new conversion rates for each of the Convertible Notes Due 2025 was 27.4083 of our common shares, representing an increase of the prior conversion rate of 0.0941 for each $1,000 principal amount of the Convertible Notes Due 2025.

Common shares

Common shares	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangements [Abstract]
Common shares	Common shares 2013 Equity Incentive Plan In April and May 2022, we issued an aggregate of 1,047,997 shares of restricted stock to certain of our employees, SSH employees, and independent directors for no cash consideration. The share price on the issuances dates was $21.33 and $26.11 per share, respectively. The vesting schedule for these restricted shares for employees and SSH employees is (i) one-third of the shares vest on September 3, 2024, (ii) one-third of the shares vest on September 2, 2025, and (iii) one-third of the shares vest on September 1, 2026. The vesting schedule for these restricted shares for independent directors is (i) one-third of the shares vest on December 1, 2022, (ii) one-third of the shares vest on December 1, 2023, and (iii) one-third of the shares vest on December 1, 2024. The following is a summary of activity for awards of restricted stock that have been granted under our equity incentive plan during the six months ended June 30, 2022. Number of Shares Weighted Average Grant Date Fair Value Outstanding and non-vested, December 31, 2021 2,997,992 $ 23.27 Granted 1,047,997 21.39 Vested (484,380) 25.96 Forfeited (2,500) 16.66 Outstanding and non-vested, June 30, 2022 3,559,109 $ 22.35 As of June 30, 2022, there were 3,559,109 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 From July 1, 2022 through December 31, 2022 $ 8,761 $ 961 $ 9,722 For the year ending December 31, 2023 13,198 703 13,901 For the year ending December 31, 2024 7,910 222 8,132 For the year ending December 31, 2025 3,427 — 3,427 For the year ending December 31, 2026 1,095 — 1,095 $ 34,391 $ 1,886 $ 36,277 Dividend Payments In February 2022, our Board of Directors declared a quarterly cash dividend of $0.10 per common share, which was paid on March 15, 2022 to all shareholders of record as of March 2, 2022. In April 2022, our Board of Directors declared a quarterly cash dividend of $0.10 per common share, which was paid on June 15, 2022 to all shareholders of record as of May 20, 2022. $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) and Convertible Notes Due 2025. Any future purchases of the securities will be made under the $250 Million Securities Repurchase Program. In May 2022, we repurchased $10.8 million in aggregate principal amount of our Convertible Notes Due 2025 in the open market for $12.5 million. The consideration paid includes the accreted principal balance, which has accrued since the issuance date and equaled approximately 106% of par on the date of purchase. As of June 30, 2022, there is $237.5 million available under the $250 Million Securities Repurchase Program. There were 7,519,324 common shares held in treasury at June 30, 2022 and December 31, 2021, respectively. Shares outstanding

Related party transactions

Related party transactions	6 Months Ended
	Jun. 30, 2022
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 2022 2021 Pool revenue (1) Scorpio MR Pool Limited $ 271,013 $ 131,272 Scorpio LR2 Pool Limited 175,421 88,278 Scorpio Handymax Tanker Pool Limited 34,190 25,783 Scorpio LR1 Pool Limited 11,169 23,344 Voyage expenses (2) (2,404) (466) Vessel operating costs (3) (16,618) (17,846) Administrative expenses (4) (6,665) (6,790) Purchases of bunkers (5) (10,793) (1,695) (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) Related party expenditures included within voyage expenses in the unaudited condensed consolidated statements of income or loss consist of expenses due to SCM, a related party, 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. Voyage expenses also consist of $0.8 million charged by a related party port agent during the six months ended June 30, 2022. No amount was charged during the six months ended June 30, 2021. (3) 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 $15.6 million and $16.4 million charged by SSM (or its affiliates), a related party, during the six months ended June 30, 2022 and 2021, 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 $73.0 million and $75.6 million during the six months ended June 30, 2022 and 2021, 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 $1.0 million and $1.5 million charged by a related party port agent during the six months ended June 30, 2022 and 2021, respectively. SSH has a majority equity interest in a port agent that provides supply and logistical services for vessels operating in its regions. (4) 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, 2022 of $6.7 million included (i) administrative fees of $5.7 million charged by SSH, (ii) restricted stock amortization of $0.9 million, which relates to the issuance of an aggregate of 493,300 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 $8,443 to SSH and $25,834 to SCM. • 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. (5) These amounts represent bunkers purchased from a related party which, for vessels operating in the spot market, are initially recorded as part of inventory on the balance sheet prior to being consumed. 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, 2022 December 31, 2021 Assets: Accounts receivable (due from the Scorpio Pools) (1) $ 193,905 $ 36,216 Accounts receivable and prepaid expenses (SSM) (2) 5,741 3,426 Other assets (pool working capital contributions) (3) 61,561 73,161 Liabilities: Accounts payable and accrued expenses (owed to the Scorpio Pools) 1,892 2,548 Accounts payable and accrued expenses (SHL) 1,706 — Accounts payable and accrued expenses (SSM) 961 9,844 Accounts payable and accrued expenses (related party port agent) 898 674 Accounts payable and accrued expenses (SCM) 793 25 Accounts payable and accrued expenses (related party bunker supplier) 717 — Accounts payable and accrued expenses (SSH) 541 1,888 (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. If a vessel has been sold or is held for sale, we classify these contributions as current. • 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 transactions In August 2021, we acquired a minority interest in a portfolio of nine product tankers, consisting of five dual-fuel MR methanol tankers (built between 2016 and 2021) along with four ice class 1A LR1 product tankers (two of which were sold in 2021). The remaining two LR1 tankers that are part of this joint venture are commercially and technically managed by SCM and SSM, respectively. During the six months ended June 30, 2022, we entered into agreements to sell 18 vessels, consisting of three LR2s, 12 LR1s and three MRs. Pursuant to the Revised Master Agreement with SCM and SSM, in the event of the sale of one or more vessels, a notice period of three months and a payment equal to three months of commercial and technical management fees would be due and payable upon the sales of these vessels. Sixteen of these sales closed during the six months ended June 30, 2022 (two LR2s, 12 LR1s and two MRs). Termination fees of $1.7 million and $1.0 million were paid to SCM and SSM respectively, during the six months ended June 30, 2022 as a result of 12 of these sales. Additionally, $0.3 million and $0.5 million to SSM and SCM, respectively, remained payable (and have been recorded within Accounts Payable) as of June 30, 2022 as a result of the remaining four vessel sales. The termination fees for the two vessels which had not closed as of June 30, 2022 are estimated to be $0.2 million and $0.3 million due to SSM and SCM, respectively. SSH also owns a non-controlling 7.5% interest in the buyer of one of the MR product tankers (STI Benicia.). Key management remuneration The table below shows key management remuneration for the six months ended June 30, 2022 and 2021: For the six months ended June 30, In thousands of U.S. dollars 2022 2021 Short-term employee benefits (salaries) $ 9,258 $ 2,663 Share-based compensation (1) 7,444 9,278 Total $ 16,702 $ 11,941 (1) Represents the amortization of restricted stock issued under the Plan as described in Note 12. 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, 2022
Disclosure of operating segments [abstract]
Segment reporting	Segment reporting Information about our reportable segments for the six months ended June 30, 2022 and 2021 is as follows: For the six months ended June 30, 2022 In thousands of U.S. dollars LR1 Handymax LR2 MR Reportable segments subtotal Corporate and eliminations Total Vessel revenue $ 11,169 $ 88,508 $ 189,950 $ 289,493 $ 579,120 $ — $ 579,120 Vessel operating costs (8,847) (17,460) (55,077) (80,371) (161,755) — (161,755) Voyage expenses — (15,634) (4,743) (5,131) (25,508) — (25,508) Depreciation - owned or sale and leaseback vessels (1,593) (10,351) (38,049) (35,166) (85,159) — (85,159) Depreciation - right of use assets for vessels — — (4,169) (15,319) (19,488) — (19,488) General and administrative expenses (335) (684) (2,051) (3,008) (6,078) (29,179) (35,257) Loss on sale of vessels (44,560) — (15,093) (9,565) (69,218) — (69,218) Financial expenses — — — — — (78,710) (78,710) Financial income 20 — — 314 334 690 1,024 Other income and (expense), net — — — — — 1,634 1,634 Segment (loss) / income $ (44,146) $ 44,379 $ 70,768 $ 141,247 $ 212,248 $ (105,565) $ 106,683 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)

Vessel revenue

Vessel revenue	6 Months Ended
	Jun. 30, 2022
Analysis of income and expense [abstract]
Vessel revenue	Vessel revenue During the six months ended June 30, 2022, we had two vessels that earned revenue through long-term time charter contracts (with initial terms of one year or greater). During the six months ended June 30, 2021, we did not have any vessels that earned revenue through long-term time charter contracts. 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 2022 2021 Pool revenue $ 491,793 $ 268,677 Voyage revenue (spot market) 86,252 4,930 Time charter revenue 1,075 — $ 579,120 $ 273,607 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. Revenue for the six months ended June 30, 2022 reflected a structural change in the supply and demand balance for product tankers. A confluence of events served as a catalyst to a substantial increase in ton-mile demand beginning in March 2022. First, the continued easing of COVID-19 restrictions around the globe resulted in increased personal mobility thus stimulating underlying demand for refined petroleum products. Second, record refining margins combined with low global refined petroleum product inventories incentivized refiners to increase and maintain high utilization levels, which have driven substantial increases in refined petroleum product export volumes throughout the world. Third, the volatility brought on by the ongoing conflict in Ukraine has disrupted supply chains for crude oil and refined petroleum products, changing volumes and trade routes, and thus increasing ton-mile demand for refined petroleum products. These dynamics led to a significant increase in pool and voyage revenue for the six months ended June 30, 2022. Additionally, as detailed below, we entered into long-term time charter contracts on certain of our vessels during the period. The increase in voyage revenue (and also, voyage expenses) is also attributable to an increase in the number of vessels trading outside of the Scorpio pools during the six months ended June 30, 2022. Revenue for the six months ended June 30, 2021, reflected the adverse market conditions brought on by the COVID-19 pandemic. Demand for crude and refined petroleum products improved during this period but nevertheless remained below pre-pandemic levels given the efforts around the world at that time to control the spread of the virus, particularly in countries with low vaccine uptake. Additionally, consumption was driven by drawdowns from existing inventories, which had an adverse impact on the demand for the seaborne transportation of refined petroleum products. 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, 2022 and 2021. 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 2022 2021 Lease component of revenue from time charter-out and pool revenue $ 303,268 $ 141,722 Non-lease component of revenue from time charter-out and pool revenue 189,600 126,955 $ 492,868 $ 268,677 During the six months ended June 30, 2022, we entered into time charter-out agreements on eight vessels, two of which commenced during the period. The terms of the agreements, including when the time charters commenced, are summarized as follows: Vessel Vessel class Term Rate Commencement date STI Gratitude LR2 Three years $28,000/day May 2022 STI Memphis MR Three years $21,000/day June 2022 STI Marshall MR Three years $23,000/day July 2022 STI Magnetic MR Three years $23,000/day July 2022 STI Gladiator LR2 Three years $28,000/day July 2022 STI Guide LR2 Three years $28,000/day July 2022 STI Guard LR2 Five years $28,000/day July 2022 STI Miracle MR Three years $21,000/day August 2022 We had no vessels on long-term time charter-out arrangements during the six months ended June 30, 2021.

Crewing costs

Crewing costs	6 Months Ended
	Jun. 30, 2022
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, 2022 and 2021, respectively. For the six months ended June 30, In thousands of US dollars 2022 2021 Short-term crew benefits (i.e. wages, victualing, insurance) $ 81,510 $ 85,799 Other crew related costs 12,775 11,740 $ 94,285 $ 97,539

Financial expenses

Financial expenses	6 Months Ended
	Jun. 30, 2022
Analysis of income and expense [abstract]
Financial expenses	Financial expenses The following table summarizes our financial expenses for the six months ended June 30, 2022 and 2021, respectively. For the six months ended June 30, In thousands of U.S. dollars 2022 2021 Interest expense, net of capitalized interest (1) $ 60,300 $ 57,888 Write-offs of deferred financing fees and debt extinguishment costs (2) 5,784 1,326 Accretion of convertible notes 7,747 5,384 Amortization of deferred financing fees 3,483 3,689 Accretion of premiums and discounts on assumed debt 1,396 1,686 Total financial expenses $ 78,710 $ 69,973 (1) The increase in interest expense, net of capitalized interest, for the six months ended June 30, 2022, was primarily attributable to an increase in LIBOR rates as compared to the six months ended June 30, 2021, which was partially offset by a reduction in the average debt balance to $2.9 billion for the six months ended June 30, 2022 from $3.1 billion for the six months ended June 30, 2021. The reduction in the average debt balance was primarily due to (i) the vessels sales (and corresponding debt repayments) described in Note 4, and (ii) the repayment of $69.7 million of our Convertible Notes Due 2022 upon maturity in May 2022. LIBOR rates during the six months ended June 30, 2021 were at historically low levels given the ongoing headwinds caused by COVID-19 pandemic at the time. During the six months ended June 30, 2022, LIBOR rates began to increase as central banks around the world began raising benchmark interest rates in an effort to stem the rise in inflation. (2) The write-offs of deferred financing fees and debt extinguishment costs during the six months ended June 30, 2022 include (i) $3.8 million of write-offs of deferred financing fees related to the refinancing of existing indebtedness on certain vessels, the repayment of debt on vessels prior to sale and the expiration of the availability period on certain facilities, (ii) $0.7 million of write-offs of the discounts related to the repayment of debt on certain vessels prior to sale, and (iii) $1.2 million of debt extinguishment costs related to the refinancing of the existing indebtedness on certain vessels and the repayment of debt of vessels prior to their sale. The write-offs of deferred financing fees and debt extinguishment costs during the six months ended June 30, 2021 relates to the write-offs of deferred financing fees related to the refinancing of existing indebtedness.

Earnings _ (loss) per share

Earnings / (loss) per share	6 Months Ended
	Jun. 30, 2022
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 2022 2021 Net income / (loss) attributable to equity holders of the parent - basic $ 106,683 $ (115,176) Convertible notes interest expense 12,032 — Net income / (loss) attributable to equity holders of the parent - diluted $ 118,715 $ (115,176) Basic weighted average number of shares 55,502,389 54,388,504 Effect of dilutive potential basic shares: Restricted stock 2,283,834 — Convertible notes 6,825,428 — 9,109,262 — Diluted weighted average number of shares 64,611,651 54,388,504 Earnings / (Loss) Per Share: Basic $ 1.92 $ (2.12) Diluted $ 1.84 $ (2.12) During the six months ended June 30, 2022, the inclusion of potentially dilutive shares relating to unvested restricted stock and our Convertible Notes Due 2022 and Convertible Notes Due 2025 were included in the computation of diluted earnings per share because their effect was dilutive. The inclusion of potentially dilutive shares of unvested restricted stock reflects the dilutive impact of 3,559,109 unvested restricted stock. The inclusion of potentially dilutive shares relating to our Convertible Notes Due 2022 and Convertible Notes Due 2025 represents the potentially dilutive shares arising from these instruments for an aggregate of 7,225,427 shares. The Convertible Notes Due 2022 (representing 1,903,663 of these potentially dilutive shares) matured in May 2022 and were repaid in cash. Accordingly, the potentially dilutive impact of this instrument is included in the weighted average number of shares for a portion of the period, through the maturity date. 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, 2022
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, 2022 and December 31, 2021, respectively, are shown in the table below. Categories of Financial Instruments As of June 30, 2022 As of December 31, 2021 Amounts in thousands of U.S. dollars Fair value Carrying Value Fair value Carrying Value Financial assets Cash and cash equivalents (1) $ 359,528 $ 359,528 $ 230,415 $ 230,415 Restricted cash (2) 783 783 4,791 4,791 Loans and receivables (3) 206,456 206,456 38,069 38,069 Investment in ballast water treatment supplier (4) 1,751 1,751 1,751 1,751 Working capital contributions to Scorpio Pools (5) 61,561 61,561 73,161 73,161 Sellers credit on sale leaseback vessels (6) 11,107 11,107 10,793 10,793 Financial liabilities Accounts payable (7) $ 12,866 $ 12,866 $ 35,080 $ 35,080 Accrued expenses (7) 43,446 43,446 24,906 24,906 Secured bank loans (8) 279,933 279,933 566,310 566,310 Sale and leaseback liability (9) 1,546,543 1,546,432 1,648,993 1,639,991 IFRS 16 - Lease liability (10) 522,478 522,809 575,834 575,377 Unsecured Senior Notes Due 2025 (11) 70,712 70,571 69,366 70,209 Convertible Notes Due 2022 (12) — — 69,059 69,695 Convertible Notes Due 2025 (12) 222,668 202,111 195,438 208,133 (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 owned vessels, excluding those classified as held for sale, 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 $3.8 million and $6.4 million of unamortized deferred financing fees as of June 30, 2022 and December 31, 2021, 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 $12.2 million and $13.1 million of unamortized deferred financing fees as of June 30, 2022 and December 31, 2021, 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, 2022 and December 31, 2021. 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 $2.0 million of deferred financing fees and $0.1 million of unamortized discount on the unaudited condensed consolidated balance sheet as of June 30, 2022. The Senior Notes Due 2025 are shown net of $2.3 million of deferred financing fees and $0.2 million of unamortized discount on the audited condensed consolidated balance sheet as of December 31, 2021. 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 2025 shown in the table above is their face value. The liability components of the Convertible Notes Due 2025 have been recorded within Long-term debt on the unaudited condensed consolidated balance sheet as of June 30, 2022. The equity component of the 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. In May 2022, we repaid the aggregate outstanding principal balance of our Convertible Notes Due 2022 upon their maturity. 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 2021 $21.0 Million Credit Facility for $17.5 million is scheduled to mature in December 2022. While we believe our current financial position is adequate to address the maturity of this facility, a deterioration in economic conditions could cause us to pursue other means to raise liquidity, such as through the sale or refinancing of certain vessels, to meet this obligation. Economic conditions and COVID-19 risks Since the beginning of calendar year 2020, the outbreak of the COVID-19 virus resulted in a significant reduction in global economic activity and extreme volatility in the global financial markets, the effects of which continued throughout 2021. The easing of restrictive measures that were put in place to combat the spread of the virus, and the successful roll-out of vaccines served as a catalyst for an economic recovery in many countries throughout the world, which has, in part, led to a vastly improved financial performance during the six months ended June 30, 2022. Nevertheless, we expect that the COVID-19 virus will continue to cause volatility in the commodities markets in the future. In particular, the spread of more contagious and vaccine resistant variants, along with the continued implementation of restrictive measures by governments in certain parts of the world, have hampered a full re-opening of the global economy. The scale and duration of these circumstances is unknowable but could have a material impact on our earnings, cash flow and financial condition. An estimate of the impact on our results of operations, financial condition, and future performance cannot be made at this time. Conflict in Ukraine and related risks The ongoing military conflict in Ukraine has had a significant direct and indirect impact on the trade of refined petroleum products. This conflict has resulted in the United States, United Kingdom, and the European Union, among other countries, implementing sanctions and executive orders against citizens, entities, and activities connected to Russia. Some of these sanctions and executive orders target the Russian oil sector, including a prohibition on the import of oil from Russia to the United States or the United Kingdom, and the European Union’s recent ban on Russian crude oil and petroleum products which took effect, or are scheduled to take effect in December 2022 and February 2023, respectively. We cannot foresee what other sanctions or executive orders may arise that affect the trade of petroleum products. Furthermore, the conflict and ensuing international response has disrupted the supply of Russian oil to the global market, and as a result, the price of oil and petroleum products has experienced significant volatility. We cannot predict what effect the higher price of oil and petroleum products will have on demand, and it is possible that the current conflict in Ukraine could adversely affect our financial condition, results of operations, and future performance.

General and administrative expe

General and administrative expenses	6 Months Ended
	Jun. 30, 2022
Analysis of income and expense [abstract]
General and administrative expenses	General and administrative expensesGeneral and administrative expenses increased by $8.4 million to $35.3 million from $26.9 million for the six months ended June 30, 2022 and 2021, respectively. This increase was primarily driven by an increase in compensation expenses.

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2022
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	Subsequent events Declaration of dividend In July 2022, our Board of Directors declared a quarterly cash dividend of $0.10 per common share, which was paid on September 15, 2022 to all shareholders of record as of August 11, 2022. Vessels sales In July 2022, we closed on the sale of the MR tanker, STI Benicia . In advance of the closing of the sale, we repaid the aggregate outstanding lease obligation of $14.2 million relating to this vessel on the $157.5 Million Lease Financing in June 2022. In August 2022, we closed on the sale of the LR2 tanker, STI Nautilus. In advance of the closing of the sale, we repaid the outstanding balance of $20.0 million relating to this vessel on the 2020 $225.0 Million Credit Facility in July 2022. Repurchase of Common Shares In July, September, and October 2022, we repurchased an aggregate of 1,397,220 of our common shares in the open market at an average price of $38.32 per share. In August 2022, we repurchased 1,293,661 of our common shares from Eneti Inc., a related party, at $38.65 per share. Repurchase of Convertible Notes Due 2025 In July 2022, we repurchased $1.5 million face value of our Convertible Notes Due 2025 in the open market at an average price of $1,145.00 per $1,000.00 principal amount, or $1.7 million. The consideration paid includes the accreted principal balance, which has accrued since the issuance date and equaled approximately 107% as of the repurchase date. Exercise of Purchase Options on Six Leased Vessels In August 2022, we exercised the purchase options on six 2014 built MR product tankers that were previously financed under the China Huarong Lease Financing ( STI Opera, STI Virtus, STI Venere, STI Aqua, STI Dama , and STI Regina ) and repaid the aggregate outstanding lease obligation of $95.0 million as part of these transactions. Exercise of Purchase Options on Nine Leased Vessels In September 2022, we gave notice to exercise the purchase options on two Handymax product tankers ( STI Battersea and STI Wembley ), four MR product tankers (STI Ville, STI Texas City, STI Meraux and STI Brooklyn ), and three LR2 product tankers ( STI Rose, STI Rambla and STI Sanctity ). These vessels are currently financed under the AVIC Lease Financing, the COSCO Lease Financing and the Ocean Yield Lease Financing. The purchases, which are expected to occur in the fourth quarter of 2022 and the first quarter of 2023, are expected to result in an aggregate debt reduction of $160.8 million. Time Charter Out Agreements In July 2022, we entered into a time charter-out agreement on an LR2 product tanker, STI Goal , for three years at the rate of $30,380 per day. The charterer has the option to extend the term of this agreement for an additional year at $32,380 per day. If this option is declared, the charterer has the option to further extend the term of this agreement for an additional year at $34,380 per day. In August 2022, we entered into a time charter-out agreement on a LR2 product tanker, STI Lombard , for three years at the rate of $32,750 per day. The charterer has the option to extend the term of this agreement for an additional year at $34,750 per day. If this option is declared, the charterer has the option to further extend the term of this agreement for an additional year at $36,750 per day. In September 2022, we entered into a time charter-out agreement on an LR2 product tanker, STI Gauntlet

General information and signi_2

General information and significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2022
Corporate Information And Statement Of IFRS Compliance [Abstract]
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, 2022 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 19. 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. Based on internal forecasts and projections that take into account reasonably possible changes in our trading performance, we believe that we have adequate financial resources to continue in operation and meet our financial commitments (including, but not limited to, debt service and lease financing obligations) 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.
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, 2022 and 2021.
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.

Accounts receivable (Tables)

Accounts receivable (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 and December 31, 2021: As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 Scorpio MR Pool Limited $ 98,508 $ 16,414 Scorpio LR2 Pool Limited 86,632 14,344 Scorpio LR1 Pool Limited 3,104 3,079 Scorpio Handymax Tanker Pool Limited 5,661 2,379 Receivables from related parties 193,905 36,216 Freight and time charter receivables 12,379 820 Insurance receivables 119 905 Other receivables 53 128 $ 206,456 $ 38,069

Prepaid expenses and other as_2

Prepaid expenses and other assets (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 and December 31, 2021: As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 SSM - prepaid vessel operating expense $ 5,741 $ 3,426 Third party - prepaid vessel operating expenses 3,206 2,610 Prepaid insurance 1,735 880 Other prepaid expenses 1,856 1,038 $ 12,538 $ 7,954

Assets held for sale and Vess_2

Assets held for sale and Vessels and drydock (Tables)	6 Months Ended
	Jun. 30, 2022
Property, plant and equipment [abstract]
Operating vessels rollforward	The following is a rollforward of the activity within Vessels and drydock from January 1, 2022 through June 30, 2022. In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2022 $ 4,782,886 $ 135,471 $ 4,918,357 Additions (1) 16,713 8,860 25,573 Disposal of vessels (2) (758,250) (22,641) (780,891) Fully depreciated assets (3) — (3,222) (3,222) As of June 30, 2022 4,041,349 118,468 4,159,817 Accumulated depreciation As of January 1, 2022 (1,020,407) (55,879) (1,076,286) Charge for the period (73,515) (11,644) (85,159) Disposal of vessels (2) 136,581 6,560 143,141 Fully depreciated assets (3) — 3,222 3,222 As of June 30, 2022 (957,341) (57,741) (1,015,082) Net book value As of June 30, 2022 $ 3,084,008 $ 60,727 $ 3,144,735 Net book value As of December 31, 2021 $ 3,762,479 $ 79,592 $ 3,842,071 (1) Additions during the six months ended June 30, 2022 primarily relate to the various costs relating to drydocks, ballast water treatment systems, and scrubber installations. (2) Represents the net book value of 17 vessels, consisting of three LR2s ( STI Savile Row, STI Carnaby and STI Nautilus ), 12 LR1s ( STI Excelsior, STI Executive, STI Excellence, STI Pride, STI Providence, STI Prestige, STI Experience, STI Express, STI Exceed, STI Excel, STI Expedite , and STI Precision ), and two MRs ( STI Fontvieille and STI Benicia ) which were contracted to be sold during the six months ended June 30, 2022. These transactions are described above.
Summary of cost capitalized	The following is a summary of the cost types that were capitalized during the six months ended June 30, 2022: 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 $ 8,710 $ 150 $ 8,860 $ 14,003 $ 2,349 $ 268 $ 93 $ 16,713
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, 2022 (1) : In thousands of U.S. dollars As of June 30, 2022 Less than 1 month $ — 1-3 months 3,187 3 months to 1 year 8,712 1-5 years 3,154 5+ years — Total $ 15,053 (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, 2022
Disclosure of quantitative information about right-of-use assets [abstract]
Disclosure of quantitative information about right-of-use assets	The following is the activity of the right of use assets from January 1, 2022 through June 30, 2022: In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2022 $ 836,246 $ 23,562 $ 859,808 Disposal of vessels (1) (38,163) (985) (39,148) As of June 30, 2022 798,083 22,577 820,660 Accumulated depreciation and impairment As of January 1, 2022 (84,221) (11,562) (95,783) Charge for the period (17,055) (2,433) (19,488) Disposal of vessels (1) 3,247 529 3,776 As of June 30, 2022 (98,029) (13,466) (111,495) Net book value As of June 30, 2022 $ 700,054 $ 9,111 $ 709,165 Net book value As of December 31, 2021 $ 752,025 $ 12,000 $ 764,025 (1) Represents the net book value of one MR (S TI Majestic ) which was contracted to be sold during the six months ended June 30, 2022. This transaction is described in Note 4. The following table summarizes the payments made for the six months ended June 30, 2022 and June 30, 2021 relating to lease liabilities accounted for under IFRS 16 - Leases : For the six months ended June 30, In thousands of U.S. dollars 2022 2021 Interest expense recognized in the unaudited condensed consolidated statements of income or loss $ 12,328 $ 12,096 Principal repayments recognized in unaudited condensed consolidated cash flow statements 52,568 28,674 Net (increase) / decrease in accrued interest expense (70) 39 Net decrease in prepaid interest expense — (45) Total payments on lease liabilities under IFRS 16 $ 64,826 $ 40,764
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, 2022 Less than 1 year $ 82,984 1 - 5 years 271,610 5+ years 300,808 Total $ 655,402 Discounting effect (131,813) Prepaid interest expense (780) Lease liability $ 522,809

Other assets (Tables)

Other assets (Tables)	6 Months Ended
	Jun. 30, 2022
Subclassifications of assets, liabilities and equities [abstract]
Schedule of other non-current assets	As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 Scorpio LR2 Pool Ltd. pool working capital contributions (1) $ 32,300 $ 35,700 Scorpio MR Tanker Pool Ltd. pool working capital contributions (1) 23,600 25,200 Scorpio Handymax Tanker Pool Ltd. pool working capital contributions (1) 5,661 5,661 Scorpio LR1 Pool Ltd. pool working capital contributions (1) — 6,600 Working capital contributions to Scorpio Pools 61,561 73,161 Seller's credit on sale leaseback vessels (2) 11,107 10,793 Deposits for scrubbers (3) 9,737 15,840 Investment in dual fuel tanker joint venture (4) 5,629 5,736 Investment in BWTS supplier (5) 1,751 1,751 Capitalized loan fees 3 1,635 Other — 47 Other assets $ 89,788 $ 108,963 (1) Upon entrance into the Scorpio LR2, LR1, MR, and Handymax 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 consolidated balance sheets. For 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. For vessels designated as held for sale, we classify the amounts as current (within accounts receivable). (2) 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, 2022 and 2021. (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). In April 2020, we reached an agreement to postpone the purchase and installation of scrubbers on 19 of our vessels. In February 2021, we signed an agreement to retain the option to purchase these scrubbers through February 2023. In August 2021, we declared options to purchase and install scrubbers on six vessels (five LR1s and an LR2). Deposits paid for these systems are reflected as investing cash flows within the unaudited condensed consolidated statement of cash flows. (4) In August 2021, we acquired a minority interest in a portfolio of nine product tankers, consisting 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 (two of which were sold during the fourth quarter of 2021). The dual-fuel MR methanol tankers are currently on long-term time charter contracts greater than five years. 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 for final consideration of $6.7 million. We account for our interest in this joint venture using the equity method pursuant to IFRS 11 - Joint arrangements. Under this guidance, the investment is initially measured at cost, and the carrying amount of the investment is adjusted in subsequent periods based on our share of profits or losses from the joint venture (adjusted for any fair value adjustments made upon initial recognition). Any distributions received from the joint venture reduce the carrying amount. We recorded $0.1 million as our share of net income resulting from this joint venture during the six months ended June 30, 2022. Additionally, the joint venture issued a cash distribution of $0.2 million during this period.

Accounts payable (Tables)

Accounts payable (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 and December 31, 2021: As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 Scorpio LR2 Pool Limited $ 1,174 $ 1,076 Scorpio Ship Management S.A.M. (SSM) 932 9,684 Scorpio Commercial Management S.A.M. (SCM) 791 25 Amounts due to a related party bunker supplier 717 — Scorpio MR Pool Limited 716 62 Scorpio Services Holding Limited (SSH) 541 1,888 Amounts due to a related party port agent 183 257 Scorpio Handymax Tanker Pool Limited 2 625 Scorpio LR1 Pool Limited — 785 Accounts payable to related parties 5,056 14,402 Suppliers 7,810 20,678 $ 12,866 $ 35,080

Accrued expenses (Tables)

Accrued expenses (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 and December 31, 2021: As of In thousands of U.S. dollars June 30, 2022 December 31, 2021 Scorpio Holdings Limited $ 1,706 $ — Accrued expenses to a related party port agent 715 417 Scorpio Ship Management S.A.M (SSM) 29 161 Scorpio Commercial Management S.A.M. (SCM) 2 — Accrued expenses to related parties 2,452 578 Suppliers 21,543 15,193 Accrued short-term employee benefits 12,538 3,908 Accrued interest 5,796 5,156 Deferred income 915 — Other accrued expenses 202 71 $ 43,446 $ 24,906

Current and long-term debt (Tab

Current and long-term debt (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022: Activity Balance as of June 30, 2022 consists of: In thousands of U.S. dollars Carrying Value as of December 31, 2021 Drawdowns Repayments Other Activity (1) Carrying Value as of June 30, 2022 Current Non-Current Credit Agricole Credit Facility 72,838 — (73,591) 753 — — — Citibank / K-Sure Credit Facility 77,781 — (78,401) 620 — — — Hamburg Commercial Credit Facility 37,024 — (1,646) — 35,378 3,292 32,086 Prudential Credit Facility 44,832 — (2,773) — 42,059 5,546 36,513 2019 DNB / GIEK Credit Facility 45,450 — (3,556) — 41,894 7,113 34,781 BNPP Sinosure Credit Facility 86,314 5,075 (5,359) — 86,030 10,909 75,121 2020 $225 Million Credit Facility 145,636 — (85,330) — 60,306 25,108 35,198 2021 $21.0 Million Credit Facility 19,245 — (1,170) — 18,075 18,075 — 2021 $43.6 Million Credit Facility 43,550 — (43,550) — — — — Ocean Yield Lease Financing 126,334 — (5,659) 86 120,761 11,519 109,242 BCFL Lease Financing (LR2s) 77,604 — (5,538) 238 72,304 10,593 61,711 CSSC Lease Financing 132,957 — (7,281) 396 126,072 14,282 111,790 BCFL Lease Financing (MRs) 68,888 — (7,705) — 61,183 16,143 45,040 2018 CMBFL Lease Financing 111,986 — (6,504) — 105,482 13,007 92,475 $116.0 Million Lease Financing 95,789 — (95,789) — — — — AVIC Lease Financing 106,405 — (22,938) — 83,467 11,396 72,071 China Huarong Lease Financing 103,416 — (8,416) — 95,000 95,000 — $157.5 Million Lease Financing 109,657 — (20,835) — 88,822 12,200 76,622 COSCO Lease Financing 61,050 — (3,850) — 57,200 7,700 49,500 2020 CMBFL Lease Financing 41,332 — (1,621) — 39,711 3,242 36,469 2020 TSFL Lease Financing 43,928 — (1,661) — 42,267 3,321 38,946 2020 SPDBFL Lease Financing 87,111 — (3,248) — 83,863 6,495 77,368 2021 AVIC Lease Financing 90,913 — (3,626) — 87,287 7,252 80,035 2021 CMBFL Lease Financing 74,565 — (3,260) — 71,305 6,520 64,785 2021 TSFL Lease Financing 54,377 — (2,190) — 52,187 4,380 47,807 2021 CSSC Lease Financing 53,893 — (2,631) — 51,262 5,262 46,000 2021 $146.3 Million Lease Financing 146,250 — (5,962) 140,288 13,179 127,109 2021 Ocean Yield Lease Financing 69,783 — (2,901) 66,882 5,850 61,032 2022 AVIC Lease Financing — 117,204 — 117,204 9,168 108,036 IFRS 16 - Leases - 3 MR 29,268 — (3,991) — 25,277 8,373 16,904 $670.0 Million Lease Financing 546,730 — (48,418) — 498,312 44,918 453,394 Unsecured Senior Notes Due 2025 70,050 359 — 20 70,429 — 70,429 Convertible Notes Due 2022 68,312 — (69,695) 1,383 — — — Convertible Notes Due 2025 202,355 — (12,556) 7,698 197,497 — 197,497 $ 3,145,623 $ 122,638 $ (641,651) $ 11,194 $ 2,637,804 $ 379,843 $ 2,257,961 Less: deferred financing fees (24,821) (3,044) — 7,309 (20,556) (2,588) (17,968) Less: prepaid interest expense (3,747) — (932) — (4,679) (4,679) — Total $ 3,117,055 $ 119,594 $ (642,583) $ 18,503 $ 2,612,569 $ 372,576 $ 2,239,993 (1) Relates to (i) non-cash accretion, amortization or write-off of debt or lease obligations assumed as part of the 2017 merger with Navig8 Product Tankers Inc. ("NPTI"), which were recorded at fair value upon closing, (ii) amortization and write-offs of deferred financing fees, (iii) accretion of our Convertible Notes Due 2022 and Convertible Notes Due 2025 of $1.4 million and $6.3 million, respectively, and (iv) the impact of the repurchases of our Convertible Notes Due 2025 (described below). The following table summarizes our financial expenses for the six months ended June 30, 2022 and 2021, respectively. For the six months ended June 30, In thousands of U.S. dollars 2022 2021 Interest expense, net of capitalized interest (1) $ 60,300 $ 57,888 Write-offs of deferred financing fees and debt extinguishment costs (2) 5,784 1,326 Accretion of convertible notes 7,747 5,384 Amortization of deferred financing fees 3,483 3,689 Accretion of premiums and discounts on assumed debt 1,396 1,686 Total financial expenses $ 78,710 $ 69,973 (1) The increase in interest expense, net of capitalized interest, for the six months ended June 30, 2022, was primarily attributable to an increase in LIBOR rates as compared to the six months ended June 30, 2021, which was partially offset by a reduction in the average debt balance to $2.9 billion for the six months ended June 30, 2022 from $3.1 billion for the six months ended June 30, 2021. The reduction in the average debt balance was primarily due to (i) the vessels sales (and corresponding debt repayments) described in Note 4, and (ii) the repayment of $69.7 million of our Convertible Notes Due 2022 upon maturity in May 2022. LIBOR rates during the six months ended June 30, 2021 were at historically low levels given the ongoing headwinds caused by COVID-19 pandemic at the time. During the six months ended June 30, 2022, LIBOR rates began to increase as central banks around the world began raising benchmark interest rates in an effort to stem the rise in inflation. (2) The write-offs of deferred financing fees and debt extinguishment costs during the six months ended June 30, 2022 include (i) $3.8 million of write-offs of deferred financing fees related to the refinancing of existing indebtedness on certain vessels, the repayment of debt on vessels prior to sale and the expiration of the availability period on certain facilities, (ii) $0.7 million of write-offs of the discounts related to the repayment of debt on certain vessels prior to sale, and (iii) $1.2 million of debt extinguishment costs related to the refinancing of the existing indebtedness on certain vessels and the repayment of debt of vessels prior to their sale. The write-offs of deferred financing fees and debt extinguishment costs during the six months ended June 30, 2021 relates to the write-offs of deferred financing fees related to the refinancing of existing indebtedness.

Common shares (Tables)

Common shares (Tables)	6 Months Ended
	Jun. 30, 2022
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 our equity incentive plan during the six months ended June 30, 2022. Number of Shares Weighted Average Grant Date Fair Value Outstanding and non-vested, December 31, 2021 2,997,992 $ 23.27 Granted 1,047,997 21.39 Vested (484,380) 25.96 Forfeited (2,500) 16.66 Outstanding and non-vested, June 30, 2022 3,559,109 $ 22.35
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 From July 1, 2022 through December 31, 2022 $ 8,761 $ 961 $ 9,722 For the year ending December 31, 2023 13,198 703 13,901 For the year ending December 31, 2024 7,910 222 8,132 For the year ending December 31, 2025 3,427 — 3,427 For the year ending December 31, 2026 1,095 — 1,095 $ 34,391 $ 1,886 $ 36,277

Related party transactions (Tab

Related party transactions (Tables)	6 Months Ended
	Jun. 30, 2022
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 2022 2021 Pool revenue (1) Scorpio MR Pool Limited $ 271,013 $ 131,272 Scorpio LR2 Pool Limited 175,421 88,278 Scorpio Handymax Tanker Pool Limited 34,190 25,783 Scorpio LR1 Pool Limited 11,169 23,344 Voyage expenses (2) (2,404) (466) Vessel operating costs (3) (16,618) (17,846) Administrative expenses (4) (6,665) (6,790) Purchases of bunkers (5) (10,793) (1,695) (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) Related party expenditures included within voyage expenses in the unaudited condensed consolidated statements of income or loss consist of expenses due to SCM, a related party, 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. Voyage expenses also consist of $0.8 million charged by a related party port agent during the six months ended June 30, 2022. No amount was charged during the six months ended June 30, 2021. (3) 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 $15.6 million and $16.4 million charged by SSM (or its affiliates), a related party, during the six months ended June 30, 2022 and 2021, 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 $73.0 million and $75.6 million during the six months ended June 30, 2022 and 2021, 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 $1.0 million and $1.5 million charged by a related party port agent during the six months ended June 30, 2022 and 2021, respectively. SSH has a majority equity interest in a port agent that provides supply and logistical services for vessels operating in its regions. (4) 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, 2022 of $6.7 million included (i) administrative fees of $5.7 million charged by SSH, (ii) restricted stock amortization of $0.9 million, which relates to the issuance of an aggregate of 493,300 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 $8,443 to SSH and $25,834 to SCM. • 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. (5) These amounts represent bunkers purchased from a related party which, for vessels operating in the spot market, are initially recorded as part of inventory on the balance sheet prior to being consumed. 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, 2022 December 31, 2021 Assets: Accounts receivable (due from the Scorpio Pools) (1) $ 193,905 $ 36,216 Accounts receivable and prepaid expenses (SSM) (2) 5,741 3,426 Other assets (pool working capital contributions) (3) 61,561 73,161 Liabilities: Accounts payable and accrued expenses (owed to the Scorpio Pools) 1,892 2,548 Accounts payable and accrued expenses (SHL) 1,706 — Accounts payable and accrued expenses (SSM) 961 9,844 Accounts payable and accrued expenses (related party port agent) 898 674 Accounts payable and accrued expenses (SCM) 793 25 Accounts payable and accrued expenses (related party bunker supplier) 717 — Accounts payable and accrued expenses (SSH) 541 1,888 (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. If a vessel has been sold or is held for sale, we classify these contributions as current. • 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, 2022 and 2021: For the six months ended June 30, In thousands of U.S. dollars 2022 2021 Short-term employee benefits (salaries) $ 9,258 $ 2,663 Share-based compensation (1) 7,444 9,278 Total $ 16,702 $ 11,941 (1) Represents the amortization of restricted stock issued under the Plan as described in Note 12.

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure of operating segments [abstract]
Disclosure of operating segments	Information about our reportable segments for the six months ended June 30, 2022 and 2021 is as follows: For the six months ended June 30, 2022 In thousands of U.S. dollars LR1 Handymax LR2 MR Reportable segments subtotal Corporate and eliminations Total Vessel revenue $ 11,169 $ 88,508 $ 189,950 $ 289,493 $ 579,120 $ — $ 579,120 Vessel operating costs (8,847) (17,460) (55,077) (80,371) (161,755) — (161,755) Voyage expenses — (15,634) (4,743) (5,131) (25,508) — (25,508) Depreciation - owned or sale and leaseback vessels (1,593) (10,351) (38,049) (35,166) (85,159) — (85,159) Depreciation - right of use assets for vessels — — (4,169) (15,319) (19,488) — (19,488) General and administrative expenses (335) (684) (2,051) (3,008) (6,078) (29,179) (35,257) Loss on sale of vessels (44,560) — (15,093) (9,565) (69,218) — (69,218) Financial expenses — — — — — (78,710) (78,710) Financial income 20 — — 314 334 690 1,024 Other income and (expense), net — — — — — 1,634 1,634 Segment (loss) / income $ (44,146) $ 44,379 $ 70,768 $ 141,247 $ 212,248 $ (105,565) $ 106,683 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)

Vessel revenue (Tables)

Vessel revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Analysis of income and expense [abstract]
Revenue Sources	Revenue Sources For the six months ended June 30, In thousands of U.S. dollars 2022 2021 Pool revenue $ 491,793 $ 268,677 Voyage revenue (spot market) 86,252 4,930 Time charter revenue 1,075 — $ 579,120 $ 273,607
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 2022 2021 Lease component of revenue from time charter-out and pool revenue $ 303,268 $ 141,722 Non-lease component of revenue from time charter-out and pool revenue 189,600 126,955 $ 492,868 $ 268,677
Schedule of terms of time chartered-out vessels	Vessel Vessel class Term Rate Commencement date STI Gratitude LR2 Three years $28,000/day May 2022 STI Memphis MR Three years $21,000/day June 2022 STI Marshall MR Three years $23,000/day July 2022 STI Magnetic MR Three years $23,000/day July 2022 STI Gladiator LR2 Three years $28,000/day July 2022 STI Guide LR2 Three years $28,000/day July 2022 STI Guard LR2 Five years $28,000/day July 2022 STI Miracle MR Three years $21,000/day August 2022

Crewing costs (Tables)

Crewing costs (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 and 2021, respectively. For the six months ended June 30, In thousands of US dollars 2022 2021 Short-term crew benefits (i.e. wages, victualing, insurance) $ 81,510 $ 85,799 Other crew related costs 12,775 11,740 $ 94,285 $ 97,539

Financial expenses (Tables)

Financial expenses (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022: Activity Balance as of June 30, 2022 consists of: In thousands of U.S. dollars Carrying Value as of December 31, 2021 Drawdowns Repayments Other Activity (1) Carrying Value as of June 30, 2022 Current Non-Current Credit Agricole Credit Facility 72,838 — (73,591) 753 — — — Citibank / K-Sure Credit Facility 77,781 — (78,401) 620 — — — Hamburg Commercial Credit Facility 37,024 — (1,646) — 35,378 3,292 32,086 Prudential Credit Facility 44,832 — (2,773) — 42,059 5,546 36,513 2019 DNB / GIEK Credit Facility 45,450 — (3,556) — 41,894 7,113 34,781 BNPP Sinosure Credit Facility 86,314 5,075 (5,359) — 86,030 10,909 75,121 2020 $225 Million Credit Facility 145,636 — (85,330) — 60,306 25,108 35,198 2021 $21.0 Million Credit Facility 19,245 — (1,170) — 18,075 18,075 — 2021 $43.6 Million Credit Facility 43,550 — (43,550) — — — — Ocean Yield Lease Financing 126,334 — (5,659) 86 120,761 11,519 109,242 BCFL Lease Financing (LR2s) 77,604 — (5,538) 238 72,304 10,593 61,711 CSSC Lease Financing 132,957 — (7,281) 396 126,072 14,282 111,790 BCFL Lease Financing (MRs) 68,888 — (7,705) — 61,183 16,143 45,040 2018 CMBFL Lease Financing 111,986 — (6,504) — 105,482 13,007 92,475 $116.0 Million Lease Financing 95,789 — (95,789) — — — — AVIC Lease Financing 106,405 — (22,938) — 83,467 11,396 72,071 China Huarong Lease Financing 103,416 — (8,416) — 95,000 95,000 — $157.5 Million Lease Financing 109,657 — (20,835) — 88,822 12,200 76,622 COSCO Lease Financing 61,050 — (3,850) — 57,200 7,700 49,500 2020 CMBFL Lease Financing 41,332 — (1,621) — 39,711 3,242 36,469 2020 TSFL Lease Financing 43,928 — (1,661) — 42,267 3,321 38,946 2020 SPDBFL Lease Financing 87,111 — (3,248) — 83,863 6,495 77,368 2021 AVIC Lease Financing 90,913 — (3,626) — 87,287 7,252 80,035 2021 CMBFL Lease Financing 74,565 — (3,260) — 71,305 6,520 64,785 2021 TSFL Lease Financing 54,377 — (2,190) — 52,187 4,380 47,807 2021 CSSC Lease Financing 53,893 — (2,631) — 51,262 5,262 46,000 2021 $146.3 Million Lease Financing 146,250 — (5,962) 140,288 13,179 127,109 2021 Ocean Yield Lease Financing 69,783 — (2,901) 66,882 5,850 61,032 2022 AVIC Lease Financing — 117,204 — 117,204 9,168 108,036 IFRS 16 - Leases - 3 MR 29,268 — (3,991) — 25,277 8,373 16,904 $670.0 Million Lease Financing 546,730 — (48,418) — 498,312 44,918 453,394 Unsecured Senior Notes Due 2025 70,050 359 — 20 70,429 — 70,429 Convertible Notes Due 2022 68,312 — (69,695) 1,383 — — — Convertible Notes Due 2025 202,355 — (12,556) 7,698 197,497 — 197,497 $ 3,145,623 $ 122,638 $ (641,651) $ 11,194 $ 2,637,804 $ 379,843 $ 2,257,961 Less: deferred financing fees (24,821) (3,044) — 7,309 (20,556) (2,588) (17,968) Less: prepaid interest expense (3,747) — (932) — (4,679) (4,679) — Total $ 3,117,055 $ 119,594 $ (642,583) $ 18,503 $ 2,612,569 $ 372,576 $ 2,239,993 (1) Relates to (i) non-cash accretion, amortization or write-off of debt or lease obligations assumed as part of the 2017 merger with Navig8 Product Tankers Inc. ("NPTI"), which were recorded at fair value upon closing, (ii) amortization and write-offs of deferred financing fees, (iii) accretion of our Convertible Notes Due 2022 and Convertible Notes Due 2025 of $1.4 million and $6.3 million, respectively, and (iv) the impact of the repurchases of our Convertible Notes Due 2025 (described below). The following table summarizes our financial expenses for the six months ended June 30, 2022 and 2021, respectively. For the six months ended June 30, In thousands of U.S. dollars 2022 2021 Interest expense, net of capitalized interest (1) $ 60,300 $ 57,888 Write-offs of deferred financing fees and debt extinguishment costs (2) 5,784 1,326 Accretion of convertible notes 7,747 5,384 Amortization of deferred financing fees 3,483 3,689 Accretion of premiums and discounts on assumed debt 1,396 1,686 Total financial expenses $ 78,710 $ 69,973 (1) The increase in interest expense, net of capitalized interest, for the six months ended June 30, 2022, was primarily attributable to an increase in LIBOR rates as compared to the six months ended June 30, 2021, which was partially offset by a reduction in the average debt balance to $2.9 billion for the six months ended June 30, 2022 from $3.1 billion for the six months ended June 30, 2021. The reduction in the average debt balance was primarily due to (i) the vessels sales (and corresponding debt repayments) described in Note 4, and (ii) the repayment of $69.7 million of our Convertible Notes Due 2022 upon maturity in May 2022. LIBOR rates during the six months ended June 30, 2021 were at historically low levels given the ongoing headwinds caused by COVID-19 pandemic at the time. During the six months ended June 30, 2022, LIBOR rates began to increase as central banks around the world began raising benchmark interest rates in an effort to stem the rise in inflation. (2) The write-offs of deferred financing fees and debt extinguishment costs during the six months ended June 30, 2022 include (i) $3.8 million of write-offs of deferred financing fees related to the refinancing of existing indebtedness on certain vessels, the repayment of debt on vessels prior to sale and the expiration of the availability period on certain facilities, (ii) $0.7 million of write-offs of the discounts related to the repayment of debt on certain vessels prior to sale, and (iii) $1.2 million of debt extinguishment costs related to the refinancing of the existing indebtedness on certain vessels and the repayment of debt of vessels prior to their sale. The write-offs of deferred financing fees and debt extinguishment costs during the six months ended June 30, 2021 relates to the write-offs of deferred financing fees related to the refinancing of existing indebtedness.

Earnings _ (loss) per share (Ta

Earnings / (loss) per share (Tables)	6 Months Ended
	Jun. 30, 2022
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 2022 2021 Net income / (loss) attributable to equity holders of the parent - basic $ 106,683 $ (115,176) Convertible notes interest expense 12,032 — Net income / (loss) attributable to equity holders of the parent - diluted $ 118,715 $ (115,176) Basic weighted average number of shares 55,502,389 54,388,504 Effect of dilutive potential basic shares: Restricted stock 2,283,834 — Convertible notes 6,825,428 — 9,109,262 — Diluted weighted average number of shares 64,611,651 54,388,504 Earnings / (Loss) Per Share: Basic $ 1.92 $ (2.12) Diluted $ 1.84 $ (2.12)

Financial instruments - finan_2

Financial instruments - financial and other risks (Tables)	6 Months Ended
	Jun. 30, 2022
Financial Instruments [Abstract]
Fair Values and Carrying Values of Financial Liabilities	Categories of Financial Instruments As of June 30, 2022 As of December 31, 2021 Amounts in thousands of U.S. dollars Fair value Carrying Value Fair value Carrying Value Financial assets Cash and cash equivalents (1) $ 359,528 $ 359,528 $ 230,415 $ 230,415 Restricted cash (2) 783 783 4,791 4,791 Loans and receivables (3) 206,456 206,456 38,069 38,069 Investment in ballast water treatment supplier (4) 1,751 1,751 1,751 1,751 Working capital contributions to Scorpio Pools (5) 61,561 61,561 73,161 73,161 Sellers credit on sale leaseback vessels (6) 11,107 11,107 10,793 10,793 Financial liabilities Accounts payable (7) $ 12,866 $ 12,866 $ 35,080 $ 35,080 Accrued expenses (7) 43,446 43,446 24,906 24,906 Secured bank loans (8) 279,933 279,933 566,310 566,310 Sale and leaseback liability (9) 1,546,543 1,546,432 1,648,993 1,639,991 IFRS 16 - Lease liability (10) 522,478 522,809 575,834 575,377 Unsecured Senior Notes Due 2025 (11) 70,712 70,571 69,366 70,209 Convertible Notes Due 2022 (12) — — 69,059 69,695 Convertible Notes Due 2025 (12) 222,668 202,111 195,438 208,133 (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 owned vessels, excluding those classified as held for sale, 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 $3.8 million and $6.4 million of unamortized deferred financing fees as of June 30, 2022 and December 31, 2021, 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 $12.2 million and $13.1 million of unamortized deferred financing fees as of June 30, 2022 and December 31, 2021, 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, 2022 and December 31, 2021. 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 $2.0 million of deferred financing fees and $0.1 million of unamortized discount on the unaudited condensed consolidated balance sheet as of June 30, 2022. The Senior Notes Due 2025 are shown net of $2.3 million of deferred financing fees and $0.2 million of unamortized discount on the audited condensed consolidated balance sheet as of December 31, 2021. 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) - Property, plant and equipment not subject to operating leases - Vessels	Jun. 30, 2022 vessel
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	115
Non-current assets held for sale
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	2
Handymax
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	14
MR
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	61
MR | Non-current assets held for sale
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	1
LR2
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	40
LR2 | Non-current assets held for sale
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	1

Accounts receivable - Summary o

Accounts receivable - Summary of accounts receivable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Freight and time charter receivables	$ 12,379,000	$ 820,000
Insurance receivables	119,000	905,000
Other receivables	53,000	128,000
Accounts receivable	$ 206,456,000	38,069,000
Expected time period of collections of receivables	1 year
Reserve for credit losses	$ 0
Other related parties
Disclosure of transactions between related parties [line items]
Receivables from related parties	193,905,000	36,216,000
Other related parties | Scorpio MR Pool Limited
Disclosure of transactions between related parties [line items]
Receivables from related parties	98,508,000	16,414,000
Other related parties | Scorpio LR2 Pool Limited
Disclosure of transactions between related parties [line items]
Receivables from related parties	86,632,000	14,344,000
Other related parties | Scorpio LR1 Pool Limited
Disclosure of transactions between related parties [line items]
Receivables from related parties	3,104,000	3,079,000
Other related parties | Scorpio Handymax Tanker Pool Limited
Disclosure of transactions between related parties [line items]
Receivables from related parties	5,661,000	2,379,000
Other related parties | Scorpio Pools
Disclosure of transactions between related parties [line items]
Receivables from related parties	193,905,000	$ 36,216,000
Working capital contributions, related parties	$ 1,300,000

Prepaid expenses and other as_3

Prepaid expenses and other assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Third party - prepaid vessel operating expenses	$ 3,206	$ 2,610
Prepaid insurance	1,735	880
Other prepaid expenses	1,856	1,038
Current prepayments and other current assets	12,538	7,954
Scorpio Ship Management S.A.M. (SSM) | Other related parties
Disclosure of transactions between related parties [line items]
SSM - prepaid vessel operating expense	$ 5,741	$ 3,426

Assets held for sale and Vess_3

Assets held for sale and Vessels and drydock - Assets held for sale (Details) $ in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Aug. 31, 2022 USD ($)

Jul. 31, 2022 USD ($)

Jun. 30, 2022 USD ($) tanker

Feb. 28, 2022 USD ($)

Jun. 30, 2022 USD ($) tanker

Mar. 31, 2022 tanker

Jun. 30, 2022 tanker

Jun. 30, 2022 USD ($) tanker

Jun. 30, 2022 vessel tanker

Jun. 30, 2021 USD ($)

Dec. 31, 2021 tanker

Jun. 30, 2022 vessel

Disclosure of detailed information about property, plant and equipment [line items]

Loss on sales of vessels and write-down of vessel held for sale

$ (69,218)

$ 0

Repayments of borrowings

$ 313,100

$ 507,764

$ 341,449

Debt extinguishment cost

$ 2,900

STI Fontvieille

Disclosure of detailed information about property, plant and equipment [line items]

Debt extinguishment cost

$ 200

STI Benicia

Disclosure of detailed information about property, plant and equipment [line items]

Debt extinguishment cost

$ 200

Vessels

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell | vessel

17

Vessels | Property, plant and equipment

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell | tanker

17

Vessels | Right-of-use assets

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell | tanker

1

Vessels | LR2

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell | vessel

3

Vessels | LR1

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell | vessel

12

Vessels | MR

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell | vessel

2

Non-current assets held for sale | Vessels

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell

9

7

18

18

Gross sales price of vessels

$ 558,200

Loss on sales of vessels and write-down of vessel held for sale

$ 63,800

Number of vessels classified as held for sale

2

2

2

2

2

2

Non-current assets held for sale | Vessels | LR2

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell

2

3

3

Decrease through classified as held for sale, goodwill

$ (500)

Non-current assets held for sale | Vessels | LR2 | STI Savile Row, STI Carnaby and STI Nautilus

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell | tanker

3

Non-current assets held for sale | Vessels | LR2 | STI Savile Row

Disclosure of detailed information about property, plant and equipment [line items]

Gross sales price of vessels

$ 43,000

Non-current assets held for sale | Vessels | LR2 | STI Carnaby

Disclosure of detailed information about property, plant and equipment [line items]

Gross sales price of vessels

43,000

Non-current assets held for sale | Vessels | LR2 | STI Nautilus

Disclosure of detailed information about property, plant and equipment [line items]

Gross sales price of vessels

$ 42,700

Number of vessels classified as held for sale | tanker

1

1

1

1

1

Non-current assets held for sale | Vessels | LR2 | STI Nautilus | Sale of Ship

Disclosure of detailed information about property, plant and equipment [line items]

Repayments of borrowings

$ 20,000

Loss on sales of vessels, net

$ (2,500)

Non-current assets held for sale | Vessels | LR1

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell

6

6

12

12

Non-current assets held for sale | Vessels | LR1 | 12 LR1s

Disclosure of detailed information about property, plant and equipment [line items]

Gross sales price of vessels

$ 413,800

Non-current assets held for sale | Vessels | MR

Disclosure of detailed information about property, plant and equipment [line items]

Number of vessels in agreement to sell

1

1

3

3

Non-current assets held for sale | Vessels | MR | STI Nautilus

Disclosure of detailed information about property, plant and equipment [line items]

Gross sales price of vessels

34,900

Non-current assets held for sale | Vessels | MR | STI Fontvieille

Disclosure of detailed information about property, plant and equipment [line items]

Gross sales price of vessels

23,500

Non-current assets held for sale | Vessels | MR | STI Benicia

Disclosure of detailed information about property, plant and equipment [line items]

Gross sales price of vessels

26,500

Repayments of borrowings

$ 14,200

Debt extinguishment cost

$ 500

Number of vessels classified as held for sale | tanker

1

1

1

1

1

Loss on sales of vessels, net

$ 5,400

Assets held for sale and Vess_4

Assets held for sale and Vessels and drydock - Operating vessels and drydock rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) vessel
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	$ 3,842,071
Property, plant and equipment	3,144,735
Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	4,918,357
Additions	25,573
Disposals of vessels	(780,891)
Fully depreciated assets	(3,222)
Property, plant and equipment	4,159,817
Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(1,076,286)
Disposals of vessels	143,141
Charge for the period	(85,159)
Fully depreciated assets	(3,222)
Property, plant and equipment	(1,015,082)
Vessels
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	3,762,479
Property, plant and equipment	$ 3,084,008
Number of vessels in agreement to sell | vessel	17
Vessels | LR2
Reconciliation of changes in property, plant and equipment [abstract]
Number of vessels in agreement to sell | vessel	3
Vessels | LR1
Reconciliation of changes in property, plant and equipment [abstract]
Number of vessels in agreement to sell | vessel	12
Vessels | MR
Reconciliation of changes in property, plant and equipment [abstract]
Number of vessels in agreement to sell | vessel	2
Vessels | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	$ 4,782,886
Additions	16,713
Disposals of vessels	(758,250)
Fully depreciated assets	0
Property, plant and equipment	4,041,349
Vessels | Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(1,020,407)
Disposals of vessels	136,581
Charge for the period	(73,515)
Fully depreciated assets	0
Property, plant and equipment	(957,341)
Drydock
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	79,592
Property, plant and equipment	60,727
Drydock | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	135,471
Additions	8,860
Disposals of vessels	(22,641)
Fully depreciated assets	(3,222)
Property, plant and equipment	118,468
Drydock | Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(55,879)
Disposals of vessels	6,560
Charge for the period	(11,644)
Fully depreciated assets	(3,222)
Property, plant and equipment	$ (57,741)

Assets held for sale and Vess_5

Assets held for sale and Vessels and drydock- Summary of cost capitalized during the period (Details) - Capitalized cost $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Drydock
Disclosure of detailed information about property, plant and equipment [line items]
Drydock	$ 8,710
Notional component of scrubber	150
Total drydock additions	8,860
Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber	14,003
BWTS	2,349
Other equipment	268
Capitalized interest	93
Total vessel additions	$ 16,713

Assets held for sale and Vess_6

Assets held for sale and Vessels and drydock - Expected future purchase commitment payments (Details) - Ballast Water Treatment Systems and Scrubbers $ in Thousands	Jun. 30, 2022 USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	$ 15,053
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	3,187
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	8,712
1 - 5 years
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	3,154
5+ years
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	$ 0

Assets held for sale and Vess_7

Assets held for sale and Vessels and drydock - Narrative (Details) $ in Millions	1 Months Ended	6 Months Ended	14 Months Ended
	Jul. 31, 2018 USD ($) equipment	Jun. 30, 2022 tanker vessel	Sep. 30, 2019 USD ($) tanker	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [line items]
Percentage of equipment cost estimated to require replacement value of vessel		10%
Growth rate in freight rates		2.44%
Discount rate applied to cash flow projections		8.23%		7.19%
Purchase and installation of scrubbers
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels		85
Exhaust Gas cleaning System
Disclosure of detailed information about property, plant and equipment [line items]
Total consideration to acquire property, plant, and equipment | $			$ 146.6
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
Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of scrubbers | tanker			98
Average time charter rate period used to establish growth rate		3 years
Vessels | Property, plant and equipment not subject to operating leases
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels		115
Vessels | Property, plant and equipment not subject to operating leases | Non-current assets held for sale
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels		2

Assets held for sale and Vess_8

Assets held for sale and Vessels and drydock - Carrying value of vessels (Details)	6 Months Ended
	Jun. 30, 2022 vessel
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Growth rate in freight rates	2.44%
Vessels
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Average time charter rate period used to establish growth rate	3 years
Number of vessels with market values in excess of their carrying amount	96
Number of vessels had market values less than their carrying amount	14
Vessels | Property, plant and equipment not subject to operating leases
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Number of vessels	115
Number of vessels	115

Assets held for sale and Vess_9

Assets held for sale and Vessels and drydock - Vessel deliveries (Details) $ in Millions	1 Months Ended	6 Months Ended	14 Months Ended
	Jul. 31, 2018 USD ($) equipment	Jun. 30, 2022 tanker vessel	Sep. 30, 2019 USD ($)
Ballast Water Treatment Systems
Disclosure of detailed information about property, plant and equipment [line items]
Number of equipment	55	50
Payments to acquire property, plant, and equipment	$ 36.2
Purchase and installation of scrubbers
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels | vessel		85
Exhaust Gas cleaning System
Disclosure of detailed information about property, plant and equipment [line items]
Payments to acquire property, plant, and equipment			$ 146.6

Assets held for sale and Ves_10

Assets held for sale and Vessels and drydock - Vessel sales (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($) vessel	Jun. 30, 2021 USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Repayments	$ 313,100	$ 507,764	$ 341,449
Net proceeds from sales of vessels		541,187	0
Write-off of deferred financing fees		$ 5,784	$ 1,326
Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels in agreement to sell | vessel		17

Carrying values of vessels (Det

Carrying values of vessels (Details)	6 Months Ended
	Jun. 30, 2022 USD ($) tanker	Jun. 30, 2021 USD ($) vessel	Jun. 30, 2022 USD ($)	Jun. 30, 2022 vessel	Jun. 30, 2022	Dec. 31, 2021 USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Vessels and drydock			$ 3,144,735,000			$ 3,842,071,000
Number of vessels value in use calculation performed | vessel		3
Growth rate in freight rates					2.44%
Discount rate applied to cash flow projections					8.23%	7.19%
Net (increase) / decrease in accrued interest expense	$ (70,000)	$ 39,000
Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels with market values in excess of their carrying amount | vessel				96
Number of vessels had market values less than their carrying amount | vessel				14
Vessels and drydock			3,084,008,000			$ 3,762,479,000
Average time charter rate period used to establish growth rate	3 years
Useful life used for calculating growth rate	15 years
Forecast period	3 years
Ships For Which Carrying Value Exceeds Fair Value Less Costs To Sell | Accumulated impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessels and drydock			0
Ships For Which Value In Use Exceeds Carrying Value | Accumulated impairment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Vessels and drydock			$ 0
Ships For Which Value In Use Is Less Than Carrying Value
Disclosure of detailed information about property, plant and equipment [line items]
Number of right-of-use vessels, value in use calculation performed | tanker	0
Non-current assets held for sale | Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels classified as held for sale	2			2

Right of use assets and relat_3

Right of use assets and related lease liabilities - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) vessel	Jun. 30, 2021 USD ($)
Disclosure of quantitative information about right-of-use assets [line items]
Income from subleasing right-of-use assets | $	$ 98,900	$ 46,300
Minimum lease payments | $	$ 655,402
Bareboat charter agreements variable rate
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels | vessel	19
Bareboat charger agreements fixed rate
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels | vessel	3

Right of use assets and relat_4

Right of use assets and related lease liabilities - Activity of the right of use assets (Details) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($) vessel	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Cost
Beginning balance, as of January 1, 2021	$ 859,808
Disposals of vessels	(39,148)
Ending balance, as of June 30, 2021	820,660		$ 859,808
Accumulated depreciation and impairment
Beginning balance, as of January 1, 2021	(95,783)
Charge for the period	(19,488)	$ (22,041)
Disposal of vessels	3,776
Ending balance, as of June 30, 2021	(111,495)		(95,783)
Net book value	$ 709,165		764,025
MR | STI Majestic
Accumulated depreciation and impairment
Number of vessels in agreement to sell | vessel	1
Vessels
Cost
Beginning balance, as of January 1, 2021	$ 836,246
Disposals of vessels	(38,163)
Ending balance, as of June 30, 2021	798,083		836,246
Accumulated depreciation and impairment
Beginning balance, as of January 1, 2021	(84,221)
Charge for the period	(17,055)
Disposal of vessels	3,247
Ending balance, as of June 30, 2021	(98,029)		(84,221)
Net book value	$ 700,054		752,025
Number of vessels in agreement to sell | vessel	17
Vessels | MR
Accumulated depreciation and impairment
Number of vessels in agreement to sell | vessel	2
Drydock
Cost
Beginning balance, as of January 1, 2021	$ 23,562
Disposals of vessels	(985)
Ending balance, as of June 30, 2021	22,577		23,562
Accumulated depreciation and impairment
Beginning balance, as of January 1, 2021	(11,562)
Charge for the period	(2,433)
Disposal of vessels	529
Ending balance, as of June 30, 2021	(13,466)		(11,562)
Net book value	$ 9,111		$ 12,000

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, 2022	Jun. 30, 2021
Disclosure of quantitative information about right-of-use assets [line items]
Interest expense recognized in the unaudited condensed consolidated statements of income or loss	$ 12,328	$ 12,096
Principal repayments on IFRS 16 lease liabilities	52,568	28,674
Net (increase) / decrease in accrued interest expense	(70)	39
Net decrease in prepaid interest expense	0	(45)
Lease payments	$ 64,826	$ 40,764

Right of use assets and relat_6

Right of use assets and related lease liabilities - Future minimum lease payments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable	$ 655,402
Discounting effect	(131,813)
Prepaid interest expense	(780)
Lease liabilities	522,809
Less than 1 year
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable	82,984
1 - 5 years
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable	271,610
5+ years
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable	$ 300,808

Other assets (Details)

Other assets (Details) $ in Thousands	1 Months Ended		3 Months Ended	6 Months Ended		14 Months Ended
	Aug. 31, 2021 USD ($) vessel tanker	Jul. 31, 2018 USD ($) equipment	Dec. 31, 2021 USD ($) vessel	Jun. 30, 2022 USD ($) tanker vessel	Jun. 30, 2021 USD ($)	Sep. 30, 2019 USD ($) supplier tanker	Apr. 30, 2020 tanker	Apr. 30, 2017 USD ($)
Disclosure Of Other Assets [Line Items]
Sale leaseback transaction, aggregate amount			$ 10,793	$ 11,107
Investment in dual fuel tanker joint venture			5,736	5,629
Capitalized loan fees			1,635	3
Other			47	0
Other assets			108,963	89,788
Number of suppliers | supplier						2
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities		$ 1,800
Proportion of ownership interest in joint venture	50%
Distributions from dual fuel tanker joint venture				$ 240	$ 0
Number of sales completed | vessel				16
Joint ventures
Disclosure Of Other Assets [Line Items]
Aggregate proceeds	$ 6,700
Share of net income resulting from joint venture				$ 100
Distributions from dual fuel tanker joint venture				$ 200
MR
Disclosure Of Other Assets [Line Items]
Number of sales completed | vessel				2
LR1
Disclosure Of Other Assets [Line Items]
Number of sales completed | vessel				12
Exhaust Gas cleaning System
Disclosure Of Other Assets [Line Items]
Deposits on property, plant and equipment			15,840	$ 9,737
Payments to acquire property, plant, and equipment						$ 146,600
Vessels
Disclosure Of Other Assets [Line Items]
Number of scrubbers | tanker						98
Accretion of lease financed vessels				$ 300	$ 300
Vessels | Installation Of Scrubbers, LR1
Disclosure Of Other Assets [Line Items]
Number of vessels | tanker	5
Vessels | Postpone installation of scrubbers
Disclosure Of Other Assets [Line Items]
Number of vessels | tanker							19
Vessels | Installation of scrubbers
Disclosure Of Other Assets [Line Items]
Number of vessels | tanker	6
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
Product tanker
Disclosure Of Other Assets [Line Items]
Number of vessels | vessel	9
Product tanker | MR
Disclosure Of Other Assets [Line Items]
Number of vessels | vessel	5
Term of charter contracts	5 years
Product tanker | LR1
Disclosure Of Other Assets [Line Items]
Number of vessels | vessel	4
Number of sales completed | vessel			2
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	32,300
Other related parties | Scorpio MR Tanker Pool Limited
Disclosure Of Other Assets [Line Items]
Non-current receivables due from related parties			25,200	23,600
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	0
Other related parties | Scorpio Pools
Disclosure Of Other Assets [Line Items]
Non-current receivables due from related parties			$ 73,161	$ 61,561

Accounts payable (Details)

Accounts payable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Accounts Payable
Suppliers	$ 7,810,000	$ 20,678,000
Accounts payable	$ 12,866,000	35,080,000
Accounts payable settlement days	90 days
Interest charged on accounts payable	$ 0
Other related parties
Accounts Payable
Related party payables	5,056,000	14,402,000
Other related parties | Scorpio LR2 Pool Limited
Accounts Payable
Related party payables	1,174,000	1,076,000
Other related parties | Scorpio Ship Management S.A.M. (SSM)
Accounts Payable
Related party payables	932,000	9,684,000
Other related parties | Scorpio Commercial Management S.A.M.
Accounts Payable
Related party payables	791,000	25,000
Other related parties | Bunker supplier
Accounts Payable
Related party payables	717,000	0
Other related parties | Scorpio MR Pool Limited
Accounts Payable
Related party payables	716,000	62,000
Other related parties | Scorpio Services Holding Limited (SSH)
Accounts Payable
Related party payables	541,000	1,888,000
Other related parties | Amounts due to a related party port agent
Accounts Payable
Related party payables	183,000	257,000
Other related parties | Scorpio Handymax Tanker Pool Limited
Accounts Payable
Related party payables	2,000	625,000
Other related parties | Scorpio LR1 Pool Limited
Accounts Payable
Related party payables	$ 0	$ 785,000

Accrued expenses (Details)

Accrued expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Disclosure of transactions between related parties [line items]
Suppliers	$ 21,543	$ 15,193
Accrued short-term employee benefits	12,538	3,908
Accrued interest	5,796	5,156
Current accrued income including current contract assets	915	0
Other accrued expenses	202	71
Accrued expenses	43,446	24,906
Other related parties
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	2,452	578
Other related parties | Amounts due to a related party port agent
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	715	417
Other related parties | Scorpio Commercial Management S.A.M.
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	2	0
Other related parties | Scorpio Ship Management S.A.M. (SSM)
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	29	161
Other related parties | Scorpio Handymax Tanker Pool Limited
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	$ 1,706	$ 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		3 Months Ended	6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Drawdowns				$ 122,637	$ 367,578
Repayments			$ (313,100)	(507,764)	$ (341,449)
Non-Current			474,056	474,056		$ 666,409
Credit Agricole Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021
Carrying Value as of June 30, 2022			21,000	21,000
BNPP Sinosure Credit Facility
Disclosure of detailed information about borrowings [line items]
Drawdowns			5,100
2020 $225 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021		$ 225,000
Carrying Value as of June 30, 2022			225,000	225,000
2021 $21.0 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021
Carrying Value as of June 30, 2022			21,000	21,000
Twenty Twenty One $43.6 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021		43,600
Carrying Value as of June 30, 2022			43,600	43,600
$116.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				116,000
Carrying Value as of June 30, 2022			116,000	116,000
$157.5 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021
Carrying Value as of June 30, 2022			157,500	157,500
Twenty Twenty One $146.3 Million Lease Financing [Member]
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021
Carrying Value as of June 30, 2022			146,300	146,300
$670.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021
Carrying Value as of June 30, 2022			670,000	670,000
Convertible Notes Due 2022
Disclosure of detailed information about borrowings [line items]
Repayments	$ (19,400)	(62,100)
Borrowings, noncash accretion and amortization				1,400
Convertible Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Drawdowns	$ 19,400	$ 62,100
Borrowings, noncash accretion and amortization				6,300
Gross carrying amount
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				3,145,623
Drawdowns				122,638
Repayments				(641,651)
Other Activity				11,194
Carrying Value as of June 30, 2022			2,637,804	2,637,804
Current			379,843	379,843
Non-Current			2,257,961	2,257,961
Gross carrying amount | Credit Agricole Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				72,838
Drawdowns				0
Repayments				(73,591)
Other Activity				753
Carrying Value as of June 30, 2022			0	0
Current			0	0
Non-Current			0	0
Gross carrying amount | Citibank / K-Sure Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				77,781
Drawdowns				0
Repayments				(78,401)
Other Activity				620
Carrying Value as of June 30, 2022			0	0
Current			0	0
Non-Current			0	0
Gross carrying amount | Hamburg Commercial Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				37,024
Drawdowns				0
Repayments				(1,646)
Other Activity				0
Carrying Value as of June 30, 2022			35,378	35,378
Current			3,292	3,292
Non-Current			32,086	32,086
Gross carrying amount | Prudential Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				44,832
Drawdowns				0
Repayments				(2,773)
Other Activity				0
Carrying Value as of June 30, 2022			42,059	42,059
Current			5,546	5,546
Non-Current			36,513	36,513
Gross carrying amount | 2019 DNB / GIEK Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				45,450
Drawdowns				0
Repayments				(3,556)
Other Activity				0
Carrying Value as of June 30, 2022			41,894	41,894
Current			7,113	7,113
Non-Current			34,781	34,781
Gross carrying amount | BNPP Sinosure Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				86,314
Drawdowns				5,075
Repayments				(5,359)
Other Activity				0
Carrying Value as of June 30, 2022			86,030	86,030
Current			10,909	10,909
Non-Current			75,121	75,121
Gross carrying amount | 2020 $225 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				145,636
Drawdowns				0
Repayments				(85,330)
Other Activity				0
Carrying Value as of June 30, 2022			60,306	60,306
Current			25,108	25,108
Non-Current			35,198	35,198
Gross carrying amount | 2021 $21.0 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				19,245
Drawdowns				0
Repayments				(1,170)
Other Activity				0
Carrying Value as of June 30, 2022			18,075	18,075
Current			18,075	18,075
Non-Current			0	0
Gross carrying amount | Twenty Twenty One $43.6 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				43,550
Drawdowns				0
Repayments				(43,550)
Other Activity				0
Carrying Value as of June 30, 2022			0	0
Current			0	0
Non-Current			0	0
Gross carrying amount | Ocean Yield Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				126,334
Drawdowns				0
Repayments				(5,659)
Other Activity				86
Carrying Value as of June 30, 2022			120,761	120,761
Current			11,519	11,519
Non-Current			109,242	109,242
Gross carrying amount | BCFL Lease Financing (LR2s)
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				77,604
Drawdowns				0
Repayments				(5,538)
Other Activity				238
Carrying Value as of June 30, 2022			72,304	72,304
Current			10,593	10,593
Non-Current			61,711	61,711
Gross carrying amount | CSSC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				132,957
Drawdowns				0
Repayments				(7,281)
Other Activity				396
Carrying Value as of June 30, 2022			126,072	126,072
Current			14,282	14,282
Non-Current			111,790	111,790
Gross carrying amount | BCFL Lease Financing (MRs)
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				68,888
Drawdowns				0
Repayments				(7,705)
Other Activity				0
Carrying Value as of June 30, 2022			61,183	61,183
Current			16,143	16,143
Non-Current			45,040	45,040
Gross carrying amount | 2018 CMBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				111,986
Drawdowns				0
Repayments				(6,504)
Other Activity				0
Carrying Value as of June 30, 2022			105,482	105,482
Current			13,007	13,007
Non-Current			92,475	92,475
Gross carrying amount | $116.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				95,789
Drawdowns				0
Repayments				(95,789)
Other Activity				0
Carrying Value as of June 30, 2022			0	0
Current			0	0
Non-Current			0	0
Gross carrying amount | AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				106,405
Drawdowns				0
Repayments				(22,938)
Other Activity				0
Carrying Value as of June 30, 2022			83,467	83,467
Current			11,396	11,396
Non-Current			72,071	72,071
Gross carrying amount | China Huarong Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				103,416
Drawdowns				0
Repayments				(8,416)
Other Activity				0
Carrying Value as of June 30, 2022			95,000	95,000
Current			95,000	95,000
Non-Current			0	0
Gross carrying amount | $157.5 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				109,657
Drawdowns				0
Repayments				(20,835)
Other Activity				0
Carrying Value as of June 30, 2022			88,822	88,822
Current			12,200	12,200
Non-Current			76,622	76,622
Gross carrying amount | COSCO Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				61,050
Drawdowns				0
Repayments				(3,850)
Other Activity				0
Carrying Value as of June 30, 2022			57,200	57,200
Current			7,700	7,700
Non-Current			49,500	49,500
Gross carrying amount | 2020 CMBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				41,332
Drawdowns				0
Repayments				(1,621)
Other Activity				0
Carrying Value as of June 30, 2022			39,711	39,711
Current			3,242	3,242
Non-Current			36,469	36,469
Gross carrying amount | 2020 TSFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				43,928
Drawdowns				0
Repayments				(1,661)
Other Activity				0
Carrying Value as of June 30, 2022			42,267	42,267
Current			3,321	3,321
Non-Current			38,946	38,946
Gross carrying amount | 2020 SPDBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				87,111
Drawdowns				0
Repayments				(3,248)
Other Activity				0
Carrying Value as of June 30, 2022			83,863	83,863
Current			6,495	6,495
Non-Current			77,368	77,368
Gross carrying amount | 2021 AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				90,913
Drawdowns				0
Repayments				(3,626)
Other Activity				0
Carrying Value as of June 30, 2022			87,287	87,287
Current			7,252	7,252
Non-Current			80,035	80,035
Gross carrying amount | 2021 CMBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				74,565
Drawdowns				0
Repayments				(3,260)
Other Activity				0
Carrying Value as of June 30, 2022			71,305	71,305
Current			6,520	6,520
Non-Current			64,785	64,785
Gross carrying amount | 2021 TSFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				54,377
Drawdowns				0
Repayments				(2,190)
Other Activity				0
Carrying Value as of June 30, 2022			52,187	52,187
Current			4,380	4,380
Non-Current			47,807	47,807
Gross carrying amount | 2021 CSSC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				53,893
Drawdowns				0
Repayments				(2,631)
Other Activity				0
Carrying Value as of June 30, 2022			51,262	51,262
Current			5,262	5,262
Non-Current			46,000	46,000
Gross carrying amount | Twenty Twenty One $146.3 Million Lease Financing [Member]
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				146,250
Drawdowns				0
Repayments				(5,962)
Other Activity
Carrying Value as of June 30, 2022			140,288	140,288
Current			13,179	13,179
Non-Current			127,109	127,109
Gross carrying amount | 2021 Ocean Yield Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				69,783
Drawdowns				0
Repayments				(2,901)
Other Activity
Carrying Value as of June 30, 2022			66,882	66,882
Current			5,850	5,850
Non-Current			61,032	61,032
Gross carrying amount | 2022 AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				0
Drawdowns				117,204
Repayments				0
Other Activity
Carrying Value as of June 30, 2022			117,204	117,204
Current			9,168	9,168
Non-Current			108,036	108,036
Gross carrying amount | IFRS 16 - Leases - 3 MR
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				29,268
Drawdowns				0
Repayments				(3,991)
Other Activity				0
Carrying Value as of June 30, 2022			25,277	25,277
Current			8,373	8,373
Non-Current			16,904	16,904
Gross carrying amount | $670.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				546,730
Drawdowns				0
Repayments				(48,418)
Other Activity				0
Carrying Value as of June 30, 2022			498,312	498,312
Current			44,918	44,918
Non-Current			453,394	453,394
Gross carrying amount | Unsecured Senior Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				70,050
Drawdowns				359
Repayments				0
Other Activity				20
Carrying Value as of June 30, 2022			70,429	70,429
Current			0	0
Non-Current			70,429	70,429
Gross carrying amount | Convertible Notes Due 2022
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				68,312
Drawdowns				0
Repayments				(69,695)
Other Activity				1,383
Carrying Value as of June 30, 2022			0	0
Current			0	0
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, 2021				202,355
Drawdowns				0
Repayments				(12,556)
Other Activity				7,698
Carrying Value as of June 30, 2022			197,497	197,497
Current			0	0
Non-Current			197,497	197,497
Deferred financing fees
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				24,821
Drawdowns				3,044
Repayments				0
Other Activity				(7,309)
Carrying Value as of June 30, 2022			20,556	20,556
Current			2,588	2,588
Non-Current			17,968	17,968
Deferred financing fees | Unsecured Senior Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				2,300
Carrying Value as of June 30, 2022			2,000	2,000
Net carrying amount
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				3,117,055
Drawdowns				119,594
Repayments				(642,583)
Other Activity				18,503
Carrying Value as of June 30, 2022			2,612,569	2,612,569
Current			372,576	372,576
Non-Current			2,239,993	2,239,993
Prepaid Interest Expense
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2021				3,747
Drawdowns				0
Repayments				(932)
Other Activity				0
Carrying Value as of June 30, 2022			4,679	4,679
Current			4,679	4,679
Non-Current			$ 0	$ 0

Current and long-term debt - Dr

Current and long-term debt - Drawdowns from existing facilities (Details) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended	6 Months Ended
	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) vessel	Jun. 30, 2022 USD ($) vessel	Jun. 30, 2022 USD ($) vessel	Jun. 30, 2021 USD ($)	Mar. 31, 2022
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis		3.50%	3.50%	3.50%
Periodic borrowing payment, amount		$ 2,300
Issuance of debt				$ 122,637	$ 367,578
BNPP Sinosure Credit Facility
Disclosure of detailed information about borrowings [line items]
Issuance of debt			$ 5,100
BNPP Sinosure Credit Facility | Ships to be installed with scrubbers | LR2
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | vessel		1	1	1
BNPP Sinosure Credit Facility | Ships to be installed with scrubbers | LR1
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | vessel		2	2	2
BNPP Sinosure Credit Facility | Ten semi annual payments
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount increase	$ 300
Periodic borrowing payment, amount	$ 5,500
BNPP Sinosure Credit Facility | Sinosure facility
Disclosure of detailed information about borrowings [line items]
Issuance of debt			$ 2,200
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
Disclosure of detailed information about borrowings [line items]
Issuance of debt			$ 2,900
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%

Current and long-term debt - Cr

Current and long-term debt - Credit Agricole Credit Facility (Details) - Credit Agricole Credit Facility $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	$ 72,000
Adjustments for write-off of unamortized discount	$ 500

Current and long-term debt - Ci

Current and long-term debt - Citibank / K-Sure Credit Facility (Details) - Senior Secured Term Loan Facility - Citibank / K-Sure Credit Facility $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	$ 77,300
Adjustments for write-off of unamortized discount	$ 200

Current and long-term debt - 20

Current and long-term debt - 2020 $225.0 million Credit Facility (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Disclosure of detailed information about borrowings [line items]
Write-off of deferred financing fees	$ 5,784	$ 1,326
2020 $225 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	79,100
Write-off of deferred financing fees	$ 1,200

Current and long-term debt - $4

Current and long-term debt - $43.6 Million Credit Facility (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Disclosure of detailed information about borrowings [line items]
Write-off of deferred financing fees	$ 5,784	$ 1,326
Twenty Twenty One $43.6 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	41,900
Write-off of deferred financing fees	$ 500

Current and long-term debt - _2

Current and long-term debt - 2022 AVIC Lease Financing (Details) $ in Thousands	2 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($) tanker	Jun. 30, 2022 USD ($) tanker	Jun. 30, 2022 USD ($) tanker	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Disclosure of detailed information about borrowings [line items]
Write-off of deferred financing fees			$ 5,784	$ 1,326
Debt extinguishment cost		$ 2,900
Adjustment to interest rate basis	3.50%	3.50%	3.50%
Periodic borrowing payment, amount	$ 2,300
Deposit as a percent of borrowing amount	1%	1%	1%
Aggregate amount of deposit	$ 1,200	$ 1,200	$ 1,200
2022 AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Aggregate proceeds	$ 118,400
Borrowings, bareboat charter term	9 years
Net debt to capitalization ratio	70%
Consolidated tangible net worth	$ 650,000
Minimum percentage, fair market value of collateral on or before the third anniversary of delivery	110%	110%	110%
$116.0 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	$ 90,200
Borrowings	$ 116,000	$ 116,000	$ 116,000		$ 116,000
Write-off of deferred financing fees			500
Debt extinguishment cost			$ 400
Vessels | 2022 AVIC Lease Financing | STI Gramercy And STI Queens | MR
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | tanker	2	2	2
Vessels | 2022 AVIC Lease Financing | STI Selatar And STI Oxford | LR2
Disclosure of detailed information about borrowings [line items]
Number of vessels under finance lease arrangements | tanker	2	2	2

Current and long-term debt - AV

Current and long-term debt - AVIC Lease Financing (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended
	Feb. 28, 2022	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Disclosure of detailed information about borrowings [line items]
Write-off of deferred financing fees and unamortized discounts on sale and leaseback facilities			$ 4,543	$ 1,326
Debt extinguishment cost		$ 2,900
STI Fontvieille
Disclosure of detailed information about borrowings [line items]
Write-off of deferred financing fees and unamortized discounts on sale and leaseback facilities	$ 100
Debt extinguishment cost	$ 200
STI Fontvieille | AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings			$ 17,200

Current and long-term debt - $1

Current and long-term debt - $157.5 Million Lease Financing (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Disclosure of detailed information about borrowings [line items]
Write-off of deferred financing fees and unamortized discounts on sale and leaseback facilities			$ 4,543	$ 1,326
Debt extinguishment cost		$ 2,900
STI Benicia
Disclosure of detailed information about borrowings [line items]
Write-off of deferred financing fees and unamortized discounts on sale and leaseback facilities	$ 100
Debt extinguishment cost	200
STI Benicia | $157.5 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	$ 14,200

Current and long-term debt - $6

Current and long-term debt - $670.0 Million Lease Financing (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [line items]
Debt extinguishment cost		$ 2.9
STI Majestic
Disclosure of detailed information about borrowings [line items]
Debt extinguishment cost	$ 0.4
$670.0 million Lease Financing
Disclosure of detailed information about borrowings [line items]
Borrowings			$ 670
$670.0 million Lease Financing | STI Majestic
Disclosure of detailed information about borrowings [line items]
Repayments of non-current borrowings	$ 25.6

Current and long-term debt - Un

Current and long-term debt - Unsecured Debt Due 2025 (Details) - Unsecured Senior Notes Due 2025 $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Disclosure of detailed information about borrowings [line items]
Aggregate principal amount notes issued	$ 0.4
Proceeds from non-current borrowings	$ 0.4

Current and long-term debt - Co

Current and long-term debt - Convertible Notes Due 2022 (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	May 31, 2022	Jun. 30, 2022
Convertible Notes Due 2022
Disclosure of detailed information about borrowings [line items]
Repayments of bonds, notes and debentures	$ 69.7	$ 69.7

Current and long-term debt - _3

Current and long-term debt - Convertible Notes Due 2025 (Details) - USD ($)	1 Months Ended	6 Months Ended
	May 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Disclosure of detailed information about borrowings [line items]
Write-off of deferred financing fees and unamortized discounts on sale and leaseback facilities		$ 4,543,000	$ 1,326,000
Convertible Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Repurchase of notes, face amount	$ 10,800,000
Average price per note	1,158.94
Principal amount	1,000
Proceeds from (repayments) of borrowings for convertible notes excluding debt issue costs, classified as financing activities	12,600,000
Reduction of liability - convertible note	11,200,000
Reduction of equity component - convertible notes	1,700,000
Gain (loss) on repurchase of convertible notes	400,000
Write-off of deferred financing fees and unamortized discounts on sale and leaseback facilities	$ 100,000
Convertible Notes Due 2025 | June 2021 Convertible Notes Offering
Disclosure of detailed information about borrowings [line items]
Issued price, percentage of par	106%

Current and long-term debt - _4

Current and long-term debt - Convertible rate adjustments (Details)	Mar. 02, 2022	May 21, 2021 USD ($)	May 31, 2022 USD ($)	Mar. 02, 2021 USD ($)
Convertible Senior Notes Due 2022 and 2025
Disclosure of detailed information about borrowings [line items]
Principal amount		$ 1,000		$ 1,000
Convertible conversion rate	0.02731420
Increase in conversion rate	0.00015710
Convertible Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Principal amount			$ 1,000
Convertible conversion rate		0.02740830
Increase in conversion rate		0.00009410

Common shares - Narrative (Deta

Common shares - Narrative (Details) $ / shares in Units, $ in Millions	1 Months Ended				2 Months Ended	6 Months Ended
	Jul. 31, 2022 $ / shares	May 31, 2022 USD ($) $ / shares	Apr. 30, 2022 $ / shares	Feb. 28, 2022 $ / shares	May 31, 2022 USD ($) shares	Jun. 30, 2022 USD ($) shares $ / shares	Jun. 30, 2021 shares $ / shares	Dec. 31, 2021 shares $ / shares	Sep. 30, 2020 USD ($)
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)						7,519,324		7,519,324
Convertible Notes Due 2025
Disclosure of classes of share capital [line items]
Aggregate principal amount repurchased | $		$ 10.8			$ 10.8
Repayments of bonds, notes and debentures | $		$ 12.5
Repayments of bonds, notes and debentures, premium (discount), as a percentage		106%			106%
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)						59,415,013		58,369,516
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 | $						$ 237.5
Restricted Stock
Disclosure of classes of share capital [line items]
Number of shares granted (in shares)						1,047,997
Number of shares outstanding and non-vested (in shares)						3,559,109	3,720,577	2,997,992
Restricted Stock | 2013 Equity Incentive Plan
Disclosure of classes of share capital [line items]
Number of shares granted (in shares)					1,047,997
Restricted stock, share price (in dollars per share) | $ / shares		$ 26.11	$ 21.33
Restricted Stock | Employees | First vesting percentage | 2013 Equity Incentive Plan
Disclosure of classes of share capital [line items]
Vested rights, percentage					33.33%
Restricted Stock | Employees | Second vesting percentage | 2013 Equity Incentive Plan
Disclosure of classes of share capital [line items]
Vested rights, percentage					33.33%
Restricted Stock | Employees | Third vesting percentage | 2013 Equity Incentive Plan
Disclosure of classes of share capital [line items]
Vested rights, percentage					33.33%
Restricted Stock | Directors | First vesting percentage | 2013 Equity Incentive Plan
Disclosure of classes of share capital [line items]
Vested rights, percentage					33.33%
Restricted Stock | Directors | Second vesting percentage | 2013 Equity Incentive Plan
Disclosure of classes of share capital [line items]
Vested rights, percentage					33.33%
Restricted Stock | Directors | Third vesting percentage | 2013 Equity Incentive Plan
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, 2022 shares $ / shares	Jun. 30, 2021 shares
Reconciliation of Share-based Payment Awards in Period [Roll Forward]
Number of shares outstanding and non-vested, beginning balance (in shares) | shares	2,997,992
Number of shares granted (in shares) | shares	1,047,997
Number of shares vested (in shares) | shares	(484,380)
Number of shares forfeited (in shares) | shares	(2,500)
Number of shares outstanding and non-vested, ending balance (in shares) | shares	3,559,109	3,720,577
Weighted average grand date fair value, outstanding, beginning balance (in dollars per share) | $ / shares	$ 23.27
Weighted average grant date fair value, granted (in dollars per share) | $ / shares	21.39
Weighted average grant date fair value, vested (in dollars per share) | $ / shares	25.96
Weighted average grant date fair value, forfeited (in dollars per share) | $ / shares	16.66
Weighted average grand date fair value, outstanding, ending balance (in dollars per share) | $ / shares	$ 22.35

Common shares - Summary of futu

Common shares - Summary of future stock compensation expense (Details) - Restricted Stock $ in Thousands	Jun. 30, 2022 USD ($)
Disclosure of terms and conditions of share-based payment arrangement [line items]
From July 1, 2022 through December 31, 2022	$ 9,722
For the year ending December 31, 2023	13,901
For the year ending December 31, 2024	8,132
For the year ending December 31, 2025	3,427
For the year ending December 31, 2026	1,095
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Expected Expense In Year Five, Share-Based Awards Other Than Options
Total expected stock compensation expense	36,277
Employees
Disclosure of terms and conditions of share-based payment arrangement [line items]
From July 1, 2022 through December 31, 2022	8,761
For the year ending December 31, 2023	13,198
For the year ending December 31, 2024	7,910
For the year ending December 31, 2025	3,427
For the year ending December 31, 2026	1,095
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Expected Expense In Year Five, Share-Based Awards Other Than Options
Total expected stock compensation expense	34,391
Directors
Disclosure of terms and conditions of share-based payment arrangement [line items]
From July 1, 2022 through December 31, 2022	961
For the year ending December 31, 2023	703
For the year ending December 31, 2024	222
For the year ending December 31, 2025	0
For the year ending December 31, 2026	0
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Expected Expense In Year Five, Share-Based Awards Other Than Options
Total expected stock compensation expense	$ 1,886

Related party transactions - Re

Related party transactions - Related party statement of income or loss (Details)	6 Months Ended
	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($) shares
Disclosure of transactions between related parties [line items]
Voyage expenses	$ (2,404,000)	$ (466,000)
Vessel operating costs	(16,618,000)	(17,846,000)
Administrative expenses	$ (6,665,000)	(6,790,000)
Restricted Stock
Disclosure of transactions between related parties [line items]
Number of shares granted (in shares) | shares	1,047,997
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]
Purchases of bunkers	(10,793,000)	(1,695,000)
Other related parties | Scorpio MR Pool Limited | MR
Disclosure of transactions between related parties [line items]
Pool revenue	271,013,000	131,272,000
Other related parties | Scorpio LR2 Pool Limited | LR2
Disclosure of transactions between related parties [line items]
Pool revenue	175,421,000	88,278,000
Other related parties | Scorpio Handymax Tanker Pool Limited | Handymax
Disclosure of transactions between related parties [line items]
Pool revenue	34,190,000	25,783,000
Other related parties | Scorpio LR1 Pool Limited | LR1
Disclosure of transactions between related parties [line items]
Pool revenue	$ 11,169,000	23,344,000
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	$ 25,834	2,462
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]
Voyage expenses	(800,000)	0
Vessel operating costs	(1,000,000)	(1,500,000)
Other related parties | Scorpio Ship Management S.A.M. (SSM)
Disclosure of transactions between related parties [line items]
Technical management fee	15,600,000	16,400,000
Crew wages	73,000,000	75,600,000
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	5,700,000	6,100,000
Reimbursement of expenses	8,443	25,436
Other related parties | Scorpio Services Holding Limited (SSH) | Restricted Stock
Disclosure of transactions between related parties [line items]
Restricted stock amortization	$ 900,000	$ 700,000
Number of shares granted (in shares) | shares	493,300	315,950

Related party transactions - _2

Related party transactions - Related party balance sheet (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Other related parties
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses	$ 193,905	$ 36,216
Scorpio Pools | Other related parties
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses	193,905	36,216
Other assets	61,561	73,161
Accounts payable and accrued expenses	1,892	2,548
SHL | Other related parties
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses	1,706	0
Scorpio Ship Management S.A.M. (SSM) | Other related parties
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses	5,741	3,426
Accounts payable and accrued expenses	961	9,844
Amounts due to a related party port agent | Other related parties
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses	898	674
Scorpio Services Holding Limited (SSH) | Other related parties
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses	541	1,888
Scorpio Commercial Management S.A.M. | Other related parties
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses	$ 793	25
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	$ 5,661	2,379
Other assets	5,661	5,661
Bunker supplier | Other related parties
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses	$ 717	$ 0

Related party transactions - Na

Related party transactions - Narrative (Details)

3 Months Ended

6 Months Ended

Jun. 30, 2022 tanker

Mar. 31, 2022 tanker

Dec. 31, 2021 vessel

Jun. 30, 2022 tanker

Jun. 30, 2022 tanker

Jun. 30, 2022 vessel tanker

Jun. 30, 2022 USD ($) tanker

Jun. 30, 2022 tanker payment

Dec. 31, 2022 vessel

Jun. 30, 2022 vessel

Jun. 30, 2022 USD ($)

Jun. 30, 2022

Aug. 31, 2021 vessel

Disclosure of transactions between related parties [line items]

Number of vessels sold to trigger revised master agreement

1

Period of notice of sale

3 months

Period of payments due for management fees

3 months

Number of sales completed

16

Number of vessels, termination fees paid

12

Number of vessels, termination fees in accounts payable

4

Post employment benefits, number of payments | payment

1

Post employment benefits, number of months of salary paid

2 months

Material post employment benefits for executive offices and directors | $

$ 0

Executive Officer

Disclosure of transactions between related parties [line items]

Lump sum payment multiplier

3

Bottom of range | Executive Officer

Disclosure of transactions between related parties [line items]

Employment agreements, written termination required period, not less than

24 months

Top of range | Executive Officer

Disclosure of transactions between related parties [line items]

Employment agreements, written termination required period, not less than

36 months

Scorpio Commercial Management S.A.M.

Disclosure of transactions between related parties [line items]

Contract termination fees | $

1,700,000

Amounts payable, termination fees | $

$ 500,000

Scorpio Commercial Management S.A.M. | Non-current assets held for sale

Disclosure of transactions between related parties [line items]

Estimated contract termination fee | $

300,000

Scorpio Ship Management S.A.M. (SSM)

Disclosure of transactions between related parties [line items]

Contract termination fees | $

1,000,000

Amounts payable, termination fees | $

$ 300,000

Scorpio Ship Management S.A.M. (SSM) | Non-current assets held for sale

Disclosure of transactions between related parties [line items]

Estimated contract termination fee | $

$ 200,000

MR

Disclosure of transactions between related parties [line items]

Number of sales completed

2

LR1

Disclosure of transactions between related parties [line items]

Number of sales completed

12

LR2

Disclosure of transactions between related parties [line items]

Number of sales completed

2

Vessels

Disclosure of transactions between related parties [line items]

Number of vessels in agreement to sell

17

Vessels | Non-current assets held for sale

Disclosure of transactions between related parties [line items]

Number of vessels in agreement to sell

9

7

18

18

Number of vessels classified as held for sale

2

2

2

2

2

2

2

Vessels | Minority Interest In Portfolio Acquired, August 2021

Disclosure of transactions between related parties [line items]

Number of vessels owned by joint venture sold

2

Vessels | MR

Disclosure of transactions between related parties [line items]

Number of vessels in agreement to sell

2

Vessels | MR | Non-current assets held for sale

Disclosure of transactions between related parties [line items]

Number of vessels in agreement to sell

1

1

3

3

Vessels | LR1

Disclosure of transactions between related parties [line items]

Number of vessels in agreement to sell

12

Vessels | LR1 | Non-current assets held for sale

Disclosure of transactions between related parties [line items]

Number of vessels in agreement to sell

6

6

12

12

Vessels | LR2

Disclosure of transactions between related parties [line items]

Number of vessels in agreement to sell

3

Vessels | LR2 | Non-current assets held for sale

Disclosure of transactions between related parties [line items]

Number of vessels in agreement to sell

2

3

3

Product tanker

Disclosure of transactions between related parties [line items]

Number of vessels

9

Product tanker | MR

Disclosure of transactions between related parties [line items]

Number of vessels

5

Product tanker | LR1

Disclosure of transactions between related parties [line items]

Number of vessels

4

Number of sales completed

2

Product tanker | LR1 | SCM and SSM | Management

Disclosure of transactions between related parties [line items]

Number of vessels

2

STI Benicia | Vessels | MR | Non-current assets held for sale

Disclosure of transactions between related parties [line items]

Number of vessels classified as held for sale | tanker

1

1

1

1

1

1

Minimum

Disclosure of transactions between related parties [line items]

Change in control, annual bonus provided under employment agreement percentage

150%

Maximum

Disclosure of transactions between related parties [line items]

Change in control, annual bonus provided under employment agreement percentage

250%

Subsidiaries | Scorpio Services Holding Limited (SSH) | STI Benicia | Vessels | MR

Disclosure of transactions between related parties [line items]

Number of vessels

1

Related parties [member] | STI Benicia | Vessels | MR | Scorpio Services Holding Limited (SSH)

Disclosure of transactions between related parties [line items]

Percentage of non-controlling interest in buyer

7.50%

Related party transactions - Ke

Related party transactions - Key management remuneration (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Related party transactions [abstract]
Short-term employee benefits (salaries)	$ 9,258	$ 2,663
Share-based compensation	7,444	9,278
Total	$ 16,702	$ 11,941

Segment reporting - Information

Segment reporting - Information about reportable segments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Disclosure of operating segments [line items]
Vessel revenue	$ 579,120	$ 273,607
Vessel operating costs	(161,755)	(163,900)
Voyage expenses	(25,508)	(2,781)
Depreciation - owned or sale and leaseback vessels	(85,159)	(98,006)
Depreciation - right of use assets for vessels	(19,488)	(22,041)
General and administrative expenses	(35,257)	(26,884)
Loss on sale of vessels	(69,218)
Financial expenses	(78,710)	(69,973)
Loss on Convertible Notes exchange	0	(5,504)
Financial income	1,024	412
Other income and (expense), net	1,634	(106)
Net income / (loss)	106,683	(115,176)
Reportable segments
Disclosure of operating segments [line items]
Vessel revenue	579,120	273,607
Vessel operating costs	(161,755)	(163,900)
Voyage expenses	(25,508)	(2,781)
Depreciation - owned or sale and leaseback vessels	(85,159)	(98,006)
Depreciation - right of use assets for vessels	(19,488)	(22,041)
General and administrative expenses	(6,078)	(6,390)
Loss on sale of vessels	(69,218)
Financial expenses	0	0
Loss on Convertible Notes exchange		0
Financial income	334	298
Other income and (expense), net	0	(761)
Net income / (loss)	212,248	(19,974)
Reportable segments | LR1
Disclosure of operating segments [line items]
Vessel revenue	11,169	23,344
Vessel operating costs	(8,847)	(14,065)
Voyage expenses	0	16
Depreciation - owned or sale and leaseback vessels	(1,593)	(10,446)
Depreciation - right of use assets for vessels	0	0
General and administrative expenses	(335)	(581)
Loss on sale of vessels	(44,560)
Financial expenses	0	0
Loss on Convertible Notes exchange		0
Financial income	20	2
Other income and (expense), net	0	(393)
Net income / (loss)	(44,146)	(2,123)
Reportable segments | Handymax
Disclosure of operating segments [line items]
Vessel revenue	88,508	25,783
Vessel operating costs	(17,460)	(19,814)
Voyage expenses	(15,634)	(479)
Depreciation - owned or sale and leaseback vessels	(10,351)	(10,454)
Depreciation - right of use assets for vessels	0	(1,773)
General and administrative expenses	(684)	(760)
Loss on sale of vessels	0
Financial expenses	0	0
Loss on Convertible Notes exchange		0
Financial income	0	0
Other income and (expense), net	0	0
Net income / (loss)	44,379	(7,497)
Reportable segments | LR2
Disclosure of operating segments [line items]
Vessel revenue	189,950	88,278
Vessel operating costs	(55,077)	(50,834)
Voyage expenses	(4,743)	(243)
Depreciation - owned or sale and leaseback vessels	(38,049)	(40,112)
Depreciation - right of use assets for vessels	(4,169)	(4,216)
General and administrative expenses	(2,051)	(2,034)
Loss on sale of vessels	(15,093)
Financial expenses	0	0
Loss on Convertible Notes exchange		0
Financial income	0	0
Other income and (expense), net	0	0
Net income / (loss)	70,768	(9,161)
Reportable segments | MR
Disclosure of operating segments [line items]
Vessel revenue	289,493	136,202
Vessel operating costs	(80,371)	(79,187)
Voyage expenses	(5,131)	(2,075)
Depreciation - owned or sale and leaseback vessels	(35,166)	(36,994)
Depreciation - right of use assets for vessels	(15,319)	(16,052)
General and administrative expenses	(3,008)	(3,015)
Loss on sale of vessels	(9,565)
Financial expenses	0	0
Loss on Convertible Notes exchange		0
Financial income	314	296
Other income and (expense), net	0	(368)
Net income / (loss)	141,247	(1,193)
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	(29,179)	(20,494)
Loss on sale of vessels	0
Financial expenses	(78,710)	(69,973)
Loss on Convertible Notes exchange		(5,504)
Financial income	690	114
Other income and (expense), net	1,634	655
Net income / (loss)	$ (105,565)	$ (95,202)

Vessel revenue - Narrative (Det

Vessel revenue - Narrative (Details) - vessel	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Analysis of income and expense [abstract]
Number of vessels that earned revenue in long-term contracts	2	0
Variability of lease revenue	100%
Number of ships that entered into time charter-out contracts	8	0
Number of ships that earned revenue in time charter-out contracts	2

Vessel revenue - Revenue source

Vessel revenue - Revenue sources (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Analysis of income and expense [abstract]
Pool revenue	$ 491,793	$ 268,677
Voyage revenue (spot market)	86,252	4,930
Time charter revenue	1,075	0
Vessel revenue	$ 579,120	$ 273,607

Vessel revenue - Lease and non-

Vessel revenue - Lease and non-lease components (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Analysis of income and expense [abstract]
Lease component of revenue from time charter-out and pool revenue	$ 303,268	$ 141,722
Non-lease component of revenue from time charter-out and pool revenue	189,600	126,955
Total lease and non-lease components of revenue	$ 492,868	$ 268,677

Vessel revenue - Terms of time

Vessel revenue - Terms of time chartered vessels (Details) - Vessels	6 Months Ended
	Jun. 30, 2022 USD ($)
STI Gratitude | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term	3 years
Rate	$ 28,000
STI Memphis | MR
Disclosure of maturity analysis of operating lease payments [line items]
Term	3 years
Rate	$ 21,000
STI Marshall | MR
Disclosure of maturity analysis of operating lease payments [line items]
Term	3 years
Rate	$ 23,000
STI Magnetic | MR
Disclosure of maturity analysis of operating lease payments [line items]
Term	3 years
Rate	$ 23,000
STI Gladiator | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term	3 years
Rate	$ 28,000
STI Guide | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term	3 years
Rate	$ 28,000
STI Guard | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term	5 years
Rate	$ 28,000
STI Miracle | MR
Disclosure of maturity analysis of operating lease payments [line items]
Term	3 years
Rate	$ 21,000

Crewing costs - Summary of crew

Crewing costs - Summary of crew expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Analysis of income and expense [abstract]
Short-term crew benefits (i.e. wages, victualing, insurance)	$ 81,510	$ 85,799
Other crew related costs	12,775	11,740
Total crewing cost	$ 94,285	$ 97,539

Financial expenses - Schedule o

Financial expenses - Schedule of financial expenses (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	May 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Disclosure of attribution of expenses by nature to their function [line items]
Interest expense, net of capitalized interest		$ 60,300	$ 57,888
Write-offs of deferred financing fees and debt extinguishment costs		5,784	1,326
Accretion of convertible notes		7,747	5,384
Amortization of deferred financing fees		3,483	3,689
Accretion of premiums and discounts on assumed debt		1,396	1,686
Total financial expenses		78,710	69,973
Average borrowings		2,900,000	$ 3,100,000
Write off of deferred financing fees		3,800
Write off of debt discounts		700
Write off of debt extinguishment cost		1,200
Convertible Notes Due 2022
Disclosure of attribution of expenses by nature to their function [line items]
Repayments of bonds, notes and debentures	$ 69,700	$ 69,700

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, 2022	Jun. 30, 2021
Earnings per share [abstract]
Net income / (loss) attributable to equity holders of the parent - basic	$ 106,683	$ (115,176)
Convertible notes interest expense	12,032	0
Net income / (loss) attributable to equity holders of the parent - diluted	$ 118,715	$ (115,176)
Basic weighted average number of shares (in shares)	55,502,389	54,388,504
Effect of dilutive potential basic shares:
Restricted stock (in shares)	2,283,834	0
Convertible Notes (in shares)	6,825,428	0
Dilutive shares (in shares)	9,109,262	0
Diluted weighted average number of shares (in shares)	64,611,651	54,388,504
Earnings / (Loss) Per Share:
Basic (in dollars per share)	$ 1.92	$ (2.12)
Diluted (in dollars per share)	$ 1.84	$ (2.12)

Earnings _ (loss) per share - N

Earnings / (loss) per share - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 shares	Jun. 30, 2021 shares	Dec. 31, 2021 shares
Convertible Debt Securities
Earnings per share [line items]
Antidilutive securities excluded from computation of earnings per share	7,225,427	7,224,568
Convertible Notes Due 2022
Earnings per share [line items]
Antidilutive securities excluded from computation of earnings per share	1,903,663
Restricted Stock
Earnings per share [line items]
Number of shares outstanding and non-vested (in shares)	3,559,109	3,720,577	2,997,992

Financial instruments - finan_3

Financial instruments - financial and other risks - Categories of financial instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Apr. 30, 2017
Disclosure of detailed information about financial instruments [line items]
Sale leaseback transaction, aggregate amount	$ 11,107	$ 10,793
Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	20,556	24,821
Secured bank loans | Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	3,800	6,400
Sale and leaseback liability | Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	12,200	13,100
Unsecured Senior Notes Due 2025 | Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	2,000	2,300
Unsecured Senior Notes Due 2025 | Unamortized Discount On Debt
Disclosure of detailed information about financial instruments [line items]
Borrowings	100	200
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	12,866	35,080
Financial liabilities at amortised cost, category | Accrued expenses
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	43,446	24,906
Financial liabilities at amortised cost, category | Secured bank loans
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	279,933	566,310
Financial liabilities at amortised cost, category | Sale and leaseback liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	1,546,432	1,639,991
Financial liabilities at amortised cost, category | Unsecured Senior Notes Due 2025
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	70,571	70,209
Financial liabilities at amortised cost, category | Convertible Notes Due 2022
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	69,695
Financial liabilities at amortised cost, category | Convertible Notes Due 2025
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	202,111	208,133
IFRS 16 - Lease liability | IFRS 16 - Lease liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	522,809	575,377
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	12,866	35,080
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	43,446	24,906
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	1,546,543	1,648,993
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	70,712	69,366
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	279,933	566,310
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	0	69,059
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	222,668	195,438
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	522,478	575,834
Loans and receivables | Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	359,528	230,415
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	359,528	230,415
Loans and receivables | Restricted cash
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	783	4,791
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	783	4,791
Loans and receivables | Loans and receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	206,456	38,069
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	206,456	38,069
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	61,561	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	61,561	73,161
Loans and receivables | Sellers credit on sale leaseback vessels
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	11,107	10,793
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	$ 11,107	$ 10,793

Financial instruments - finan_4

Financial instruments - financial and other risks - Narrative (Details) $ in Millions	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($) vessel
2021 $21.0 Million Credit Facility | Less than 1 year
Disclosure of detailed information about financial instruments [line items]
Number of vessels | vessel		1
Borrowings	$ 17.5
Credit Agricole Credit Facility
Disclosure of detailed information about financial instruments [line items]
Borrowings		$ 21

General and administrative ex_2

General and administrative expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Analysis of income and expense [abstract]
Increase in general and administrative expense	$ (8,400)
General and administrative expense	$ 35,257	$ 26,884

Subsequent events (Details)

Subsequent events (Details)	1 Months Ended					3 Months Ended		6 Months Ended
	Sep. 30, 2022 USD ($) vessel	Aug. 31, 2022 USD ($) vessel $ / shares shares	Jul. 31, 2022 USD ($) $ / shares	Jun. 30, 2022 USD ($)	May 31, 2022 USD ($)	Sep. 30, 2022 $ / shares shares	Jun. 30, 2022 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Feb. 28, 2021 USD ($)
Disclosure of non-adjusting events after reporting period [line items]
Repayments of borrowings							$ 313,100,000		$ 507,764,000	$ 341,449,000
Declaration of dividend
Disclosure of non-adjusting events after reporting period [line items]
Dividends per share (in USD per share) | $ / shares			$ 0.10
Major ordinary share transactions
Disclosure of non-adjusting events after reporting period [line items]
Stock repurchase, number of shares repurchased (in shares) | shares						1,397,220
Stock repurchase, average purchase price (in USD per share) | $ / shares						$ 38.32
Major ordinary share transactions | Other related parties | Eneti, Inc.
Disclosure of non-adjusting events after reporting period [line items]
Stock repurchase, number of shares repurchased (in shares) | shares		1,293,661
Stock repurchase, average purchase price (in USD per share) | $ / shares		$ 38.65
Exercise of purchase option
Disclosure of non-adjusting events after reporting period [line items]
Repayments of borrowings		$ 95,000,000
Number of leased vessels under exercised purchase option | vessel	9	6
Exercise of purchase option | Forecast
Disclosure of non-adjusting events after reporting period [line items]
Decrease in debt								$ 160,800,000
Time charter out agreement on STI Goal
Disclosure of non-adjusting events after reporting period [line items]
Time charter out agreement, term			3 years
Time charter out agreement, rate			$ 30,380
Time charter out agreement, rate, year four			32,380
Time charter out agreement, rate, year five			34,380
Time charter out agreement on STI Lombard
Disclosure of non-adjusting events after reporting period [line items]
Time charter out agreement, term		3 years
Time charter out agreement, rate		$ 32,750
Time charter out agreement, rate, year four		34,750
Time charter out agreement, rate, year five		36,750
Exercise Of Purchase Option On Handymax Product Tankers
Disclosure of non-adjusting events after reporting period [line items]
Number of leased vessels under exercised purchase option | vessel	2
Exercise Of Purchase Option On MR Product Tankers
Disclosure of non-adjusting events after reporting period [line items]
Number of leased vessels under exercised purchase option | vessel	4
Exercise Of Purchase Option On LR2 Product Tankers
Disclosure of non-adjusting events after reporting period [line items]
Number of leased vessels under exercised purchase option | vessel	3
Time Charter Out Agreement On STI Gauntlet
Disclosure of non-adjusting events after reporting period [line items]
Time charter out agreement, term	3 years
Time charter out agreement, rate	$ 32,750
Convertible Notes Due 2025
Disclosure of non-adjusting events after reporting period [line items]
Repayments of bonds, notes and debentures					$ 12,500,000
Average price per note					1,158.94
Principal amount					1,000
Proceeds from (repayments) of borrowings for convertible notes excluding debt issue costs, classified as financing activities					$ 12,600,000
Convertible Notes Due 2025 | June 2021 Convertible Notes Offering
Disclosure of non-adjusting events after reporting period [line items]
Issued price, percentage of par					106%
Convertible Notes Due 2025 | Repurchase of convertible notes due 2025
Disclosure of non-adjusting events after reporting period [line items]
Repayments of bonds, notes and debentures			1,500,000
Average price per note			1,145
Principal amount			1,000
Proceeds from (repayments) of borrowings for convertible notes excluding debt issue costs, classified as financing activities			$ 1,700,000
Issued price, percentage of par			107%
$157.5 million Lease Financing
Disclosure of non-adjusting events after reporting period [line items]
Borrowings				$ 157,500,000			157,500,000		157,500,000
2020 $225 Million Credit Facility
Disclosure of non-adjusting events after reporting period [line items]
Borrowings				225,000,000			$ 225,000,000		$ 225,000,000		$ 225,000,000
2020 $225 Million Credit Facility | Repayment Of 2020 $225.0 Million Credit Facility
Disclosure of non-adjusting events after reporting period [line items]
Repayments of bonds, notes and debentures		$ 20,000,000
Vessels | MR | STI Benicia | Non-current assets held for sale
Disclosure of non-adjusting events after reporting period [line items]
Repayments of borrowings				$ 14,200,000