Scorpio Tankers (STNG) 6-K 29 Sep 23 2023 Q2 Current report (foreign) Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2023
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, 2023
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 313,923	$ 376,870
Accounts receivable	201,568	276,700
Prepaid expenses and other current assets	10,667	18,159
Inventories	8,506	15,620
Assets held for sale	24,561	0
Total current assets	559,225	687,349
Non-current assets
Vessels and drydock	3,319,688	3,089,254
Right of use assets for vessels	348,797	689,826
Other assets	83,742	83,754
Goodwill	8,197	8,197
Restricted cash	783	783
Total non-current assets	3,761,207	3,871,814
Total assets	4,320,432	4,559,163
Current liabilities
Current portion of long-term bank debt	86,087	31,504
Sale and leaseback liability	128,823	269,145
IFRS 16 - lease liability	161,887	52,346
Accounts payable	11,220	28,748
Accrued expenses	72,893	91,508
Total current liabilities	460,910	473,251
Non-current liabilities
Long-term bank debt and bonds	569,327	264,106
Sale and leaseback liability	778,816	871,469
IFRS 16 - lease liability	86,981	443,529
Total non-current liabilities	1,435,124	1,579,104
Total liabilities	1,896,034	2,052,355
Shareholders’ equity
Common stock, $0.01 par value per share; 150,000,000 shares authorized; 54,999,908 and 61,262,838 issued and outstanding shares as of June 30, 2023 and December 31, 2022, respectively.	745	727
Additional paid-in capital	3,066,288	3,049,732
Treasury shares	(1,040,489)	(641,545)
Retained earnings	397,854	97,894
Total shareholders’ equity	2,424,398	2,506,808
Total liabilities and shareholders’ equity	$ 4,320,432	$ 4,559,163

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - Common stock - $ / shares	Jun. 30, 2023	Dec. 31, 2022
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)	54,999,908	61,262,838
Number of shares issued (in shares)	54,999,908	61,262,838

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Revenue
Vessel revenue	$ 713,730	$ 579,120
Operating expenses
Vessel operating costs	(152,532)	(161,755)
Voyage expenses	(9,013)	(25,508)
Depreciation - owned or sale and leaseback vessels	(82,688)	(85,159)
Depreciation - right of use assets for vessels	(18,003)	(19,488)
General and administrative expenses	(49,480)	(35,257)
Loss on sales of vessels and write-down of vessel held for sale	0	(69,218)
Total operating expenses	(311,716)	(396,385)
Operating income	402,014	182,735
Other (expense) and income, net
Financial expenses	(87,252)	(78,710)
Financial income	8,544	1,024
Other income, net	2,332	1,634
Total other expense, net	(76,376)	(76,052)
Net income	325,638	106,683
Attributable to:
Equity holders of the parent	$ 325,638	$ 106,683
Earnings per share
Basic (in dollars per share)	$ 5.93	$ 1.92
Diluted (in dollars per share)	$ 5.69	$ 1.84
Basic weighted average shares outstanding (in shares)	54,926,939	55,502,389
Diluted weighted average shares outstanding (in shares)	57,186,103	64,611,651

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) / Retained earnings USD ($)
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 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 2025		(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)
Beginning balance (in shares) at Dec. 31, 2022 | shares			61,262,838
Beginning balance at Dec. 31, 2022		2,506,808	$ 727	3,049,732	(641,545)	97,894
Net income for the period		325,638				325,638
Issuance of restricted stock, net of forfeitures (in shares) | shares			1,807,750
Issuance of restricted stock, net of forfeitures		0	$ 18	(18)
Amortization of restricted stock, net of forfeitures		16,574		16,574
Entity's shares acquired (in shares) | shares			(8,070,680)
Dividends paid	[1]	(25,678)				(25,678)
Purchase of Treasury Shares		(398,944)			(398,944)
Ending balance (in shares) at Jun. 30, 2023 | shares			54,999,908
Ending balance at Jun. 30, 2023		$ 2,424,398	$ 745	$ 3,066,288	$ (1,040,489)	$ 397,854
[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
	May 31, 2023	Feb. 28, 2023	Jun. 30, 2023	Jun. 30, 2022
Statement of changes in equity [abstract]
Dividends paid, ordinary shares per share (in dollars per share)	$ 0.25	$ 0.20	$ 0.45	$ 0.20

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Cash Flow Statements - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Net income	$ 325,638	$ 106,683
Depreciation - owned or sale and leaseback vessels	82,688	85,159
Depreciation - right of use assets for vessels	18,003	19,488
Amortization of restricted stock	16,574	10,676
Amortization of deferred financing fees	2,548	3,484
Write-off of deferred financing fees and unamortized discounts on sale and leaseback facilities	824	4,543
Loss on sales of vessels and write-down of vessel held for sale	0	69,218
Accretion of Convertible Notes	0	7,748
Accretion of fair value measurement on debt assumed from historical acquisitions	656	1,396
Gain on Convertible Notes exchange	0	(412)
Share of income from dual fuel tanker joint venture	(2,395)	(133)
Cash flows from (used in) operations before changes in working capital	444,536	307,850
Changes in assets and liabilities:
Decrease in inventories	7,114	5,873
Decrease / (increase) in accounts receivable	75,132	(166,834)
Decrease / (increase) in prepaid expenses and other current assets	7,492	(4,583)
Decrease / (increase) in other assets	918	(185)
Decrease in accounts payable	(16,497)	(20,740)
(Decrease) / increase in accrued expenses	(17,346)	18,421
Increase (decrease) in working capital	56,813	(168,048)
Net cash inflow from operating activities	501,349	139,802
Investing activities
Net proceeds from sales of vessels	0	541,187
Distributions from dual fuel tanker joint venture	1,489	240
Drydock, scrubber, ballast water treatment system and other vessel related payments (owned, lease financed and bareboat-in vessels)	(13,545)	(22,779)
Net cash (outflow) / inflow from investing activities	(12,056)	518,648
Financing activities
Principal repayments on debt and sale and leaseback obligations	(260,950)	(507,764)
Issuance of debt	391,482	122,637
Debt issuance costs	(7,524)	(1,621)
Principal repayments on IFRS 16 lease liabilities	(250,626)	(52,568)
Decrease in restricted cash	0	4,008
Repurchase / repayment of convertible notes	0	(82,251)
Dividends paid	(25,678)	(11,778)
Repurchase of common stock	(398,944)	0
Net cash outflow from financing activities	(552,240)	(529,337)
(Decrease) / increase in cash and cash equivalents	(62,947)	129,113
Cash and cash equivalents at beginning of period	376,870	230,415
Cash and cash equivalents at end of period	313,923	359,528
Supplemental information:
Interest paid (which includes $7 thousand of interest capitalized during the six months ended June 30, 2023. $0.1 million of interest expense was capitalized during the six months ended June 30, 2022.)	$ 73,960	$ 60,276

Unaudited Condensed Consolida_7

Unaudited Condensed Consolidated Cash Flow Statements (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from (used in) operating activities [abstract]
Interest costs capitalised	$ 7	$ 100

General information and signifi

General information and significant accounting policies	6 Months Ended
	Jun. 30, 2023
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, 2023 consisted of 113 owned, sale and leaseback, or bareboat chartered-in product tankers (14 Handymax, 60 MR and 39 LR2). An MR product tanker was classified as held for sale as of June 30, 2023 and was subsequently sold in July 2023. 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, 2023 have been prepared in accordance with International Accounting Standard 34, 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, 2022. 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 20. 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 from January 1, 2023 IAS 1 - Disclosure of Accounting Policies - To require entities to disclose material accounting policies, instead of significant accounting policies. The amendments clarify, among other things, that accounting policy information may be material because of its nature, even if the related amounts are immaterial. This standard is effective for annual periods beginning on or after January 1, 2023. IAS 8 - Changes in Accounting Estimates - The definition of a change in accounting estimates is replaced with a definition of accounting estimates. Under the new definition, accounting estimates are “monetary amounts in financial statements that are subject to measurement uncertainty”. The Board clarified that a change in accounting estimate that results from new information or new developments is not the correction of an error. In addition, the effects of a change in an input or a measurement technique used to develop an accounting estimate are changes in accounting estimates if they do not result from the correction of prior period errors. A change in an accounting estimate may affect only the current period’s profit or loss, or the profit or loss of both the current period and future periods. The effect of the change relating to the current period is recognized as income or expense in the current period. The effect, if any, on future periods is recognized as income or expense in those future periods. IAS 12 - Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction - These amendments require companies to recognize deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deductible temporary differences. IFRS 17 - Insurance Contracts - This new standard requires insurance liabilities to be measured at a current fulfillment value and provides a more uniform measurement and presentation approach for all insurance contracts. The adoption of these standards did not have significant impact on our financial statements. No significant standards and interpretations were adopted during the six months ended June 30, 2022.

Prepaid expenses and other asse

Prepaid expenses and other assets	6 Months Ended
	Jun. 30, 2023
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, 2023 and December 31, 2022: As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Prepaid vessel operating expenses - SSM $ 5,562 $ 5,450 Prepaid expenses - SCM 85 84 Prepaid expenses - Scorpio Handymax Tanker Pool Limited 3 3 Prepaid expenses - related party port agent — 98 Prepaid expenses - Scorpio MR Pool Limited — 14 Prepaid expenses - Scorpio LR2 Pool Limited — 1 Prepaid expenses and other current assets - related parties 5,650 5,650 Third party - prepaid vessel operating expenses 2,404 2,787 Prepaid insurance 1,655 744 Prepaid port agent advances 3 3,086 Other prepaid expenses 955 5,892 $ 10,667 $ 18,159

Accounts receivable

Accounts receivable	6 Months Ended
	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
Accounts receivable	Accounts receivable The following is a table summarizing our accounts receivable as of June 30, 2023 and December 31, 2022: As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Scorpio MR Pool Limited $ 106,233 $ 115,092 Scorpio LR2 Pool Limited 87,200 113,523 Scorpio Handymax Tanker Pool Limited 4,238 7,149 Scorpio Services Holding Limited (SSH) 1,635 4,976 Scorpio LR1 Pool Limited 551 607 Receivables from related parties 199,857 241,347 Insurance receivables 1,157 878 Spot voyage and time charter receivables 554 34,475 $ 201,568 $ 276,700 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. Accounts receivable from SSH include revenue earned and expenses incurred for voyages in the spot market or on time charter through SSH, a related party. Insurance receivables primarily represent amounts collectible on our insurance policies in relation to vessel repairs. Freight and time charter receivables represent amounts collectible from customers for our vessels operating on time charter or in the spot market. Freight receivables decreased as a result of a fewer number of vessels operating in the spot market during the six months ended June 30, 2023 as compared to the year ended December 31, 2022.

Assets held for sale and Vessel

Assets held for sale and Vessels and drydock	6 Months Ended
	Jun. 30, 2023
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, 2023, we entered into an agreement to sell an MR vessel, STI Ville, for a sales price of $32.5 million. The carrying amount of this vessel, which was previously recorded within Vessels and drydock, was classified as an asset held for sale as of June 30, 2023. In July 2023, we closed on the sale of STI Ville . Operating vessels and drydock The following is a rollforward of the activity within Vessels and drydock from January 1, 2023 through June 30, 2023. In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2023 $ 4,045,062 $ 117,641 $ 4,162,703 Transfer from right of use assets, net (1) 326,017 628 326,645 Additions (2) 2,742 8,296 11,038 Vessels held for sale (3) (36,853) (1,235) (38,088) Fully depreciated assets (4) — (1,500) (1,500) As of June 30, 2023 4,336,968 123,830 4,460,798 Accumulated depreciation As of January 1, 2023 (1,016,258) (57,191) (1,073,449) Charge for the period (70,951) (11,737) (82,688) Vessels held for sale (3) 12,574 953 13,527 Fully depreciated assets (4) — 1,500 1,500 As of June 30, 2023 (1,074,635) (66,475) (1,141,110) Net book value As of June 30, 2023 $ 3,262,333 $ 57,355 $ 3,319,688 Net book value As of December 31, 2022 $ 3,028,804 $ 60,450 $ 3,089,254 (1) During the six months ended June 30, 2023, we exercised the purchase options on leases for seven MR vessels ( STI Magnetic , STI Marshall , STI Magic , STI Mystery , STI Marvel , STI Magister and STI Mythic ) and two LR2 vessels ( STI Lavender and STI Lobelia ) that had been previously recorded as Right of use assets for vessels. The carrying amounts of these Right of Use Assets were reclassified to Vessels and Drydock as a result of these transactions. These transactions are further described in Note 5. (2) Additions during the six months ended June 30, 2023 primarily relate to the various costs incurred for drydocks and ballast water treatment systems (which are reported as part of the Vessels component). (3) Represents the carrying value of an MR vessel ( STI Ville ) which was contracted to be sold and reclassified to Assets held for sale during the six months ended June 30, 2023. This transaction is described above. (4) 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, 2023: 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 $ 8,296 $ — $ 8,296 $ — $ 2,732 $ 3 $ 7 $ 2,742 (1) Additions during the six months ended June 30, 2023 includes new costs and adjustments to costs accrued in prior periods relating to drydocks and ballast water treatment system 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, 2023, we have retrofitted a total of 85 of our vessels with scrubbers and 56 vessels with BWTS (which includes vessels that have been sold and 55 BWTS that were previously contracted as described in Note 7). The following table is a timeline of future expected payments and dates for our commitments to purchase scrubbers and BWTS as of June 30, 2023 (1) : In thousands of U.S. dollars As of June 30, 2023 Less than 1 month $ — 1-3 months 236 3 months to 1 year 12,291 1-5 years 305 5+ years — Total $ 12,832 (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, 2023, we entered into an agreement to sell an MR vessel, STI Ville, for a sales price of $32.5 million. The carrying amount of this vessel, which was previously recorded within Vessels and drydock, was classified as an asset held for sale as of June 30, 2023. In July 2023, we closed on the sale of STI Ville . Operating vessels and drydock The following is a rollforward of the activity within Vessels and drydock from January 1, 2023 through June 30, 2023. In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2023 $ 4,045,062 $ 117,641 $ 4,162,703 Transfer from right of use assets, net (1) 326,017 628 326,645 Additions (2) 2,742 8,296 11,038 Vessels held for sale (3) (36,853) (1,235) (38,088) Fully depreciated assets (4) — (1,500) (1,500) As of June 30, 2023 4,336,968 123,830 4,460,798 Accumulated depreciation As of January 1, 2023 (1,016,258) (57,191) (1,073,449) Charge for the period (70,951) (11,737) (82,688) Vessels held for sale (3) 12,574 953 13,527 Fully depreciated assets (4) — 1,500 1,500 As of June 30, 2023 (1,074,635) (66,475) (1,141,110) Net book value As of June 30, 2023 $ 3,262,333 $ 57,355 $ 3,319,688 Net book value As of December 31, 2022 $ 3,028,804 $ 60,450 $ 3,089,254 (1) During the six months ended June 30, 2023, we exercised the purchase options on leases for seven MR vessels ( STI Magnetic , STI Marshall , STI Magic , STI Mystery , STI Marvel , STI Magister and STI Mythic ) and two LR2 vessels ( STI Lavender and STI Lobelia ) that had been previously recorded as Right of use assets for vessels. The carrying amounts of these Right of Use Assets were reclassified to Vessels and Drydock as a result of these transactions. These transactions are further described in Note 5. (2) Additions during the six months ended June 30, 2023 primarily relate to the various costs incurred for drydocks and ballast water treatment systems (which are reported as part of the Vessels component). (3) Represents the carrying value of an MR vessel ( STI Ville ) which was contracted to be sold and reclassified to Assets held for sale during the six months ended June 30, 2023. This transaction is described above. (4) 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, 2023: 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 $ 8,296 $ — $ 8,296 $ — $ 2,732 $ 3 $ 7 $ 2,742 (1) Additions during the six months ended June 30, 2023 includes new costs and adjustments to costs accrued in prior periods relating to drydocks and ballast water treatment system 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, 2023, we have retrofitted a total of 85 of our vessels with scrubbers and 56 vessels with BWTS (which includes vessels that have been sold and 55 BWTS that were previously contracted as described in Note 7). The following table is a timeline of future expected payments and dates for our commitments to purchase scrubbers and BWTS as of June 30, 2023 (1) : In thousands of U.S. dollars As of June 30, 2023 Less than 1 month $ — 1-3 months 236 3 months to 1 year 12,291 1-5 years 305 5+ years — Total $ 12,832 (1) These amounts are subject to change as installation times are finalized. The amounts presented exclude installation costs .

Right of use assets and related

Right of use assets and related lease liabilities	6 Months Ended
	Jun. 30, 2023
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, 2023, we had bareboat charter-in commitments on three vessels under fixed rate bareboat agreements and 18 vessels under variable rate bareboat agreements. All of these agreements have been accounted for under IFRS 16 - Leases . During the six months ended June 30, 2023, we committed to exercise the purchase options on 15 of the vessels under the IFRS 16 - Leases - $670.0 Million lease financing ( STI Magnetic , STI Marshall , STI Miracle , STI Lavender , STI Magic , STI Mystery , STI Marvel , STI Magister , STI Mythic , STI Lobelia , STI Mighty , STI Modest , STI Millennia , STI Maveric k and STI Maestro ). Pursuant to IFRS 16, these commitments triggered a re-assessment of the lease liability which resulted in an increase of $3.6 million to the lease liability and a corresponding adjustment to the right of use assets (which was primarily the result of purchase option fees due to the lessor). In May 2023, we completed the purchase of three vessels ( STI Magnetic , STI Marshall and STI Lavender ) and repaid the aggregate outstanding lease obligations of $79.0 million related to these vessels as part of these transactions. In June 2023, we completed the purchase of six vessels ( STI Magic , STI Mystery , STI Marvel , STI Magister , STI Mythic and STI Lobelia) and repaid the aggregate outstanding lease obligations of $148.7 million related to these vessels as part of these transactions. As a result of these purchases, the net book value of the vessel and drydock related to these vessels of $326.8 million and $1.8 million, respectively, was reclassified from Right of use assets for vessels to Vessels and drydock. The following is the activity of the right of use assets from January 1, 2023 through June 30, 2023: In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2023 $ 798,083 $ 22,577 $ 820,660 Transfer to vessels, net (1) (375,159) (8,555) (383,714) Additions (2) 3,619 — 3,619 Fully depreciated assets — (900) (900) As of June 30, 2023 426,543 13,122 439,665 Accumulated depreciation and impairment As of January 1, 2023 (114,902) (15,932) (130,834) Charge for the period (15,737) (2,266) (18,003) Transfer to vessels, net (1) 49,142 7,927 57,069 Fully depreciated assets — 900 900 As of June 30, 2023 (81,497) (9,371) (90,868) As of June 30, 2023 $ 345,046 $ 3,751 $ 348,797 As of December 31, 2022 $ 683,181 $ 6,645 $ 689,826 (1) Primarily represents the transfer of the net book value of nine vessels purchased and transferred to Vessels and drydock. (2) Represents the adjustment to the right of use asset as a result of the remeasurement of the related lease liability upon the commitments to exercise the purchase options on 15 of the vessels under the IFRS 16 - Leases - $670.0 Million lease financing. 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, 2023 and 2022, sublease income of $99.0 million and $98.9 million, respectively, is included in Vessel revenue. The following table summarizes the payments made for the six months ended June 30, 2023 and June 30, 2022 relating to lease liabilities accounted for under IFRS 16 - Leases : For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Interest expense recognized in the unaudited condensed consolidated statements of operations $ 19,975 $ 12,328 Principal repayments recognized in unaudited condensed consolidated cash flow statements 250,626 52,568 Net decrease / (increase) in accrued interest expense 22 (70) Total payments on lease liabilities under IFRS 16 $ 270,623 $ 64,826 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, 2023 were $276.4 million. The obligations under these agreements are expected to be repaid as follows: As of In thousands of U.S. dollars June 30, 2023 Less than 1 year $ 171,630 1 - 5 years 89,155 5+ years 15,616 Total $ 276,401 Discounting effect (27,071) Prepaid interest expense (462) Lease liability $ 248,868

Carrying values of vessels

Carrying values of vessels	6 Months Ended
	Jun. 30, 2023
Property, plant and equipment [abstract]
Carrying values of vessels	Carrying values of vessels At each balance sheet date, we review the carrying amounts of our goodwill, vessels and related 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, right of use assets and related drydock costs is estimated in order to determine the extent of the impairment loss (if any). Recoverable amount is the higher of fair value less costs to sell and value in use. As part of this evaluation, we consider certain indicators of potential impairment, such as market conditions including forecast time charter rates and values for second-hand product tankers, discounted projected vessel operating cash flows, and the Company’s overall business plans. At June 30, 2023, we reviewed the carrying amount of our vessels and right of use assets for vessels to determine if there was an indication that these assets had suffered an impairment. First, we assessed the fair value less the cost to sell of our vessels taking into consideration vessel valuations from independent ship brokers. We then compared the fair value less selling costs to each vessel’s carrying value and, if the carrying value exceeded the vessel’s fair value less selling costs, an indicator of impairment existed. At June 30, 2023, our operating fleet consisted of 113 owned, sale and leaseback, or right of use vessels ("ROU vessels"), including one vessel that was held for sale. All of the vessels in our operating fleet had fair values less selling costs greater than their carrying amount at this date. As such, we determined that there were no indications of impairment on any of our vessels as of June 30, 2023. We also considered external factors as part of this assessment as the markets in which we operate experienced continued strength during the six months ended June 30, 2023. In addition to the increase in the fair value of second-hand product tankers, the strength in the market was also apparent by reference to: • The continued strength of the spot market TCE rates that our vessels earned during the past six months; • The time charter market for long-term fixtures, which also averaged record highs (with particular reference to the time charter that we entered into in 2023, as noted in Note 15). Our operating results for the six months ended June 30, 2023 are a reflection of these market conditions, with revenues, operating cash flows, and net income significantly exceeding historical averages.

Other assets

Other assets	6 Months Ended
	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
Other assets	Other assets As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Scorpio LR2 Pool Ltd. pool working capital contributions (1) $ 24,650 $ 25,500 Scorpio MR Pool Ltd. pool working capital contributions (1) 21,600 22,000 Scorpio Handymax Tanker Pool Ltd. pool working capital contributions (1) 5,661 5,661 Working capital contributions to Scorpio Pools 51,911 53,161 Seller's credit on sale leaseback vessels (2) 11,762 11,430 Deposits for scrubbers (3) 9,737 9,737 Investment in dual fuel tanker joint venture (4) 8,578 7,672 Investment in BWTS supplier (5) 1,751 1,751 Capitalized loan fees 3 3 Other assets $ 83,742 $ 83,754 (1) Upon entrance into the Scorpio LR2, 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, 2023 and 2022. (3) Amounts represent deposits paid to the supplier of exhaust gas cleaning systems ("scrubbers"). 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 with initial terms of 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. In November 2022, we contributed an additional $1.75 million to the joint venture to increase the joint venture's ownership interest in one of the LR1 tankers. 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 $2.4 million as our share of net income resulting from this joint venture during the six months ended June 30, 2023. Additionally, the joint venture issued a cash distribution of $1.5 million during this period.

Restricted cash

Restricted cash	6 Months Ended
	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
Restricted cash	Restricted cashRestricted cash as of June 30, 2023 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 released at the end of the lease term.

Accounts payable

Accounts payable	6 Months Ended
	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
Accounts payable	Accounts payable The following is a table summarizing our accounts payable as of June 30, 2023 and December 31, 2022: As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Scorpio MR Pool Limited $ 1,141 $ 7,333 Scorpio Ship Management S.A.M. (SSM) 577 734 Scorpio Services Holding Limited (SSH) 407 286 Amounts due to a related party port agent 249 137 Scorpio Commercial Management S.A.M. (SCM) 171 507 Scorpio LR2 Pool Limited 8 424 Scorpio Handymax Tanker Pool Limited 1 2,333 Amounts due to a related party bunker supplier — 2,322 Accounts payable to related parties 2,554 14,076 Suppliers 8,666 14,672 $ 11,220 $ 28,748

Accrued expenses

Accrued expenses	6 Months Ended
	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
Accrued expenses	Accrued expenses The following is a table summarizing our accrued expenses as of June 30, 2023 and December 31, 2022: As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Accrued expenses to a related party port agent $ 1,093 $ 876 Scorpio Ship Management S.A.M (SSM) 133 89 Scorpio Commercial Management S.A.M. (SCM) 37 33 Scorpio Holdings Limited — 1 Accrued expenses to related parties 1,263 999 Suppliers 25,404 32,051 Accrued short-term employee benefits 20,915 40,295 Accrued interest 11,354 7,200 Deferred income 13,957 10,963 $ 72,893 $ 91,508 Deferred income represents amounts collected in advance from customers for our vessels on time charter or deferred revenue on time charter out arrangements whose payment terms differ from the pattern of revenue recognition on a straight-line basis. The terms of these agreements are described in Note 15.

Current and long-term debt

Current and long-term debt	6 Months Ended
	Jun. 30, 2023
Borrowings [abstract]
Current and long-term debt	Current and long-term debt The following is a roll forward of the activity within debt, sale and leaseback, and IFRS 16 - lease liability (current and non-current), by facility, for the six months ended June 30, 2023: Activity Balance as of June 30, 2023 consists of: In thousands of U.S. dollars Carrying Value as of December 31, 2022 Drawdowns Repayments Other Activity (1) Carrying Value as of June 30, 2023 Current Non-Current Hamburg Commercial Credit Facility $ 33,732 $ — $ (1,646) $ — $ 32,086 $ 3,292 $ 28,794 Prudential Credit Facility 39,286 — (2,773) — 36,513 5,546 30,967 2019 DNB / GIEK Credit Facility 38,338 — (3,557) — 34,781 7,113 27,668 BNPP Sinosure Credit Facility 80,576 — (5,455) — 75,121 10,908 64,213 2020 $225.0 Million Credit Facility 37,765 — (2,567) — 35,198 5,133 30,065 2023 $225.0 Million Credit Facility — 225,000 (8,475) — 216,525 33,900 182,625 2023 $49.1 Million Credit Facility — 49,088 (1,154) — 47,934 4,616 43,318 2023 $117.4 Million Credit Facility — 117,394 — — 117,394 17,008 100,386 Ocean Yield Lease Financing 114,273 — (59,965) 394 54,702 30,947 23,755 BCFL Lease Financing (LR2s) 67,058 — (5,473) 215 61,800 10,050 51,750 CSSC Lease Financing 119,165 — (7,282) 345 112,228 14,338 97,890 BCFL Lease Financing (MRs) 53,202 — (8,162) — 45,040 15,628 29,412 AVIC Lease Financing 77,769 — (77,769) — — — — 2020 CMBFL Lease Financing 38,090 — (1,622) — 36,468 3,242 33,226 2020 TSFL Lease Financing 40,607 — (1,660) — 38,947 3,322 35,625 2020 SPDBFL Lease Financing 80,616 — (3,247) — 77,369 6,495 70,874 2021 AVIC Lease Financing 83,662 — (3,626) — 80,036 7,252 72,784 2021 CMBFL Lease Financing 68,045 — (3,260) — 64,785 6,520 58,265 2021 TSFL Lease Financing 49,997 — (2,190) — 47,807 4,380 43,427 2021 CSSC Lease Financing 48,631 — (48,631) — — — — 2021 $146.3 Million Lease Financing 133,699 — (6,589) — 127,110 13,179 113,931 2021 Ocean Yield Lease Financing 63,933 — (2,901) — 61,032 5,866 55,166 2022 AVIC Lease Financing 112,620 — (4,584) — 108,036 9,168 98,868 IFRS 16 - Leases - 3 MR 21,138 — (4,234) — 16,904 8,906 7,998 IFRS 16 - Leases - $670.0 Million 475,939 — (247,132) 3,619 232,426 153,443 78,983 Unsecured Senior Notes Due 2025 70,451 — — 22 70,473 — 70,473 $ 1,948,592 $ 391,482 $ (513,954) $ 4,595 $ 1,830,715 $ 380,252 $ 1,450,463 Less: deferred financing fees (12,758) (7,731) — 3,052 (17,437) (2,098) (15,339) Less: prepaid interest expense (3,735) — 2,378 — (1,357) (1,357) — Total $ 1,932,099 $ 383,751 $ (511,576) $ 7,647 $ 1,811,921 $ 376,797 $ 1,435,124 (1) Relates to (i) non-cash accretion, amortization or write-off of 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 discount on our Senior Notes Due 2025, and (iv) the remeasurement, upon the notification of the intent to exercise purchase options, of the right of use lease liability, IFRS 16 - Leases - $670.0 Million. Interest expense on all of our borrowings that has been incurred and is unpaid as of June 30, 2023 is accrued within Accrued Expenses (see Note 10). We were in compliance with all of the financial covenants set forth on the above borrowing arrangements as of June 30, 2023. Secured Debt 2023 $225.0 Million Credit Facility In January 2023, we executed the 2023 $225.0 Million Credit Facility with a group of European financial institutions. In February and March 2023, we drew down $184.9 million and $40.1 million, respectively, and 13 product tankers ( STI Opera , STI Duchessa , STI Venere , STI Virtus , STI Aqua , STI Dama , STI Regina , STI San Antonio , STI Yorkville , STI Battery , STI Milwaukee , STI Madison , and STI Sanctity ) were collateralized under this facility as part of these drawdowns. The 2023 $225.0 Million Credit Facility has a final maturity of five years from the signing date and bears interest at SOFR plus a margin of 1.975% per annum. The borrowings for the 11 MRs are expected to be repaid in equal quarterly installments of $0.63 million per vessel for the first two years, and $0.33 million per vessel for the remaining term of the loan. The borrowings for the two LR2s are expected to be repaid in equal quarterly installments of $0.8 million per vessel for the first two years, and $0.45 million per vessel for the remaining term of the loan. Our 2023 $225.0 Million Credit Facility includes financial covenants that require us to maintain: • The ratio of net debt to total capitalization no greater than 0.65 to 1.00. • Consolidated tangible net worth of no less than $1.5 billion. • Minimum liquidity of not less than the greater of $25.0 million or $500,000 per each owned vessel and $250,000 per each time chartered-in vessel. • The aggregate of the fair market value of the vessels provided as collateral under the facility shall at all times be no less than 140% of the then aggregate of (i) principal amount of the loans outstanding and (ii) negative value of any hedging exposure under such facility. 2023 $49.1 Million Credit Facility In February 2023, we executed the 2023 $49.1 Million Credit Facility with a North American financial institution. In March 2023, we drew down $49.1 million and two LR2 product tankers ( STI Rose and STI Rambla ) were collateralized under this facility as part of this drawdown. The 2023 $49.1 Million Credit Facility has a final maturity of five years from the drawdown date and bears interest at SOFR plus a margin of 1.90% per annum. The borrowing is expected to be repaid in equal, aggregate, installments of $1.2 million per quarter, with a balloon payment upon maturity. Our 2023 $49.1 Million Credit Facility includes financial covenants that require us to maintain: • The ratio of net debt to total capitalization no greater than 0.65 to 1.00. • Consolidated tangible net worth of no less than $1.6 billion plus (i) 25% of the cumulative positive net income (on a consolidated basis) for each fiscal quarter commencing on or after October 1, 2022 and (ii) 50% of the net proceeds of new equity issues occurring on or after December 31, 2022. • Minimum liquidity of not less than the greater of $25.0 million or $500,000 per each owned vessel and $250,000 per each time chartered-in vessel. • The aggregate of the fair market value of the vessels provided as collateral under the facility shall at all times be no less than 150% of the then aggregate outstanding principal amount of the loans. 2023 $117.4 Million Credit Facility In May 2023, we executed the 2023 $117.4 Million Credit Facility with a European financial institution. This facility was fully drawn upon execution and seven vessels ( STI Battersea , STI Wembley , STI Texas City , STI Meraux , STI Mayfair , STI St. Charles , and STI Alexis ) were collateralized under this facility upon drawdown. The 2023 $117.4 Million Credit Facility has a final maturity of five years from the drawdown date of each vessel and bears interest at SOFR plus a margin of 1.925% per annum. The borrowing is expected to be repaid in equal, aggregate, installments of $4.3 million per quarter, with a balloon payment upon maturity. Our 2023 $117.4 Million Credit Facility includes financial covenants that require us to maintain: • The ratio of net debt to total capitalization no greater than 0.65 to 1.00. • Consolidated tangible net worth of no less than $1.0 billion plus (i) 25% of the cumulative positive net income (on a consolidated basis) for each fiscal quarter commencing on or after January 1, 2016 and (ii) 50% of the net proceeds of new equity issues occurring on or after January 1, 2016. • Minimum liquidity of not less than the greater of $25.0 million or $500,000 per each owned vessel and $250,000 per each time chartered-in vessel. • The aggregate of the fair market value of the vessels provided as collateral under the facility shall at all times be no less than 150% of the then aggregate of (i) principal amount of the loans outstanding and (ii) negative value of any hedging exposure under such credit facility. Lease Financing AVIC Lease Financing In January 2023, we exercised the purchase options on STI Brooklyn , STI Rambla , STI Rose and STI Ville on the AVIC Lease Financing and repaid the aggregate outstanding lease obligations of $77.8 million as part of these transactions. Ocean Yield Lease Financing In September and October 2022, we gave notice to exercise the purchase options on STI Sanctity , STI Steadfast , and STI Supreme on the Ocean Yield Lease Financing with a purchase option price of $27.8 million per vessel. The purchases of STI Sanctity and STI Steadfast closed in March and May 2023, respectively, and we repaid the aggregate outstanding lease obligations of $55.6 million as part of these transactions. The purchase of STI Supreme closed in August 2023. 2021 CSSC Lease Financing In May 2023, we exercised the purchase options on STI Grace and STI Jermyn on the 2021 CSSC Lease Financing and repaid the aggregate outstanding lease obligation of $46.9 million as part of these transactions.

Common shares

Common shares	6 Months Ended
	Jun. 30, 2023
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Common shares	Common shares 2013 Equity Incentive Plan In April 2013, we adopted an equity incentive plan, which was amended in March 2014 and which we refer to as the 2013 Equity Incentive Plan, under which directors, officers, employees, consultants and service providers of us and our subsidiaries and affiliates are eligible to receive incentive stock options and non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units and unrestricted common stock. Effective April 2023, our Board of Directors extended the term of 2013 Equity Incentive Plan to April 2033. In March and April 2023, we issued an aggregate of 1,817,750 shares of restricted stock to certain of our employees, SSH employees, and independent directors for no cash consideration. The share price on the issuance dates was $55.57 and $55.89 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 2, 2025, (ii) one-third of the shares vest on September 1, 2026, and (iii) one-third of the shares vest on September 1, 2027. The vesting schedule for these restricted shares for independent directors is (i) one-third of the shares vest on April 1, 2024 (ii) one-third of the shares vest on December 2, 2024, and (iii) one-third of the shares vest on December 2, 2025. 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, 2023. Number of Shares Weighted Average Grant Date Fair Value Outstanding and non-vested, December 31, 2022 2,705,989 $ 21.63 Granted 1,817,750 55.61 Vested (371,473) 20.89 Forfeited (10,000) 19.83 Outstanding and non-vested, June 30, 2023 4,142,266 $ 36.61 As of June 30, 2023, there were 4,142,266 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, 2023 through December 31, 2023 $ 20,850 $ 1,654 $ 22,504 For the year ending December 31, 2024 37,753 1,818 39,571 For the year ending December 31, 2025 28,876 478 29,354 For the year ending December 31, 2026 14,589 — 14,589 For the year ending December 31, 2027 4,844 — 4,844 $ 106,912 $ 3,950 $ 110,862 Dividend Payments In February 2023, our Board of Directors declared a quarterly cash dividend of $0.20 per common share, which was paid on March 31, 2023 to all shareholders of record as of March 7, 2023. In May 2023, our Board of Directors declared a quarterly cash dividend of $0.25 per common share, which was paid on June 30, 2023 to all shareholders of record as of June 13, 2023. 2023 Securities Repurchase Program On February 15, 2023, our Board of Directors authorized the 2023 Securities Repurchase Program to purchase up to an aggregate of $250 million of securities which, in addition to our common shares, currently consist of our Senior Notes Due 2025 (NYSE: SBBA). From January 1, 2023 through February 15, 2023, we repurchased an aggregate of 1,891,303 of our common shares in the open market at an average price of $50.27 per share. These purchases were made under the previous securities repurchase program, which ended on February 15, 2023. From February 16 through April 30, 2023, we repurchased an aggregate of 1,723,465 of our common shares in the open market at an average price of $54.37 per share. On May 1, 2023, our Board of Directors authorized to reset the 2023 Securities Repurchase Program up to an aggregate of $250 million of the Company’s securities, which went into effect for trades initiated on or after May 1, 2023. From May 1, 2023 through May 31, 2023, we repurchased an aggregate of 3,699,336 of our common shares in the open market at an average price of $47.54 per share. On May 31, 2023, the Board of Directors authorized to reset the 2023 Securities Repurchase Program up to an aggregate of $250.0 million of the Company’s securities, which went into effect for trades initiated on or after June 1, 2023. From June 1, 2023 through June 30, 2023, we repurchased an aggregate of 756,576 of our common shares in the open market at an average price of $45.33 per share. There was $235.3 million available under the 2023 Securities Repurchase Program as of June 30, 2023. There were 19,499,877 and 11,429,197 common shares held in treasury at June 30, 2023 and December 31, 2022, respectively. Shares outstanding

Related party transactions

Related party transactions	6 Months Ended
	Jun. 30, 2023
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 operations and balance sheets are as follows: For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Pool revenue (1) Scorpio MR Pool Limited $ 305,534 $ 271,013 Scorpio LR2 Pool Limited 237,819 175,421 Scorpio Handymax Tanker Pool Limited 69,044 34,190 Scorpio LR1 Pool Limited — 11,169 Time charter-out revenue (2) 10,625 — Voyage expenses (3) (2,503) (2,404) Vessel operating costs (4) (16,401) (16,618) Administrative expenses (5) (7,181) (6,665) Purchases of bunkers (6) (4,318) (10,793) (1) These transactions relate to revenue earned in the Scorpio Pools. The Scorpio Pools are related parties. When our vessels are in the Scorpio Pools, SCM, the pool manager, charges fees of $300 per vessel per day with respect to our LR1 vessels, $250 per vessel per day with respect to our LR2 vessels, and $325 per vessel per day with respect to each of our Handymax and MR vessels, plus a commission of 1.50% on gross revenue per charter fixture. These are the same fees that SCM charges other vessels in these pools, including third party owned vessels. (2) These transactions relate to revenue earned for certain vessels on time charter, which have been time chartered out through SSH to the end customers. (3) Related party expenditures included within voyage expenses in the unaudited condensed consolidated statements of operations 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 operations. Voyage expenses also consist of $0.4 million and $0.8 million charged by related party port agents during the six months ended June 30, 2023 and 2022, respectively. SSH has a majority equity interest in port agents that provide supply and logistical services for vessels operating in their regions. (4) Related party expenditures included within vessel operating costs in the unaudited condensed consolidated statements of operations consist of the following: • Technical management fees of $14.2 million and $15.6 million charged by SSM (or its affiliates), a related party, during the six months ended June 30, 2023 and 2022, 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 $67.1 million and $73.0 million during the six months ended June 30, 2023 and 2022, 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 $2.3 million and $1.0 million charged by related party port agents during the six months ended June 30, 2023 and 2022, respectively. (5) We have an Amended Administrative Services Agreement with SSH for the provision of administrative staff, office space, and administrative services, including accounting, legal compliance, financial and information technology services. SSH is a related party to us. We reimburse SSH for direct or indirect expenses that are incurred on our behalf. SSH also arranges vessel sales and purchases for us. The services provided to us by SSH may be sub-contracted to other entities within the Scorpio group of companies, or Scorpio. The expenses incurred under this agreement were recorded in general and administrative expenses in the unaudited condensed consolidated statement of operations and consisted of the following: • The expense for the six months ended June 30, 2023 of $7.2 million included (i) administrative fees of $5.2 million charged by SSH, (ii) restricted stock amortization of $2.0 million, which relates to the issuance of an aggregate of 695,400 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 $25,126 to SSH. • 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. (6) 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, 2023 December 31, 2022 Assets: Accounts receivable and prepaid expenses (due from the Scorpio Pools) (1) $ 198,226 $ 236,389 Prepaid expenses (SSM) (2) 5,562 5,450 Accounts receivable and prepaid expenses (SSH) 1,635 4,976 Prepaid expenses (SCM) 85 84 Prepaid expenses (related party port agents) — 98 Other assets (pool working capital contributions) (3) 51,911 53,161 Liabilities: Accounts payable and accrued expenses (owed to the Scorpio Pools) 1,150 10,090 Accounts payable and accrued expenses (related party port agents) 1,342 955 Accounts payable and accrued expenses (SSM) 709 823 Accounts payable and accrued expenses (SSH) 407 287 Accounts payable and accrued expenses (SCM) 208 540 Accounts payable and accrued expenses (related party bunker supplier) — 2,380 (1) Accounts receivable and prepaid expenses 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) 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. 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. During the six months ended June 30, 2023, we entered into an agreement to sell a 2013 built MR product tanker, STI Ville . The termination fees for the vessel sale, which had not closed as of June 30, 2023 is estimated to be $0.1 million and $0.2 million due to SSM and SCM, 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. 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. SSH also owns a non-controlling 7.5% interest in the buyer of one of the MR product tankers that was sold in July 2022 (STI Benicia.). Key management remuneration The table below shows key management remuneration for the six months ended June 30, 2023 and 2022: For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Short-term employee benefits (salaries) $ 14,642 $ 9,258 Share-based compensation (1) 9,934 7,444 Total $ 24,576 $ 16,702 (1) Represents the amortization of restricted stock issued under the 2013 Equity Incentive 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 the executive will continue to receive all salary, compensation payments and benefits, including additional bonus payments, otherwise due to the executive, to the extent permitted by applicable law, for the remaining balance of the executive's then-existing employment period. If an executive’s employment is terminated for cause or voluntarily by the employee, the executive shall not be entitled to any salary, benefits or reimbursements beyond those accrued through the date of the executive's termination, unless the executive voluntarily terminated the executive's employment in connection with certain conditions. Those conditions include a change in control combined with a significant geographic relocation of the executive's office, a material diminution of the executive's duties and responsibilities, and other conditions identified in the employment agreement.

Segment reporting

Segment reporting	6 Months Ended
	Jun. 30, 2023
Disclosure of operating segments [abstract]
Segment reporting	Segment reporting Information about our reportable segments for the six months ended June 30, 2023 and 2022 is as follows: For the six months ended June 30, 2023 In thousands of U.S. dollars LR1 Handymax LR2 MR Reportable segments subtotal Corporate and eliminations Total Vessel revenue $ — $ 85,118 $ 293,389 $ 335,223 $ 713,730 $ — $ 713,730 Vessel operating costs — (17,947) (54,955) (79,630) (152,532) — (152,532) Voyage expenses — (2,702) (3,069) (3,242) (9,013) — (9,013) Depreciation - owned or sale and leaseback vessels — (10,242) (36,578) (35,868) (82,688) — (82,688) Depreciation - right of use assets for vessels — — (3,708) (14,295) (18,003) — (18,003) General and administrative expenses — (683) (1,925) (2,990) (5,598) (43,882) (49,480) Financial expenses — — — — — (87,252) (87,252) Financial income — — — 332 332 8,212 8,544 Other income and (expense), net — — — — — 2,332 2,332 Segment (loss) / income $ — $ 53,544 $ 193,154 $ 199,530 $ 446,228 $ (120,590) $ 325,638 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

Vessel revenue

Vessel revenue	6 Months Ended
	Jun. 30, 2023
Analysis of income and expense [abstract]
Vessel revenue	Vessel revenue During the six months ended June 30, 2023 and 2022, we had 15 and two vessels, respectively, that earned revenue through long-term time charter contracts (with initial terms of one year or greater), respectively. 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 2023 2022 Pool revenue $ 612,397 $ 491,793 Voyage revenue (spot market) 27,330 86,252 Time charter revenue 74,003 1,075 $ 713,730 $ 579,120 Seasonality The tanker market is typically stronger in the winter months of the northern hemisphere as a result of increased oil consumption but weaker in the summer months of the northern hemisphere as a result of lower oil consumption and refinery maintenance. In addition, unpredictable weather patterns during the winter months tend to disrupt vessel scheduling. The oil price volatility resulting from these factors has historically led to increased oil trading activities in the winter months. As a result, revenues generated by our vessels have historically been weaker during April to September and stronger during October to March. The six months ended June 30, 2022 began at a trough in the product tanker market as demand was hampered by the COVID-19 pandemic. Starting in March 2022, the easing of COVID-19 restrictions around the globe, the conflict in Ukraine, and strengthening refining margins resulted in significant increases in ton-mile demand as trade routes shifted and volumes increased in an abrupt manner. The confluence of these events served as a catalyst for robust demand that persisted for the remainder of 2022. The six months ended June 30, 2023 maintained this momentum, but was a reflection of a more normalized seasonal pattern whereby we experienced traditional seasonal strength in the first quarter (which was also supported by the implementation of sanctions on the export of Russian refined petroleum products in February 2023), and traditional seasonal weakness (albeit at elevated levels when compared to previous years) in the second quarter as extended refinery maintenance, lower refining margins and a reduction in arbitrage opportunities all led to reduced refinery throughput and decreased volumes from major export regions. Nevertheless, on a seasonally adjusted basis, demand for the Company’s vessels remained strong, driven by low refined petroleum product inventory levels, a modest newbuilding orderbook (with a dearth of deliveries expected in the next two years), and growing underlying consumption for 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, 2023 and 2022. 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 2023 2022 Lease component of revenue from time charter-out and pool revenue $ 540,240 $ 303,268 Non-lease component of revenue from time charter-out and pool revenue 146,160 189,600 $ 686,400 $ 492,868 During the six months ended June 30, 2023, we entered into a time charter-out agreement on an LR2 product tanker, which commenced in April 2023. 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 STI Connaught (1) LR2 Three years $30,000/day August 2022 STI Lombard LR2 Three years $32,750/day September 2022 STI Duchessa MR Three years $25,000/day October 2022 STI Gauntlet LR2 Three years $32,750/day November 2022 STI Lavender LR2 Three years $35,000/day December 2022 STI Grace LR2 Three years $37,500/day December 2022 STI Jermyn LR2 Three years $40,000/day April 2023

Crewing costs

Crewing costs	6 Months Ended
	Jun. 30, 2023
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, 2023 and 2022, respectively. For the six months ended June 30, In thousands of US dollars 2023 2022 Short-term crew benefits (i.e. wages, victualling, insurance) $ 73,822 $ 81,510 Other crew related costs 11,225 12,775 $ 85,047 $ 94,285

General and administrative expe

General and administrative expenses	6 Months Ended
	Jun. 30, 2023
Analysis of income and expense [abstract]
General and administrative expenses	General and administrative expensesGeneral and administrative expenses increased by $14.2 million to $49.5 million from $35.3 million for the six months ended June 30, 2023 and 2022, respectively. This increase was primarily driven by an increase in amortization of restricted stock and compensation related expenses.

Financial expenses

Financial expenses	6 Months Ended
	Jun. 30, 2023
Analysis of income and expense [abstract]
Financial expenses	Financial expenses The following table summarizes our financial expenses for the six months ended June 30, 2023 and 2022, respectively. For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Interest expense, net of capitalized interest (1) $ 81,353 $ 60,300 Loss on extinguishment of debt and write-off of deferred financing fees (2) 2,694 5,784 Accretion of convertible notes (3) — 7,747 Amortization of deferred financing fees 2,548 3,483 Accretion of premiums and discounts on debt assumed in historical acquisitions 657 1,396 Total financial expenses $ 87,252 $ 78,710 (1) The increase in interest expense, net of capitalized interest, for the six months ended June 30, 2023, was primarily attributable to an increase in the benchmark rates, primarily LIBOR, as compared to the six months ended June 30, 2022. During the six months ended June 30, 2023, benchmark interest rates increased as central banks around the world introduced measures to combat rising inflation. The increases in benchmark rates were partially offset by (i) the overall reductions in our indebtedness arising from the sales of 18 vessels (and repayments of the related debt or lease financing obligations), (ii) the exercise of purchase options on 39 lease financed vessels and (iii) the maturity of the Convertible Notes Due 2022 in May 2022, and the conversion of the Convertible Notes Due 2025 in December 2022. These reductions were partially offset by new borrowings as discussed in Note 11. The combination resulted in higher interest expense for the six months ended June 30, 2023 compared to June 30, 2022 despite the reduction in the average debt balance to $2.0 billion from $2.9 billion, respectively. Included in interest expense for the six months ended June 30, 2023 is $0.6 million of accelerated effective interest amortization of lender fees under IFRS 16 - Leases related to the exercise of purchase options on vessels financed under the IFRS 16 - Leases - $670.0 Million lease financing. (2) The loss on extinguishment of debt and write-off of deferred financing fees during the six months ended June 30, 2023 include (i) $0.5 million of write-offs of deferred financing fees, (ii) $0.3 million of write-offs of the discounts, and (iii) $1.9 million of debt extinguishment costs, all of which related to the notifications to exercise purchase options on certain lease financed vessels during the period. The loss on extinguishment of debt and write-off of deferred financing fees 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.

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2023
Earnings per share [abstract]
Earnings per share	Earnings per share The calculation of both basic and diluted earnings per share is based on net income 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 2023 2022 Net income attributable to equity holders of the parent - basic $ 325,638 $ 106,683 Convertible notes interest expense — 12,032 Net income attributable to equity holders of the parent - diluted $ 325,638 $ 118,715 Basic weighted average number of shares 54,926,939 55,502,389 Effect of dilutive potential basic shares: Restricted stock 2,259,164 2,283,834 Convertible notes — 6,825,428 2,259,164 9,109,262 Diluted weighted average number of shares 57,186,103 64,611,651 Earnings Per Share: Basic $ 5.93 $ 1.92 Diluted $ 5.69 $ 1.84 During the six months ended June 30, 2023, the inclusion of potentially dilutive shares related to unvested restricted stock 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 4,142,266 unvested shares of restricted stock.

Financial instruments - financi

Financial instruments - financial and other risks	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about 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, 2023 and December 31, 2022, respectively, are shown in the table below. Categories of Financial Instruments As of June 30, 2023 As of December 31, 2022 Amounts in thousands of U.S. dollars Fair value Carrying Value Fair value Carrying Value Financial assets Cash and cash equivalents (1) $ 313,923 $ 313,923 $ 376,870 $ 376,870 Restricted cash (2) 783 783 783 783 Accounts receivable (3) 201,568 201,568 276,700 276,700 Investment in ballast water treatment supplier (4) 1,751 1,751 1,751 1,751 Working capital contributions to Scorpio Pools (5) 51,911 51,911 53,161 53,161 Sellers credit on sale leaseback vessels (6) 11,762 11,762 11,430 11,430 Financial liabilities Accounts payable (7) $ 11,220 $ 11,220 $ 28,748 $ 28,748 Accrued expenses (7) 72,893 72,893 91,508 91,508 Secured bank loans (8) 586,358 586,358 226,896 226,896 Sale and leaseback liability (9) 907,137 907,639 1,139,877 1,140,614 IFRS 16 - Lease liability (10) 248,343 248,868 495,234 495,875 Unsecured Senior Notes Due 2025 (11) 70,063 70,571 69,639 70,571 (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 7) 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 . This deposit will either be applied to the purchase price of the vessel if a purchase option is exercised or refunded to us at the expiration of the agreement. This deposit has been recorded as a financial asset measured at amortized cost. The present value of this deposit has been calculated based on the interest rate that is implied in the leases, and the carrying value will accrete over the life of the lease using the effective interest method, through interest income, until expiration. We consider that its carrying value approximates fair value given that its value is contractually fixed based on the terms of each lease. (7) We consider that the carrying amounts of accounts payable and accrued expenses approximate fair value due to the relative short maturity of these amounts. (8) The carrying value of our secured bank loans are measured at amortized cost using the effective interest method. We consider that their carrying value approximates fair value because (i) the interest rates on these instruments change with, or approximate, market interest rates and (ii) the credit risk of the Company has remained stable. Accordingly, we consider their fair value to be a Level 2 measurement. These amounts are shown net of $9.2 million and $2.8 million of unamortized deferred financing fees as of June 30, 2023 and December 31, 2022, respectively. (9) The carrying value of our obligations due under sale and leaseback arrangements are measured at amortized cost using the effective interest method. With the exception of our fixed rate sale and leaseback arrangements (as denoted in Note 12), we consider that their carrying value approximates fair value because the interest rates on these instruments change with, or approximate, market interest rates and the credit risk of the Company has remained stable. The fair value of leases with fixed payments are measured at the net discounted value of the remaining minimum lease payments using our incremental borrowing rate at June 30, 2023. Accordingly, we consider their fair value to be a Level 2 measurement. These amounts are shown net of $6.8 million and $8.2 million of unamortized deferred financing fees as of June 30, 2023 and December 31, 2022, 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, 2023 and December 31, 2022, respectively. 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 $1.4 million of deferred financing fees and $0.1 million of unamortized discount on the unaudited condensed consolidated balance sheet as of June 30, 2023. The Senior Notes Due 2025 are shown net of $1.7 million of deferred financing fees and $0.1 million of unamortized discount on the audited condensed consolidated balance sheet as of December 31, 2022. 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. 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 In addition to our regularly scheduled debt and lease repayments, we have committed to, or completed the following: • The exercise of purchase options on six MR product tankers ( STI Maestro, STI Mighty, STI Modest, STI Maverick, STI Miracle and STI Millennia ) on our IFRS 16 - Leases - $670.0 Million lease financing. These purchases closed in July 2023 and resulted in a reduction of the related lease liability, inclusive of purchase option fees, of $145.0 million. • The exercise of the purchase option on an LR2 product tanker ( STI Supreme ) on our Ocean Yield Lease Financing. This purchase closed in August 2023 and resulted in a reduction of the related lease liability of $27.8 million. • The exercise of purchase options on two MR product tankers ( STI Leblon and STI Bosphorus ) on our 2020 CMBFL Lease Financing. These purchases closed in September 2023 and resulted in a reduction of the related lease liability of $36.5 million. • The exercise of purchase options on five LR2 product tankers ( STI Gauntlet, STI Gladiator, STI Goal, STI Gratitude and STI Guide ) on our CSSC Lease Financing. These purchases are expected to close in October 2023 and result in a reduction of the related lease liability of $110.4 million. • The exercise of purchase options on one MR and two LR2 product tankers ( STI Maximus, STI Lily, and STI Lotus ) on our IFRS 16 - Leases - $670.0 Million lease financing. These purchases are expected to close in October 2023 and result in a reduction of the related lease liability of $85.5 million. • The exercise of purchase options on three LR2 product tankers ( STI Solace, STI Solidarity, and STI Stability ) on our BCFL Lease Financing (LR2s). These purchases are expected to close in December 2023 and result in a reduction of the related lease liability of $58.4 million. • The exercise of purchase options on two MR product tankers ( STI Galata, and STI La Boca ) on our 2020 TSFL Lease Financing. These purchases are expected to close in November 2023 and result in a reduction of the related lease liability of $38.1 million. • The exercise of purchase options on four MR product tankers (STI Esles II, STI Donald C Trauscht, STI Jardins and STI San Telmo) on our 2020 SPDB Lease Financing . The purchases of STI Esles II and STI Donald C Trauscht are expected to close in November 2023 and result in a reduction of the related lease liability of $38.1 million, net of $1.5 million in deposits held by the lessor. The purchases of STI Jardins and STI San Telmo are expected to close in January 2024 and result in a reduction of the related lease liability of $36.9 million, net of $1.4 million in deposits held by the lessor. • The repayment of the debt relating to two vessels ( STI Condotti and STI Sloane ) on our 2019 DNB / GIEK Credit Facility. This repayment occurred in August 2023 for $34.8 million. • The exercise of the purchase option on an MR product tanker (STI Amber) on our BCFL Lease Financing (MRs). The purchase is expected to close in November 2023 and result in a reduction of the related lease liability of $8.2 million. • The repayment of the debt relating to two vessels ( STI Spiga and STI Kingsway ) on our 2020 $225.0 Million Credit Facility. This repayment occurred in August 2023 for $35.2 million. • The repayment of the debt relating to two vessels ( STI Veneto and STI Poplar ) on our Hamburg Commercial Credit Facility. This repayment occurred in September 2023 for $31.3 million. • The repayment of debt relating to the revolving credit facility on our 2023 $1.0 Billion Credit Facility. This repayment occurred in September 2023 for $288.2 million, which may be re-borrowed in the future . These repayments were financed, or are expected to be financed, with cash on hand or proceeds from our new 2023 $1.0 Billion Credit Facility or 2023 $94.0 Million Credit Facility, which are described in Note 21. Additionally, in September 2024, the sale and leaseback arrangements on three MR product tankers ( STI Topaz, STI Ruby , and STI Garnet ), which are currently financed under the BCFL Lease Financing (MRs), are scheduled to expire resulting in an aggregate repayment of $15.1 million upon expiration, inclusive of the scheduled purchase options. While we believe our current financial position is adequate to address these cash outflows, a deterioration in economic conditions could cause us to breach the covenants under our financing arrangements and could have a material adverse effect on our business, results of operations, cash flows and financial condition. These circumstances could cause us to seek covenant waivers from our lenders and to pursue other means to raise liquidity, such as through the sale of vessels or in the capital markets, to meet our obligations. 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 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.

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2023
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	Subsequent events Declaration of dividend On August 1, 2023, our Board of Directors declared a quarterly cash dividend of $0.25 per common share, which was paid on September 15, 2023 to all shareholders of record as of August 15, 2023. Repurchase of Common Shares From July 1, 2023 through September 29, 2023, we repurchased an aggregate of 1,648,355 of our common shares in the open market at an average price of $47.74 per share under our 2023 Securities Repurchase Program. Vessel sale In July 2023, we closed on the sale of the MR product tanker, STI Ville (see Note 4). 2023 $1.0 Billion Credit Facility In July 2023, we executed the 2023 $1.0 Billion Credit Facility with a group of financial institutions for up to $1.0 billion, consisting of a term loan and a revolving credit facility. Upon execution, we drew down $440.6 million (split evenly between the term loan and the revolver) and 21 vessels ( STI Lobelia, STI Lavender, STI Jermyn, STI Steadfast, STI Magic, STI Mystery, STI Marvel, STI Millennia, STI Magister, STI Mythic, STI Modest, STI Maverick, STI Miracle, STI Maestro, STI Mighty, STI Magnetic, STI Seneca, STI Brooklyn, STI Manhattan, STI Bronx, and STI Tribeca ) were collateralized under this facility as part of this drawdown. In August 2023, we drew down $135.8 million (split evenly between the term loan and the revolver) and five LR2 product tankers ( STI Supreme, STI Spiga, STI Kingsway, STI Sloane and STI Condotti ) were collateralized under this facility as part of this drawdown . In September 2023, we repaid $288.2 million on the revolving portion of this credit facility, which may be re-borrowed in the future . The remaining availability of this facility is expected to be drawn in the fourth quarter of 2023 and first quarter of 2024. The 2023 $1.0 Billion Credit Facility has a final maturity of June 30, 2028 and bears interest at SOFR plus a margin of 1.95% per annum. The amounts drawn thus far are expected to be repaid in aggregate repayments of $18.9 million per quarter for the first two years, $12.2 million per quarter in years three five Our 2023 $1.0 Billion Credit Facility includes financial covenants that require us to maintain: • The ratio of net debt to total capitalization no greater than 0.65 to 1.00. • Consolidated tangible net worth of no less than $1.5 billion. • Minimum liquidity of not less than the greater of $25.0 million and $500,000 per each owned vessel plus $250,000 per each time chartered-in vessel. • The aggregate of the fair market value of the vessels provided as collateral under the facility shall at all times be no less than 140% of the then aggregate principal amount of the loans outstanding. 2023 $94.0 Million Credit Facility In September 2023, we executed the 2023 $94.0 Million Credit Facility with DekaBank Deutsche Girozentrale for up to $94.0 million. Upon execution, we drew down $43.8 million and two vessels ( STI Marshall and STI Grace ) were collateralized under this facility as part of this drawdown. The remaining availability of this facility is expected to be drawn in the fourth quarter of 2023. This 2023 $94.0 Million Credit Facility has a final maturity of five years from the drawdown date of each vessel and bears interest at SOFR plus a margin of 1.70% per annum. The amounts drawn thus far are expected to be repaid in aggregate repayments of $1.1 million per quarter, with a balloon payment due at maturity. Our 2023 $94.0 Million Credit Facility includes financial covenants that require us to maintain: • The ratio of net debt to total capitalization no greater than 0.65 to 1.00. • Consolidated tangible net worth of no less than $1.5 billion. • Minimum liquidity of not less than the greater of $25.0 million and $500,000 per each owned vessel plus $250,000 per each time chartered-in vessel. • The aggregate of the fair market value of the vessels provided as collateral under the facility shall at all times be no less than 143% of the then aggregate of (i) principal amount of the loans outstanding and (ii) negative value of any hedging exposure under such credit facility. Debt repayments In August 2023, we repaid the debt relating to two vessels ( STI Spiga and STI Kingsway ) on the 2020 $225.0 Million Credit Facility for $35.2 million. In August 2023, we repaid the debt relating to two vessels ( STI Condotti and STI Sloane ) on the 2019 DNB/GIEK Credit Facility for $34.8 million. In September 2023, we repaid the debt relating to two vessels ( STI Veneto and STI Poplar ) on the Hamburg Commercial Credit Facility for $31.3 million. Exercise of Purchase Options on Lease Financed Vessels In July 2023, we exercised the purchase options on six MR product tankers ( STI Miracle, STI Maestro, STI Mighty, STI Modest, STI Maverick, and STI Millennia ) that were previously financed on the IFRS 16 – Leases – $670.0 Million lease financing and repaid the aggregate outstanding lease obligation, inclusive of purchase option fees, of $145.0 million as part of these transactions. In August 2023, we exercised the purchase option on an LR2 product tanker ( STI Supreme ), which was financed on the Ocean Yield Lease Financing, for $27.8 million. In August 2023, we gave notice to exercise the purchase options on an MR product tanker ( STI Maximus) and two LR2 product tankers (STI Lily and STI Lotus) that are currently financed on the IFRS 16 - Leases - $670.0 Million lease financing. These purchases are expected to occur in the fourth quarter of 2023 and the aggregate outstanding lease liability is expected to be $85.5 million at the date of purchase. In August 2023, we gave notice to exercise the purchase options on two MR product tankers ( STI Galata and STI La Boca) that are currently financed on the 2020 TSFL Lease Financing. The purchases are expected to occur in the fourth quarter of 2023 and the aggregate outstanding lease liability is expected to be $38.1 million at the date of purchase. In August 2023, we gave notice to exercise the purchase options on three LR2 product tankers (STI Stability, STI Solace and STI Solidarity) that are currently financed on the BCFL Lease Financing (LR2s). These purchases are expected to occur in the fourth quarter of 2023 and the aggregate outstanding lease liability is expected to be $58.4 million at the date of purchase. In August 2023, we gave notice to exercise the purchase options on five LR2 product tankers (STI Gauntlet, STI Gladiator, STI Goal, STI Gratitude and STI Guide) that are currently financed on the CSSC Lease Financing. These purchases are expected to occur in the fourth quarter of 2023 and the aggregate outstanding lease liability is expected to be $110.4 million at the date of purchase. In September 2023, we exercised the purchase options on two MR product tankers ( STI Leblon and STI Bosphorus ) that were previously financed under the 2020 CMBFL Lease Financing and resulted in an aggregate debt reduction of $36.5 million. In September 2023, we gave notice to exercise the purchase options on four MR product tankers (STI Esles II, STI Donald C Trauscht, STI Jardins and STI San Telmo) that are currently financed on the 2020 SPDB Lease Financing . The purchases of STI Esles II and STI Donald C Trauscht are expected to occur in the fourth quarter of 2023 and the aggregate outstanding lease liability, net of $1.5 million in deposits held by the lessor, is expected to be $38.1 million at the date of purchase. The purchases of STI Jardins and STI San Telmo are expected to occur in the first quarter of 2024 and the aggregate outstanding lease liability, net of $1.4 million in deposits held by the lessor, is expected to be $36.9 million at the date of purchase. In September 2023, we gave notice to exercise the purchase option on an MR product tanker (STI Amber)

General information and signi_2

General information and significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2023
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, 2023 have been prepared in accordance with International Accounting Standard 34, 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 20. 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 from January 1, 2023	Adoption of new and amended IFRS and International Financial Reporting Interpretations Committee interpretations from January 1, 2023 IAS 1 - Disclosure of Accounting Policies - To require entities to disclose material accounting policies, instead of significant accounting policies. The amendments clarify, among other things, that accounting policy information may be material because of its nature, even if the related amounts are immaterial. This standard is effective for annual periods beginning on or after January 1, 2023. IAS 8 - Changes in Accounting Estimates - The definition of a change in accounting estimates is replaced with a definition of accounting estimates. Under the new definition, accounting estimates are “monetary amounts in financial statements that are subject to measurement uncertainty”. The Board clarified that a change in accounting estimate that results from new information or new developments is not the correction of an error. In addition, the effects of a change in an input or a measurement technique used to develop an accounting estimate are changes in accounting estimates if they do not result from the correction of prior period errors. A change in an accounting estimate may affect only the current period’s profit or loss, or the profit or loss of both the current period and future periods. The effect of the change relating to the current period is recognized as income or expense in the current period. The effect, if any, on future periods is recognized as income or expense in those future periods. IAS 12 - Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction - These amendments require companies to recognize deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deductible temporary differences. IFRS 17 - Insurance Contracts - This new standard requires insurance liabilities to be measured at a current fulfillment value and provides a more uniform measurement and presentation approach for all insurance contracts. The adoption of these standards did not have significant impact on our financial statements. No significant standards and interpretations were adopted during the six months ended June 30, 2022.
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.

Prepaid expenses and other as_2

Prepaid expenses and other assets (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 and December 31, 2022: As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Prepaid vessel operating expenses - SSM $ 5,562 $ 5,450 Prepaid expenses - SCM 85 84 Prepaid expenses - Scorpio Handymax Tanker Pool Limited 3 3 Prepaid expenses - related party port agent — 98 Prepaid expenses - Scorpio MR Pool Limited — 14 Prepaid expenses - Scorpio LR2 Pool Limited — 1 Prepaid expenses and other current assets - related parties 5,650 5,650 Third party - prepaid vessel operating expenses 2,404 2,787 Prepaid insurance 1,655 744 Prepaid port agent advances 3 3,086 Other prepaid expenses 955 5,892 $ 10,667 $ 18,159

Accounts receivable (Tables)

Accounts receivable (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 and December 31, 2022: As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Scorpio MR Pool Limited $ 106,233 $ 115,092 Scorpio LR2 Pool Limited 87,200 113,523 Scorpio Handymax Tanker Pool Limited 4,238 7,149 Scorpio Services Holding Limited (SSH) 1,635 4,976 Scorpio LR1 Pool Limited 551 607 Receivables from related parties 199,857 241,347 Insurance receivables 1,157 878 Spot voyage and time charter receivables 554 34,475 $ 201,568 $ 276,700

Assets held for sale and Vess_2

Assets held for sale and Vessels and drydock (Tables)	6 Months Ended
	Jun. 30, 2023
Property, plant and equipment [abstract]
Operating vessels rollforward	The following is a rollforward of the activity within Vessels and drydock from January 1, 2023 through June 30, 2023. In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2023 $ 4,045,062 $ 117,641 $ 4,162,703 Transfer from right of use assets, net (1) 326,017 628 326,645 Additions (2) 2,742 8,296 11,038 Vessels held for sale (3) (36,853) (1,235) (38,088) Fully depreciated assets (4) — (1,500) (1,500) As of June 30, 2023 4,336,968 123,830 4,460,798 Accumulated depreciation As of January 1, 2023 (1,016,258) (57,191) (1,073,449) Charge for the period (70,951) (11,737) (82,688) Vessels held for sale (3) 12,574 953 13,527 Fully depreciated assets (4) — 1,500 1,500 As of June 30, 2023 (1,074,635) (66,475) (1,141,110) Net book value As of June 30, 2023 $ 3,262,333 $ 57,355 $ 3,319,688 Net book value As of December 31, 2022 $ 3,028,804 $ 60,450 $ 3,089,254 (1) During the six months ended June 30, 2023, we exercised the purchase options on leases for seven MR vessels ( STI Magnetic , STI Marshall , STI Magic , STI Mystery , STI Marvel , STI Magister and STI Mythic ) and two LR2 vessels ( STI Lavender and STI Lobelia ) that had been previously recorded as Right of use assets for vessels. The carrying amounts of these Right of Use Assets were reclassified to Vessels and Drydock as a result of these transactions. These transactions are further described in Note 5. (2) Additions during the six months ended June 30, 2023 primarily relate to the various costs incurred for drydocks and ballast water treatment systems (which are reported as part of the Vessels component). (3) Represents the carrying value of an MR vessel ( STI Ville ) which was contracted to be sold and reclassified to Assets held for sale during the six months ended June 30, 2023. This transaction is 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, 2023: 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 $ 8,296 $ — $ 8,296 $ — $ 2,732 $ 3 $ 7 $ 2,742
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, 2023 (1) : In thousands of U.S. dollars As of June 30, 2023 Less than 1 month $ — 1-3 months 236 3 months to 1 year 12,291 1-5 years 305 5+ years — Total $ 12,832 (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, 2023
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, 2023 through June 30, 2023: In thousands of U.S. dollars Vessels Drydock Total Cost As of January 1, 2023 $ 798,083 $ 22,577 $ 820,660 Transfer to vessels, net (1) (375,159) (8,555) (383,714) Additions (2) 3,619 — 3,619 Fully depreciated assets — (900) (900) As of June 30, 2023 426,543 13,122 439,665 Accumulated depreciation and impairment As of January 1, 2023 (114,902) (15,932) (130,834) Charge for the period (15,737) (2,266) (18,003) Transfer to vessels, net (1) 49,142 7,927 57,069 Fully depreciated assets — 900 900 As of June 30, 2023 (81,497) (9,371) (90,868) As of June 30, 2023 $ 345,046 $ 3,751 $ 348,797 As of December 31, 2022 $ 683,181 $ 6,645 $ 689,826 (1) Primarily represents the transfer of the net book value of nine vessels purchased and transferred to Vessels and drydock. (2) Represents the adjustment to the right of use asset as a result of the remeasurement of the related lease liability upon the commitments to exercise the purchase options on 15 of the vessels under the IFRS 16 - Leases - $670.0 Million lease financing. The following table summarizes the payments made for the six months ended June 30, 2023 and June 30, 2022 relating to lease liabilities accounted for under IFRS 16 - Leases : For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Interest expense recognized in the unaudited condensed consolidated statements of operations $ 19,975 $ 12,328 Principal repayments recognized in unaudited condensed consolidated cash flow statements 250,626 52,568 Net decrease / (increase) in accrued interest expense 22 (70) Total payments on lease liabilities under IFRS 16 $ 270,623 $ 64,826
Schedule of obligation repayments	The obligations under these agreements are expected to be repaid as follows: As of In thousands of U.S. dollars June 30, 2023 Less than 1 year $ 171,630 1 - 5 years 89,155 5+ years 15,616 Total $ 276,401 Discounting effect (27,071) Prepaid interest expense (462) Lease liability $ 248,868

Other assets (Tables)

Other assets (Tables)	6 Months Ended
	Jun. 30, 2023
Subclassifications of assets, liabilities and equities [abstract]
Schedule of other non-current assets	As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Scorpio LR2 Pool Ltd. pool working capital contributions (1) $ 24,650 $ 25,500 Scorpio MR Pool Ltd. pool working capital contributions (1) 21,600 22,000 Scorpio Handymax Tanker Pool Ltd. pool working capital contributions (1) 5,661 5,661 Working capital contributions to Scorpio Pools 51,911 53,161 Seller's credit on sale leaseback vessels (2) 11,762 11,430 Deposits for scrubbers (3) 9,737 9,737 Investment in dual fuel tanker joint venture (4) 8,578 7,672 Investment in BWTS supplier (5) 1,751 1,751 Capitalized loan fees 3 3 Other assets $ 83,742 $ 83,754 (1) Upon entrance into the Scorpio LR2, 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, 2023 and 2022. (3) Amounts represent deposits paid to the supplier of exhaust gas cleaning systems ("scrubbers"). 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 with initial terms of 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. In November 2022, we contributed an additional $1.75 million to the joint venture to increase the joint venture's ownership interest in one of the LR1 tankers. 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 $2.4 million as our share of net income resulting from this joint venture during the six months ended June 30, 2023. Additionally, the joint venture issued a cash distribution of $1.5 million during this period.

Accounts payable (Tables)

Accounts payable (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 and December 31, 2022: As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Scorpio MR Pool Limited $ 1,141 $ 7,333 Scorpio Ship Management S.A.M. (SSM) 577 734 Scorpio Services Holding Limited (SSH) 407 286 Amounts due to a related party port agent 249 137 Scorpio Commercial Management S.A.M. (SCM) 171 507 Scorpio LR2 Pool Limited 8 424 Scorpio Handymax Tanker Pool Limited 1 2,333 Amounts due to a related party bunker supplier — 2,322 Accounts payable to related parties 2,554 14,076 Suppliers 8,666 14,672 $ 11,220 $ 28,748

Accrued expenses (Tables)

Accrued expenses (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 and December 31, 2022: As of In thousands of U.S. dollars June 30, 2023 December 31, 2022 Accrued expenses to a related party port agent $ 1,093 $ 876 Scorpio Ship Management S.A.M (SSM) 133 89 Scorpio Commercial Management S.A.M. (SCM) 37 33 Scorpio Holdings Limited — 1 Accrued expenses to related parties 1,263 999 Suppliers 25,404 32,051 Accrued short-term employee benefits 20,915 40,295 Accrued interest 11,354 7,200 Deferred income 13,957 10,963 $ 72,893 $ 91,508

Current and long-term debt (Tab

Current and long-term debt (Tables)	6 Months Ended
	Jun. 30, 2023
Borrowings [abstract]
Schedule of detailed information about current and long-term debt	The following is a roll forward of the activity within debt, sale and leaseback, and IFRS 16 - lease liability (current and non-current), by facility, for the six months ended June 30, 2023: Activity Balance as of June 30, 2023 consists of: In thousands of U.S. dollars Carrying Value as of December 31, 2022 Drawdowns Repayments Other Activity (1) Carrying Value as of June 30, 2023 Current Non-Current Hamburg Commercial Credit Facility $ 33,732 $ — $ (1,646) $ — $ 32,086 $ 3,292 $ 28,794 Prudential Credit Facility 39,286 — (2,773) — 36,513 5,546 30,967 2019 DNB / GIEK Credit Facility 38,338 — (3,557) — 34,781 7,113 27,668 BNPP Sinosure Credit Facility 80,576 — (5,455) — 75,121 10,908 64,213 2020 $225.0 Million Credit Facility 37,765 — (2,567) — 35,198 5,133 30,065 2023 $225.0 Million Credit Facility — 225,000 (8,475) — 216,525 33,900 182,625 2023 $49.1 Million Credit Facility — 49,088 (1,154) — 47,934 4,616 43,318 2023 $117.4 Million Credit Facility — 117,394 — — 117,394 17,008 100,386 Ocean Yield Lease Financing 114,273 — (59,965) 394 54,702 30,947 23,755 BCFL Lease Financing (LR2s) 67,058 — (5,473) 215 61,800 10,050 51,750 CSSC Lease Financing 119,165 — (7,282) 345 112,228 14,338 97,890 BCFL Lease Financing (MRs) 53,202 — (8,162) — 45,040 15,628 29,412 AVIC Lease Financing 77,769 — (77,769) — — — — 2020 CMBFL Lease Financing 38,090 — (1,622) — 36,468 3,242 33,226 2020 TSFL Lease Financing 40,607 — (1,660) — 38,947 3,322 35,625 2020 SPDBFL Lease Financing 80,616 — (3,247) — 77,369 6,495 70,874 2021 AVIC Lease Financing 83,662 — (3,626) — 80,036 7,252 72,784 2021 CMBFL Lease Financing 68,045 — (3,260) — 64,785 6,520 58,265 2021 TSFL Lease Financing 49,997 — (2,190) — 47,807 4,380 43,427 2021 CSSC Lease Financing 48,631 — (48,631) — — — — 2021 $146.3 Million Lease Financing 133,699 — (6,589) — 127,110 13,179 113,931 2021 Ocean Yield Lease Financing 63,933 — (2,901) — 61,032 5,866 55,166 2022 AVIC Lease Financing 112,620 — (4,584) — 108,036 9,168 98,868 IFRS 16 - Leases - 3 MR 21,138 — (4,234) — 16,904 8,906 7,998 IFRS 16 - Leases - $670.0 Million 475,939 — (247,132) 3,619 232,426 153,443 78,983 Unsecured Senior Notes Due 2025 70,451 — — 22 70,473 — 70,473 $ 1,948,592 $ 391,482 $ (513,954) $ 4,595 $ 1,830,715 $ 380,252 $ 1,450,463 Less: deferred financing fees (12,758) (7,731) — 3,052 (17,437) (2,098) (15,339) Less: prepaid interest expense (3,735) — 2,378 — (1,357) (1,357) — Total $ 1,932,099 $ 383,751 $ (511,576) $ 7,647 $ 1,811,921 $ 376,797 $ 1,435,124 (1) Relates to (i) non-cash accretion, amortization or write-off of 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 discount on our Senior Notes Due 2025, and (iv) the remeasurement, upon the notification of the intent to exercise purchase options, of the right of use lease liability, IFRS 16 - Leases - $670.0 Million. The following table summarizes our financial expenses for the six months ended June 30, 2023 and 2022, respectively. For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Interest expense, net of capitalized interest (1) $ 81,353 $ 60,300 Loss on extinguishment of debt and write-off of deferred financing fees (2) 2,694 5,784 Accretion of convertible notes (3) — 7,747 Amortization of deferred financing fees 2,548 3,483 Accretion of premiums and discounts on debt assumed in historical acquisitions 657 1,396 Total financial expenses $ 87,252 $ 78,710 (1) The increase in interest expense, net of capitalized interest, for the six months ended June 30, 2023, was primarily attributable to an increase in the benchmark rates, primarily LIBOR, as compared to the six months ended June 30, 2022. During the six months ended June 30, 2023, benchmark interest rates increased as central banks around the world introduced measures to combat rising inflation. The increases in benchmark rates were partially offset by (i) the overall reductions in our indebtedness arising from the sales of 18 vessels (and repayments of the related debt or lease financing obligations), (ii) the exercise of purchase options on 39 lease financed vessels and (iii) the maturity of the Convertible Notes Due 2022 in May 2022, and the conversion of the Convertible Notes Due 2025 in December 2022. These reductions were partially offset by new borrowings as discussed in Note 11. The combination resulted in higher interest expense for the six months ended June 30, 2023 compared to June 30, 2022 despite the reduction in the average debt balance to $2.0 billion from $2.9 billion, respectively. Included in interest expense for the six months ended June 30, 2023 is $0.6 million of accelerated effective interest amortization of lender fees under IFRS 16 - Leases related to the exercise of purchase options on vessels financed under the IFRS 16 - Leases - $670.0 Million lease financing. (2) The loss on extinguishment of debt and write-off of deferred financing fees during the six months ended June 30, 2023 include (i) $0.5 million of write-offs of deferred financing fees, (ii) $0.3 million of write-offs of the discounts, and (iii) $1.9 million of debt extinguishment costs, all of which related to the notifications to exercise purchase options on certain lease financed vessels during the period. The loss on extinguishment of debt and write-off of deferred financing fees 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.

Common shares (Tables)

Common shares (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of terms and conditions of share-based payment arrangement [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, 2023. Number of Shares Weighted Average Grant Date Fair Value Outstanding and non-vested, December 31, 2022 2,705,989 $ 21.63 Granted 1,817,750 55.61 Vested (371,473) 20.89 Forfeited (10,000) 19.83 Outstanding and non-vested, June 30, 2023 4,142,266 $ 36.61
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, 2023 through December 31, 2023 $ 20,850 $ 1,654 $ 22,504 For the year ending December 31, 2024 37,753 1,818 39,571 For the year ending December 31, 2025 28,876 478 29,354 For the year ending December 31, 2026 14,589 — 14,589 For the year ending December 31, 2027 4,844 — 4,844 $ 106,912 $ 3,950 $ 110,862

Related party transactions (Tab

Related party transactions (Tables)	6 Months Ended
	Jun. 30, 2023
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 operations and balance sheets are as follows: For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Pool revenue (1) Scorpio MR Pool Limited $ 305,534 $ 271,013 Scorpio LR2 Pool Limited 237,819 175,421 Scorpio Handymax Tanker Pool Limited 69,044 34,190 Scorpio LR1 Pool Limited — 11,169 Time charter-out revenue (2) 10,625 — Voyage expenses (3) (2,503) (2,404) Vessel operating costs (4) (16,401) (16,618) Administrative expenses (5) (7,181) (6,665) Purchases of bunkers (6) (4,318) (10,793) (1) These transactions relate to revenue earned in the Scorpio Pools. The Scorpio Pools are related parties. When our vessels are in the Scorpio Pools, SCM, the pool manager, charges fees of $300 per vessel per day with respect to our LR1 vessels, $250 per vessel per day with respect to our LR2 vessels, and $325 per vessel per day with respect to each of our Handymax and MR vessels, plus a commission of 1.50% on gross revenue per charter fixture. These are the same fees that SCM charges other vessels in these pools, including third party owned vessels. (2) These transactions relate to revenue earned for certain vessels on time charter, which have been time chartered out through SSH to the end customers. (3) Related party expenditures included within voyage expenses in the unaudited condensed consolidated statements of operations 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 operations. Voyage expenses also consist of $0.4 million and $0.8 million charged by related party port agents during the six months ended June 30, 2023 and 2022, respectively. SSH has a majority equity interest in port agents that provide supply and logistical services for vessels operating in their regions. (4) Related party expenditures included within vessel operating costs in the unaudited condensed consolidated statements of operations consist of the following: • Technical management fees of $14.2 million and $15.6 million charged by SSM (or its affiliates), a related party, during the six months ended June 30, 2023 and 2022, 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 $67.1 million and $73.0 million during the six months ended June 30, 2023 and 2022, 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 $2.3 million and $1.0 million charged by related party port agents during the six months ended June 30, 2023 and 2022, respectively. (5) We have an Amended Administrative Services Agreement with SSH for the provision of administrative staff, office space, and administrative services, including accounting, legal compliance, financial and information technology services. SSH is a related party to us. We reimburse SSH for direct or indirect expenses that are incurred on our behalf. SSH also arranges vessel sales and purchases for us. The services provided to us by SSH may be sub-contracted to other entities within the Scorpio group of companies, or Scorpio. The expenses incurred under this agreement were recorded in general and administrative expenses in the unaudited condensed consolidated statement of operations and consisted of the following: • The expense for the six months ended June 30, 2023 of $7.2 million included (i) administrative fees of $5.2 million charged by SSH, (ii) restricted stock amortization of $2.0 million, which relates to the issuance of an aggregate of 695,400 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 $25,126 to SSH. • 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. (6) 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, 2023 December 31, 2022 Assets: Accounts receivable and prepaid expenses (due from the Scorpio Pools) (1) $ 198,226 $ 236,389 Prepaid expenses (SSM) (2) 5,562 5,450 Accounts receivable and prepaid expenses (SSH) 1,635 4,976 Prepaid expenses (SCM) 85 84 Prepaid expenses (related party port agents) — 98 Other assets (pool working capital contributions) (3) 51,911 53,161 Liabilities: Accounts payable and accrued expenses (owed to the Scorpio Pools) 1,150 10,090 Accounts payable and accrued expenses (related party port agents) 1,342 955 Accounts payable and accrued expenses (SSM) 709 823 Accounts payable and accrued expenses (SSH) 407 287 Accounts payable and accrued expenses (SCM) 208 540 Accounts payable and accrued expenses (related party bunker supplier) — 2,380 (1) Accounts receivable and prepaid expenses 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) 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, 2023 and 2022: For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Short-term employee benefits (salaries) $ 14,642 $ 9,258 Share-based compensation (1) 9,934 7,444 Total $ 24,576 $ 16,702 (1) Represents the amortization of restricted stock issued under the 2013 Equity Incentive Plan as described in Note 12.

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of operating segments [abstract]
Disclosure of operating segments	Information about our reportable segments for the six months ended June 30, 2023 and 2022 is as follows: For the six months ended June 30, 2023 In thousands of U.S. dollars LR1 Handymax LR2 MR Reportable segments subtotal Corporate and eliminations Total Vessel revenue $ — $ 85,118 $ 293,389 $ 335,223 $ 713,730 $ — $ 713,730 Vessel operating costs — (17,947) (54,955) (79,630) (152,532) — (152,532) Voyage expenses — (2,702) (3,069) (3,242) (9,013) — (9,013) Depreciation - owned or sale and leaseback vessels — (10,242) (36,578) (35,868) (82,688) — (82,688) Depreciation - right of use assets for vessels — — (3,708) (14,295) (18,003) — (18,003) General and administrative expenses — (683) (1,925) (2,990) (5,598) (43,882) (49,480) Financial expenses — — — — — (87,252) (87,252) Financial income — — — 332 332 8,212 8,544 Other income and (expense), net — — — — — 2,332 2,332 Segment (loss) / income $ — $ 53,544 $ 193,154 $ 199,530 $ 446,228 $ (120,590) $ 325,638 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

Vessel revenue (Tables)

Vessel revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Analysis of income and expense [abstract]
Revenue sources	Revenue Sources For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Pool revenue $ 612,397 $ 491,793 Voyage revenue (spot market) 27,330 86,252 Time charter revenue 74,003 1,075 $ 713,730 $ 579,120
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 2023 2022 Lease component of revenue from time charter-out and pool revenue $ 540,240 $ 303,268 Non-lease component of revenue from time charter-out and pool revenue 146,160 189,600 $ 686,400 $ 492,868
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 STI Connaught (1) LR2 Three years $30,000/day August 2022 STI Lombard LR2 Three years $32,750/day September 2022 STI Duchessa MR Three years $25,000/day October 2022 STI Gauntlet LR2 Three years $32,750/day November 2022 STI Lavender LR2 Three years $35,000/day December 2022 STI Grace LR2 Three years $37,500/day December 2022 STI Jermyn LR2 Three years $40,000/day April 2023

Crewing costs (Tables)

Crewing costs (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 and 2022, respectively. For the six months ended June 30, In thousands of US dollars 2023 2022 Short-term crew benefits (i.e. wages, victualling, insurance) $ 73,822 $ 81,510 Other crew related costs 11,225 12,775 $ 85,047 $ 94,285

Financial expenses (Tables)

Financial expenses (Tables)	6 Months Ended
	Jun. 30, 2023
Analysis of income and expense [abstract]
Schedule of financial expenses	The following is a roll forward of the activity within debt, sale and leaseback, and IFRS 16 - lease liability (current and non-current), by facility, for the six months ended June 30, 2023: Activity Balance as of June 30, 2023 consists of: In thousands of U.S. dollars Carrying Value as of December 31, 2022 Drawdowns Repayments Other Activity (1) Carrying Value as of June 30, 2023 Current Non-Current Hamburg Commercial Credit Facility $ 33,732 $ — $ (1,646) $ — $ 32,086 $ 3,292 $ 28,794 Prudential Credit Facility 39,286 — (2,773) — 36,513 5,546 30,967 2019 DNB / GIEK Credit Facility 38,338 — (3,557) — 34,781 7,113 27,668 BNPP Sinosure Credit Facility 80,576 — (5,455) — 75,121 10,908 64,213 2020 $225.0 Million Credit Facility 37,765 — (2,567) — 35,198 5,133 30,065 2023 $225.0 Million Credit Facility — 225,000 (8,475) — 216,525 33,900 182,625 2023 $49.1 Million Credit Facility — 49,088 (1,154) — 47,934 4,616 43,318 2023 $117.4 Million Credit Facility — 117,394 — — 117,394 17,008 100,386 Ocean Yield Lease Financing 114,273 — (59,965) 394 54,702 30,947 23,755 BCFL Lease Financing (LR2s) 67,058 — (5,473) 215 61,800 10,050 51,750 CSSC Lease Financing 119,165 — (7,282) 345 112,228 14,338 97,890 BCFL Lease Financing (MRs) 53,202 — (8,162) — 45,040 15,628 29,412 AVIC Lease Financing 77,769 — (77,769) — — — — 2020 CMBFL Lease Financing 38,090 — (1,622) — 36,468 3,242 33,226 2020 TSFL Lease Financing 40,607 — (1,660) — 38,947 3,322 35,625 2020 SPDBFL Lease Financing 80,616 — (3,247) — 77,369 6,495 70,874 2021 AVIC Lease Financing 83,662 — (3,626) — 80,036 7,252 72,784 2021 CMBFL Lease Financing 68,045 — (3,260) — 64,785 6,520 58,265 2021 TSFL Lease Financing 49,997 — (2,190) — 47,807 4,380 43,427 2021 CSSC Lease Financing 48,631 — (48,631) — — — — 2021 $146.3 Million Lease Financing 133,699 — (6,589) — 127,110 13,179 113,931 2021 Ocean Yield Lease Financing 63,933 — (2,901) — 61,032 5,866 55,166 2022 AVIC Lease Financing 112,620 — (4,584) — 108,036 9,168 98,868 IFRS 16 - Leases - 3 MR 21,138 — (4,234) — 16,904 8,906 7,998 IFRS 16 - Leases - $670.0 Million 475,939 — (247,132) 3,619 232,426 153,443 78,983 Unsecured Senior Notes Due 2025 70,451 — — 22 70,473 — 70,473 $ 1,948,592 $ 391,482 $ (513,954) $ 4,595 $ 1,830,715 $ 380,252 $ 1,450,463 Less: deferred financing fees (12,758) (7,731) — 3,052 (17,437) (2,098) (15,339) Less: prepaid interest expense (3,735) — 2,378 — (1,357) (1,357) — Total $ 1,932,099 $ 383,751 $ (511,576) $ 7,647 $ 1,811,921 $ 376,797 $ 1,435,124 (1) Relates to (i) non-cash accretion, amortization or write-off of 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 discount on our Senior Notes Due 2025, and (iv) the remeasurement, upon the notification of the intent to exercise purchase options, of the right of use lease liability, IFRS 16 - Leases - $670.0 Million. The following table summarizes our financial expenses for the six months ended June 30, 2023 and 2022, respectively. For the six months ended June 30, In thousands of U.S. dollars 2023 2022 Interest expense, net of capitalized interest (1) $ 81,353 $ 60,300 Loss on extinguishment of debt and write-off of deferred financing fees (2) 2,694 5,784 Accretion of convertible notes (3) — 7,747 Amortization of deferred financing fees 2,548 3,483 Accretion of premiums and discounts on debt assumed in historical acquisitions 657 1,396 Total financial expenses $ 87,252 $ 78,710 (1) The increase in interest expense, net of capitalized interest, for the six months ended June 30, 2023, was primarily attributable to an increase in the benchmark rates, primarily LIBOR, as compared to the six months ended June 30, 2022. During the six months ended June 30, 2023, benchmark interest rates increased as central banks around the world introduced measures to combat rising inflation. The increases in benchmark rates were partially offset by (i) the overall reductions in our indebtedness arising from the sales of 18 vessels (and repayments of the related debt or lease financing obligations), (ii) the exercise of purchase options on 39 lease financed vessels and (iii) the maturity of the Convertible Notes Due 2022 in May 2022, and the conversion of the Convertible Notes Due 2025 in December 2022. These reductions were partially offset by new borrowings as discussed in Note 11. The combination resulted in higher interest expense for the six months ended June 30, 2023 compared to June 30, 2022 despite the reduction in the average debt balance to $2.0 billion from $2.9 billion, respectively. Included in interest expense for the six months ended June 30, 2023 is $0.6 million of accelerated effective interest amortization of lender fees under IFRS 16 - Leases related to the exercise of purchase options on vessels financed under the IFRS 16 - Leases - $670.0 Million lease financing. (2) The loss on extinguishment of debt and write-off of deferred financing fees during the six months ended June 30, 2023 include (i) $0.5 million of write-offs of deferred financing fees, (ii) $0.3 million of write-offs of the discounts, and (iii) $1.9 million of debt extinguishment costs, all of which related to the notifications to exercise purchase options on certain lease financed vessels during the period. The loss on extinguishment of debt and write-off of deferred financing fees 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.

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings per share [abstract]
Schedule of basic and diluted earnings per share	The calculation of both basic and diluted earnings per share is based on net income 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 2023 2022 Net income attributable to equity holders of the parent - basic $ 325,638 $ 106,683 Convertible notes interest expense — 12,032 Net income attributable to equity holders of the parent - diluted $ 325,638 $ 118,715 Basic weighted average number of shares 54,926,939 55,502,389 Effect of dilutive potential basic shares: Restricted stock 2,259,164 2,283,834 Convertible notes — 6,825,428 2,259,164 9,109,262 Diluted weighted average number of shares 57,186,103 64,611,651 Earnings Per Share: Basic $ 5.93 $ 1.92 Diluted $ 5.69 $ 1.84

Financial instruments - finan_2

Financial instruments - financial and other risks (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about financial instruments [abstract]
Fair Values and Carrying Values of Financial Liabilities	Categories of Financial Instruments As of June 30, 2023 As of December 31, 2022 Amounts in thousands of U.S. dollars Fair value Carrying Value Fair value Carrying Value Financial assets Cash and cash equivalents (1) $ 313,923 $ 313,923 $ 376,870 $ 376,870 Restricted cash (2) 783 783 783 783 Accounts receivable (3) 201,568 201,568 276,700 276,700 Investment in ballast water treatment supplier (4) 1,751 1,751 1,751 1,751 Working capital contributions to Scorpio Pools (5) 51,911 51,911 53,161 53,161 Sellers credit on sale leaseback vessels (6) 11,762 11,762 11,430 11,430 Financial liabilities Accounts payable (7) $ 11,220 $ 11,220 $ 28,748 $ 28,748 Accrued expenses (7) 72,893 72,893 91,508 91,508 Secured bank loans (8) 586,358 586,358 226,896 226,896 Sale and leaseback liability (9) 907,137 907,639 1,139,877 1,140,614 IFRS 16 - Lease liability (10) 248,343 248,868 495,234 495,875 Unsecured Senior Notes Due 2025 (11) 70,063 70,571 69,639 70,571 (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 7) 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 . This deposit will either be applied to the purchase price of the vessel if a purchase option is exercised or refunded to us at the expiration of the agreement. This deposit has been recorded as a financial asset measured at amortized cost. The present value of this deposit has been calculated based on the interest rate that is implied in the leases, and the carrying value will accrete over the life of the lease using the effective interest method, through interest income, until expiration. We consider that its carrying value approximates fair value given that its value is contractually fixed based on the terms of each lease. (7) We consider that the carrying amounts of accounts payable and accrued expenses approximate fair value due to the relative short maturity of these amounts. (8) The carrying value of our secured bank loans are measured at amortized cost using the effective interest method. We consider that their carrying value approximates fair value because (i) the interest rates on these instruments change with, or approximate, market interest rates and (ii) the credit risk of the Company has remained stable. Accordingly, we consider their fair value to be a Level 2 measurement. These amounts are shown net of $9.2 million and $2.8 million of unamortized deferred financing fees as of June 30, 2023 and December 31, 2022, respectively. (9) The carrying value of our obligations due under sale and leaseback arrangements are measured at amortized cost using the effective interest method. With the exception of our fixed rate sale and leaseback arrangements (as denoted in Note 12), we consider that their carrying value approximates fair value because the interest rates on these instruments change with, or approximate, market interest rates and the credit risk of the Company has remained stable. The fair value of leases with fixed payments are measured at the net discounted value of the remaining minimum lease payments using our incremental borrowing rate at June 30, 2023. Accordingly, we consider their fair value to be a Level 2 measurement. These amounts are shown net of $6.8 million and $8.2 million of unamortized deferred financing fees as of June 30, 2023 and December 31, 2022, 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, 2023 and December 31, 2022, respectively. Accordingly, we consider their fair value to be a Level 2 measurement.

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, 2023 vessel
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	113
Non-current assets held for sale
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	1
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	60
LR2
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	39

Prepaid expenses and other as_3

Prepaid expenses and other assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Third party - prepaid vessel operating expenses	$ 2,404	$ 2,787
Prepaid insurance	1,655	744
Prepaid port agent advances	3	3,086
Other prepaid expenses	955	5,892
Current prepayments and other current assets	10,667	18,159
Other related parties
Disclosure of transactions between related parties [line items]
Prepaid expenses and other current assets - related parties	5,650	5,650
Prepaid vessel operating expenses - SSM | Other related parties
Disclosure of transactions between related parties [line items]
Prepaid expenses and other current assets - related parties	5,562	5,450
Prepaid expenses - SCM | Other related parties
Disclosure of transactions between related parties [line items]
Prepaid expenses and other current assets - related parties	85	84
Prepaid expenses - Scorpio Handymax Tanker Pool Limited | Other related parties
Disclosure of transactions between related parties [line items]
Prepaid expenses and other current assets - related parties	3	3
Prepaid expenses - related party port agent | Other related parties
Disclosure of transactions between related parties [line items]
Prepaid expenses and other current assets - related parties	0	98
Prepaid expenses - Scorpio MR Pool Limited | Other related parties
Disclosure of transactions between related parties [line items]
Prepaid expenses and other current assets - related parties	0	14
Prepaid expenses - Scorpio LR2 Pool Limited | Other related parties
Disclosure of transactions between related parties [line items]
Prepaid expenses and other current assets - related parties	$ 0	$ 1

Accounts receivable - Summary o

Accounts receivable - Summary of accounts receivable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Insurance receivables	$ 1,157,000	$ 878,000
Spot voyage and time charter receivables	554,000	34,475,000
Accounts receivable	$ 201,568,000	276,700,000
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	199,857,000	241,347,000
Other related parties | Scorpio MR Pool Limited
Disclosure of transactions between related parties [line items]
Receivables from related parties	106,233,000	115,092,000
Other related parties | Scorpio LR2 Pool Limited
Disclosure of transactions between related parties [line items]
Receivables from related parties	87,200,000	113,523,000
Other related parties | Scorpio Handymax Tanker Pool Limited
Disclosure of transactions between related parties [line items]
Receivables from related parties	4,238,000	7,149,000
Other related parties | Scorpio Services Holding Limited (SSH)
Disclosure of transactions between related parties [line items]
Receivables from related parties	1,635,000	4,976,000
Other related parties | Scorpio LR1 Pool Limited
Disclosure of transactions between related parties [line items]
Receivables from related parties	$ 551,000	$ 607,000

Assets held for sale and Vess_3

Assets held for sale and Vessels and drydock - Narrative (Details) $ in Millions	1 Months Ended	6 Months Ended
	Jul. 31, 2018 equipment	Jun. 30, 2023 USD ($) vessel tanker
Disclosure of detailed information about property, plant and equipment [line items]
Percentage of equipment cost estimated to require replacement value of vessel		10%
Vessels | MR | Non-current assets held for sale | STI Ville
Disclosure of detailed information about property, plant and equipment [line items]
Gross sales price of vessels | $		$ 32.5
Purchase and installation of scrubbers
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels | vessel		85
Ballast water treatment systems
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels with BWTS | equipment	55
Number of vessels | tanker		56

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, 2023 USD ($) tanker
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	$ 3,089,254
Fully depreciated assets	(900)
Fully depreciated assets	(900)
Property, plant and equipment	3,319,688
Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	4,162,703
Transfer from right of use assets, net	326,645
Additions	11,038
Disposals of vessels	(38,088)
Fully depreciated assets	(1,500)
Property, plant and equipment	4,460,798
Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(1,073,449)
Disposals of vessels	13,527
Charge for the period	(82,688)
Fully depreciated assets	(1,500)
Property, plant and equipment	(1,141,110)
Vessels
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	3,028,804
Fully depreciated assets	0
Fully depreciated assets	0
Property, plant and equipment	$ 3,262,333
Vessels | MR
Reconciliation of changes in property, plant and equipment [abstract]
Number of ships purchased, previously recorded as right-of-use assets | tanker	7
Vessels | LR2
Reconciliation of changes in property, plant and equipment [abstract]
Number of ships purchased, previously recorded as right-of-use assets | tanker	2
Vessels | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	$ 4,045,062
Transfer from right of use assets, net	326,017
Additions	2,742
Disposals of vessels	(36,853)
Fully depreciated assets	0
Property, plant and equipment	4,336,968
Vessels | Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(1,016,258)
Disposals of vessels	12,574
Charge for the period	(70,951)
Fully depreciated assets	0
Property, plant and equipment	(1,074,635)
Drydock
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	60,450
Fully depreciated assets	(900)
Fully depreciated assets	(900)
Property, plant and equipment	57,355
Drydock | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	117,641
Transfer from right of use assets, net	628
Additions	8,296
Disposals of vessels	(1,235)
Fully depreciated assets	(1,500)
Property, plant and equipment	123,830
Drydock | Accumulated depreciation and impairment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(57,191)
Disposals of vessels	953
Charge for the period	(11,737)
Fully depreciated assets	(1,500)
Property, plant and equipment	$ (66,475)

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, 2023 USD ($)
Drydock
Disclosure of detailed information about property, plant and equipment [line items]
Drydock	$ 8,296
Notional component of scrubber	0
Total drydock additions	8,296
Vessels
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber	0
BWTS	2,732
Other equipment	3
Capitalized interest	7
Total vessel additions	$ 2,742

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, 2023 USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	$ 12,832
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	236
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	12,291
1 - 5 years
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	305
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 - Carrying value of vessels (Details) - Vessels - Property, plant and equipment not subject to operating leases	Jun. 30, 2023 vessel
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Number of vessels	113
Number of vessels	113

Assets held for sale and Vess_8

Assets held for sale and Vessels and drydock - Vessel deliveries (Details) $ in Millions	1 Months Ended
	Jul. 31, 2018 USD ($) equipment	Jun. 30, 2023 vessel tanker
Ballast water treatment systems
Disclosure of detailed information about property, plant and equipment [line items]
Number of equipment | equipment	55
Payments to acquire property, plant, and equipment | $	$ 36.2
Number of vessels | tanker		56
Purchase and installation of scrubbers
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels | vessel		85

Assets held for sale and Vess_9

Assets held for sale and Vessels and drydock - Vessel sales (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($) vessel
Disclosure of detailed information about property, plant and equipment [line items]
Repayments	$ 260,950	$ 507,764
Loss on sales of vessels, net		$ 69,218
Number of vessels in agreement to sell | vessel		18
Net proceeds from sales of vessels	0	$ 541,187
Write-off of deferred financing fees	$ 2,694	$ 5,784

Right of use assets and relat_3

Right of use assets and related lease liabilities - Narrative (Details) $ in Thousands	1 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) tanker vessel	May 31, 2023 USD ($) vessel	Jun. 30, 2023 USD ($) tanker vessel	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Disclosure of quantitative information about right-of-use assets [line items]
Payments of lease liabilities, classified as financing activities			$ 250,626	$ 52,568
Right of use assets for vessels	$ 348,797		348,797		$ 689,826
Income from subleasing right-of-use assets			99,000	$ 98,900
Minimum lease payments	276,401		276,401
Vessels
Disclosure of quantitative information about right-of-use assets [line items]
Right of use assets for vessels	345,046		345,046		683,181
Vessels | STI Magnetic, STI Marshall and STI Lavender
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels acquired | vessel		3
Payments of lease liabilities, classified as financing activities		$ 79,000
Vessels | STI Magic, STI Mystery, STI Marvel, STI Magister, STI Mythic and STI Lobelia
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels acquired | vessel		6
Payments of lease liabilities, classified as financing activities	148,700
Vessels | Nine Vessels
Disclosure of quantitative information about right-of-use assets [line items]
Right of use assets for vessels	326,800		326,800
Drydock
Disclosure of quantitative information about right-of-use assets [line items]
Right of use assets for vessels	3,751		3,751		$ 6,645
Drydock | Nine Vessels
Disclosure of quantitative information about right-of-use assets [line items]
Right of use assets for vessels	$ 1,800		$ 1,800
IFRS 16 - Leases - $670.0 Million | Lease option to purchase, option exercised
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels | tanker	15		15
Increase (decrease) in net investment in finance lease			$ 3,600
Bareboat charger agreements fixed rate
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels | vessel	3		3
Bareboat charter agreements variable rate
Disclosure of quantitative information about right-of-use assets [line items]
Number of vessels | vessel	18		18

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
	Jun. 30, 2023 USD ($) tanker vessel	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Cost
As of January 1, 2023	$ 820,660
Transfer to vessels, net	(383,714)
Additions	3,619
Fully depreciated assets	(900)
As of June 30, 2023	439,665
Accumulated depreciation and impairment
As of January 1, 2023	(130,834)
Charge for the period	(18,003)	$ (19,488)
Transfer to vessels, net	57,069
Fully depreciated assets	900
As of June 30, 2023	(90,868)
Net book value	$ 348,797		$ 689,826
IFRS 16 - Leases - $670.0 Million | Commitments to exercise purchase options
Accumulated depreciation and impairment
Number of vessels | tanker	15
IFRS 16 - Leases - $670.0 Million | Lease option to purchase, option exercised
Accumulated depreciation and impairment
Number of vessels | tanker	15
Vessels
Cost
As of January 1, 2023	$ 798,083
Transfer to vessels, net	(375,159)
Additions	3,619
Fully depreciated assets	0
As of June 30, 2023	426,543
Accumulated depreciation and impairment
As of January 1, 2023	(114,902)
Charge for the period	(15,737)
Transfer to vessels, net	49,142
Fully depreciated assets	0
As of June 30, 2023	(81,497)
Net book value	$ 345,046		683,181
Vessels | Lease option to purchase, option exercised
Accumulated depreciation and impairment
Number of vessels transferred to Vessels and Drydock | vessel	9
Drydock
Cost
As of January 1, 2023	$ 22,577
Transfer to vessels, net	(8,555)
Additions	0
Fully depreciated assets	(900)
As of June 30, 2023	13,122
Accumulated depreciation and impairment
As of January 1, 2023	(15,932)
Charge for the period	(2,266)
Transfer to vessels, net	7,927
Fully depreciated assets	900
As of June 30, 2023	(9,371)
Net book value	$ 3,751		$ 6,645

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, 2023	Jun. 30, 2022
Disclosure of quantitative information about right-of-use assets [line items]
Interest expense recognized in the unaudited condensed consolidated statements of operations	$ 19,975	$ 12,328
Payments of lease liabilities, classified as financing activities	250,626	52,568
Net decrease / (increase) in accrued interest expense	22	(70)
Total payments on lease liabilities under IFRS 16	$ 270,623	$ 64,826

Right of use assets and relat_6

Right of use assets and related lease liabilities - Future minimum lease payments (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Disclosure of finance lease and operating lease by lessee [line items]
Total	$ 276,401
Discounting effect	(27,071)
Prepaid interest expense	(462)
Lease liabilities	248,868
Less than 1 year
Disclosure of finance lease and operating lease by lessee [line items]
Total	171,630
1 - 5 years
Disclosure of finance lease and operating lease by lessee [line items]
Total	89,155
5+ years
Disclosure of finance lease and operating lease by lessee [line items]
Total	$ 15,616

Carrying values of vessels (Det

Carrying values of vessels (Details)	Jun. 30, 2023 vessel
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	1

Other assets (Details)

Other assets (Details) $ in Thousands	1 Months Ended		3 Months Ended	6 Months Ended
	Aug. 31, 2021 USD ($) vessel	Jul. 31, 2018 USD ($) equipment	Dec. 31, 2021 vessel	Jun. 30, 2023 USD ($) tanker	Jun. 30, 2022 USD ($) vessel	Dec. 31, 2022 USD ($)	Nov. 01, 2022 USD ($)	Apr. 30, 2017 USD ($)
Disclosure Of Other Assets [Line Items]
Seller's credit on sale leaseback vessels				$ 11,762		$ 11,430
Investment in joint venture and BWTS supplier				8,578		7,672
Capitalized loan fees				3		3
Other assets				83,742		83,754
Number of sales completed | vessel					16
Proportion of ownership interest in joint venture	50%
Distributions from dual fuel tanker joint venture				1,489	$ 240
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities		$ 1,800
Joint ventures
Disclosure Of Other Assets [Line Items]
Aggregate proceeds	$ 6,700
Share of net income resulting from joint venture				2,400
Distributions from dual fuel tanker joint venture				1,500
Minority interest in portfolio acquired
Disclosure Of Other Assets [Line Items]
Investments in joint ventures accounted for using equity method							$ 1,750
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
Deposits for scrubbers
Disclosure Of Other Assets [Line Items]
Deposits for scrubbers				$ 9,737		9,737
Investment in BWTS supplier
Disclosure Of Other Assets [Line Items]
Number of vessels | tanker				56
Number of vessels with BWTS | equipment		55
Payments to acquire property, plant, and equipment		$ 36,200
Investment in BWTS supplier | Third party supplier
Disclosure Of Other Assets [Line Items]
Investment in joint venture and BWTS supplier				$ 1,751		1,751
Vessels
Disclosure Of Other Assets [Line Items]
Accretion of lease financed vessels				300	$ 300
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, and STI Larvotto | Vessels
Disclosure Of Other Assets [Line Items]
Seller's credit on sale leaseback vessels				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				24,650		25,500
Other related parties | Scorpio MR Pool Limited
Disclosure Of Other Assets [Line Items]
Non-current receivables due from related parties				21,600		22,000
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 Pools
Disclosure Of Other Assets [Line Items]
Non-current receivables due from related parties				$ 51,911		$ 53,161

Accounts payable (Details)

Accounts payable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Accounts Payable
Suppliers	$ 8,666,000	$ 14,672,000
Accounts payable	$ 11,220,000	28,748,000
Accounts payable settlement days	90 days
Interest charged on accounts payable	$ 0
Other related parties
Accounts Payable
Related party payables	2,554,000	14,076,000
Other related parties | Scorpio MR Pool Limited
Accounts Payable
Related party payables	1,141,000	7,333,000
Other related parties | Scorpio Ship Management S.A.M. (SSM)
Accounts Payable
Related party payables	577,000	734,000
Other related parties | Scorpio Services Holding Limited (SSH)
Accounts Payable
Related party payables	407,000	286,000
Other related parties | Amounts due to a related party port agent
Accounts Payable
Related party payables	249,000	137,000
Other related parties | Scorpio Commercial Management S.A.M. (SCM)
Accounts Payable
Related party payables	171,000	507,000
Other related parties | Scorpio LR2 Pool Limited
Accounts Payable
Related party payables	8,000	424,000
Other related parties | Scorpio Handymax Tanker Pool Limited
Accounts Payable
Related party payables	1,000	2,333,000
Other related parties | Amounts due to a related party bunker supplier
Accounts Payable
Related party payables	$ 0	$ 2,322,000

Accrued expenses (Details)

Accrued expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disclosure of transactions between related parties [line items]
Suppliers	$ 25,404	$ 32,051
Accrued short-term employee benefits	20,915	40,295
Accrued interest	11,354	7,200
Deferred income	13,957	10,963
Accrued expenses	72,893	91,508
Other related parties
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	1,263	999
Other related parties | Accrued expenses to a related party port agent
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	1,093	876
Other related parties | Scorpio Ship Management S.A.M. (SSM)
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	133	89
Other related parties | Scorpio Commercial Management S.A.M. (SCM)
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	37	33
Other related parties | Scorpio Holdings Limited
Disclosure of transactions between related parties [line items]
Accrued expenses to related parties	$ 0	$ 1

Current and long-term debt - Sc

Current and long-term debt - Schedule of debt rollforward by facility (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disclosure of detailed information about borrowings [line items]
Drawdowns	$ 391,482	$ 122,637
Repayments	(260,950)	$ (507,764)
Non-Current	569,327		$ 264,106
Gross carrying amount
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	1,948,592
Drawdowns	391,482
Repayments	(513,954)
Other Activity	4,595
Carrying Value as of June 30, 2023	1,830,715
Current	380,252
Non-Current	1,450,463
Gross carrying amount | Hamburg Commercial Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	33,732
Drawdowns	0
Repayments	(1,646)
Other Activity	0
Carrying Value as of June 30, 2023	32,086
Current	3,292
Non-Current	28,794
Gross carrying amount | Prudential Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	39,286
Drawdowns	0
Repayments	(2,773)
Other Activity	0
Carrying Value as of June 30, 2023	36,513
Current	5,546
Non-Current	30,967
Gross carrying amount | 2019 DNB / GIEK Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	38,338
Drawdowns	0
Repayments	(3,557)
Other Activity	0
Carrying Value as of June 30, 2023	34,781
Current	7,113
Non-Current	27,668
Gross carrying amount | BNPP Sinosure Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	80,576
Drawdowns	0
Repayments	(5,455)
Other Activity	0
Carrying Value as of June 30, 2023	75,121
Current	10,908
Non-Current	64,213
Gross carrying amount | 2020 $225.0 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	37,765
Drawdowns	0
Repayments	(2,567)
Other Activity	0
Carrying Value as of June 30, 2023	35,198
Current	5,133
Non-Current	30,065
Gross carrying amount | 2023 $225.0 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	0
Drawdowns	225,000
Repayments	(8,475)
Other Activity	0
Carrying Value as of June 30, 2023	216,525
Current	33,900
Non-Current	182,625
Gross carrying amount | 2023 $49.1 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	0
Drawdowns	49,088
Repayments	(1,154)
Other Activity	0
Carrying Value as of June 30, 2023	47,934
Current	4,616
Non-Current	43,318
Gross carrying amount | 2023 $117.4 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	0
Drawdowns	117,394
Repayments	0
Other Activity	0
Carrying Value as of June 30, 2023	117,394
Current	17,008
Non-Current	100,386
Gross carrying amount | Ocean Yield Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	114,273
Drawdowns	0
Repayments	(59,965)
Other Activity	394
Carrying Value as of June 30, 2023	54,702
Current	30,947
Non-Current	23,755
Gross carrying amount | BCFL Lease Financing (LR2s)
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	67,058
Drawdowns	0
Repayments	(5,473)
Other Activity	215
Carrying Value as of June 30, 2023	61,800
Current	10,050
Non-Current	51,750
Gross carrying amount | CSSC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	119,165
Drawdowns	0
Repayments	(7,282)
Other Activity	345
Carrying Value as of June 30, 2023	112,228
Current	14,338
Non-Current	97,890
Gross carrying amount | BCFL Lease Financing (MRs)
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	53,202
Drawdowns	0
Repayments	(8,162)
Other Activity	0
Carrying Value as of June 30, 2023	45,040
Current	15,628
Non-Current	29,412
Gross carrying amount | AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	77,769
Drawdowns	0
Repayments	(77,769)
Other Activity	0
Carrying Value as of June 30, 2023	0
Current	0
Non-Current	0
Gross carrying amount | 2020 CMBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	38,090
Drawdowns	0
Repayments	(1,622)
Other Activity	0
Carrying Value as of June 30, 2023	36,468
Current	3,242
Non-Current	33,226
Gross carrying amount | 2020 TSFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	40,607
Drawdowns	0
Repayments	(1,660)
Other Activity	0
Carrying Value as of June 30, 2023	38,947
Current	3,322
Non-Current	35,625
Gross carrying amount | 2020 SPDBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	80,616
Drawdowns	0
Repayments	(3,247)
Other Activity	0
Carrying Value as of June 30, 2023	77,369
Current	6,495
Non-Current	70,874
Gross carrying amount | 2021 AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	83,662
Drawdowns	0
Repayments	(3,626)
Other Activity	0
Carrying Value as of June 30, 2023	80,036
Current	7,252
Non-Current	72,784
Gross carrying amount | 2021 CMBFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	68,045
Drawdowns	0
Repayments	(3,260)
Other Activity	0
Carrying Value as of June 30, 2023	64,785
Current	6,520
Non-Current	58,265
Gross carrying amount | 2021 TSFL Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	49,997
Drawdowns	0
Repayments	(2,190)
Other Activity	0
Carrying Value as of June 30, 2023	47,807
Current	4,380
Non-Current	43,427
Gross carrying amount | 2021 CSSC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	48,631
Drawdowns	0
Repayments	(48,631)
Other Activity	0
Carrying Value as of June 30, 2023	0
Current	0
Non-Current	0
Gross carrying amount | 2021 $146.3 Million Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	133,699
Drawdowns	0
Repayments	(6,589)
Other Activity	0
Carrying Value as of June 30, 2023	127,110
Current	13,179
Non-Current	113,931
Gross carrying amount | 2021 Ocean Yield Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	63,933
Drawdowns	0
Repayments	(2,901)
Other Activity	0
Carrying Value as of June 30, 2023	61,032
Current	5,866
Non-Current	55,166
Gross carrying amount | 2022 AVIC Lease Financing
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	112,620
Drawdowns	0
Repayments	(4,584)
Other Activity	0
Carrying Value as of June 30, 2023	108,036
Current	9,168
Non-Current	98,868
Gross carrying amount | IFRS 16 - Leases - 3 MR
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	21,138
Drawdowns	0
Repayments	(4,234)
Other Activity	0
Carrying Value as of June 30, 2023	16,904
Current	8,906
Non-Current	7,998
Gross carrying amount | IFRS 16 - Leases - $670.0 Million
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	475,939
Drawdowns	0
Repayments	(247,132)
Other Activity	3,619
Carrying Value as of June 30, 2023	232,426
Current	153,443
Non-Current	78,983
Gross carrying amount | Unsecured Senior Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	70,451
Drawdowns	0
Repayments	0
Other Activity	22
Carrying Value as of June 30, 2023	70,473
Current	0
Non-Current	70,473
Deferred financing fees
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	12,758
Drawdowns	7,731
Repayments	0
Other Activity	(3,052)
Carrying Value as of June 30, 2023	17,437
Current	2,098
Non-Current	15,339
Deferred financing fees | Unsecured Senior Notes Due 2025
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	1,700
Carrying Value as of June 30, 2023	1,400
Prepaid interest expense
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	3,735
Drawdowns	0
Repayments	2,378
Other Activity	0
Carrying Value as of June 30, 2023	1,357
Current	1,357
Non-Current	0
Net carrying amount
Disclosure of detailed information about borrowings [line items]
Carrying Value as of December 31, 2022	1,932,099
Drawdowns	383,751
Repayments	(511,576)
Other Activity	7,647
Carrying Value as of June 30, 2023	1,811,921
Current	376,797
Non-Current	$ 1,435,124

Current and long-term debt - 20

Current and long-term debt - 2023 $225.0 Million Credit Facility (Details) $ in Thousands	1 Months Ended			6 Months Ended
	Mar. 31, 2023 USD ($) tanker	Feb. 28, 2023 USD ($)	Jan. 31, 2023 USD ($) tanker	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Disclosure of detailed information about borrowings [line items]
Issuance of debt				$ 391,482	$ 122,637
Net debt to capitalization ratio			65%
2023 $225.0 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Net debt to capitalization ratio			65%
Consolidated tangible net worth			$ 1,500,000
Minimum percentage aggregate fair value of collateral			140%
2023 $225.0 Million Credit Facility | Consolidated liquidity requirement - scenario one
Disclosure of detailed information about borrowings [line items]
Liquidity requirement			$ 25,000
2023 $225.0 Million Credit Facility | Consolidated liquidity requirement - scenario two
Disclosure of detailed information about borrowings [line items]
Liquidity requirement per owned ship			500
Liquidity requirement per chartered-in ship			250
13 product tankers | 2023 $225.0 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Borrowings			$ 225,000
Issuance of debt	$ 40,100	$ 184,900
Number of vessels | tanker	13
Borrowings maturity, term			5 years
13 product tankers | 2023 $225.0 Million Credit Facility | MR
Disclosure of detailed information about borrowings [line items]
Number of vessels | tanker			11
13 product tankers | 2023 $225.0 Million Credit Facility | MR | Repayment period one
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount per vessel			$ 630
Borrowings, repayment term			2 years
13 product tankers | 2023 $225.0 Million Credit Facility | MR | Repayment period two
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount per vessel			$ 330
13 product tankers | 2023 $225.0 Million Credit Facility | LR2
Disclosure of detailed information about borrowings [line items]
Number of vessels | tanker			2
13 product tankers | 2023 $225.0 Million Credit Facility | LR2 | Repayment period one
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount per vessel			$ 800
Borrowings, repayment term			2 years
13 product tankers | 2023 $225.0 Million Credit Facility | LR2 | Repayment period two
Disclosure of detailed information about borrowings [line items]
Periodic borrowing payment, amount per vessel			$ 450
13 product tankers | 2023 $225.0 Million Credit Facility | SOFR
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis			1.975%

Current and long-term debt - _2

Current and long-term debt - 2023 $49.1 Million Credit Facility (Details) $ in Thousands	1 Months Ended		6 Months Ended
	Feb. 28, 2023 USD ($) tanker	Jan. 31, 2023	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Disclosure of detailed information about borrowings [line items]
Issuance of debt			$ 391,482	$ 122,637
Net debt to capitalization ratio		65%
2023 $49.1 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Net debt to capitalization ratio	65%
Consolidated tangible net worth	$ 1,600,000
Minimum percentage aggregate fair value of collateral	150%
2023 $49.1 Million Credit Facility | Cumulative positive net income, period one
Disclosure of detailed information about borrowings [line items]
Cumulative positive net income as a percentage	25%
2023 $49.1 Million Credit Facility | Cumulative positive net income, period two
Disclosure of detailed information about borrowings [line items]
Cumulative positive net income as a percentage	50%
2023 $49.1 Million Credit Facility | Consolidated liquidity requirement - scenario one
Disclosure of detailed information about borrowings [line items]
Liquidity requirement	$ 25,000
2023 $49.1 Million Credit Facility | Consolidated liquidity requirement - scenario two
Disclosure of detailed information about borrowings [line items]
Liquidity requirement per owned ship	500
Liquidity requirement per chartered-in ship	250
STI Rose And STI Rambla | 2023 $49.1 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Borrowings	49,100
Issuance of debt	$ 49,100
Borrowings maturity, term	5 years
STI Rose And STI Rambla | 2023 $49.1 Million Credit Facility | SOFR
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis	1.90%
STI Rose And STI Rambla | 2023 $49.1 Million Credit Facility | LR2
Disclosure of detailed information about borrowings [line items]
Number of vessels | tanker	2
Periodic borrowing payment, amount	$ 1,200

Current and long-term debt - _3

Current and long-term debt - 2023 $117.4 Million Credit Facility (Details) $ in Thousands	1 Months Ended
	Jan. 31, 2023 USD ($)	Feb. 28, 2023 USD ($) tanker
Disclosure of detailed information about borrowings [line items]
Net debt to capitalization ratio	65%
2023 $117.4 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Consolidated tangible net worth	$ 1,000,000
Minimum percentage aggregate fair value of collateral	150%
2023 $117.4 Million Credit Facility | Cumulative positive net income, period one
Disclosure of detailed information about borrowings [line items]
Cumulative positive net income as a percentage	25%
2023 $117.4 Million Credit Facility | Cumulative positive net income, period two
Disclosure of detailed information about borrowings [line items]
Cumulative positive net income as a percentage	50%
2023 $117.4 Million Credit Facility | Consolidated liquidity requirement - scenario one
Disclosure of detailed information about borrowings [line items]
Liquidity requirement	$ 25,000
2023 $117.4 Million Credit Facility | Consolidated liquidity requirement - scenario two
Disclosure of detailed information about borrowings [line items]
Liquidity requirement per owned ship	500
Liquidity requirement per chartered-in ship	$ 250
Seven Vessels | 2023 $117.4 Million Credit Facility
Disclosure of detailed information about borrowings [line items]
Borrowings		$ 117,400
Number of vessels | tanker		7
Borrowings maturity, term	5 years
Periodic borrowing payment, amount per vessel	$ 4,300
Seven Vessels | 2023 $117.4 Million Credit Facility | SOFR
Disclosure of detailed information about borrowings [line items]
Adjustment to interest rate basis	1.925%

Current and long-term debt - Le

Current and long-term debt - Lease financing (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended
	Jan. 31, 2023	May 31, 2023	Jun. 30, 2023	Jun. 30, 2022	Aug. 31, 2023	Mar. 31, 2023
Disclosure of detailed information about borrowings [line items]
Payments of lease liabilities, classified as financing activities			$ 250,626	$ 52,568
STI Brooklyn, STI Rambla, STI Rose, and STI Ville | AVIC Lease Financing | Vessels
Disclosure of detailed information about borrowings [line items]
Payments of lease liabilities, classified as financing activities	$ 77,800
STI Sanctity | Ocean Yield Lease Financing | Vessels
Disclosure of detailed information about borrowings [line items]
Exercise of purchase options at expiration						$ 27,800
STI Steadfast | Ocean Yield Lease Financing | Vessels
Disclosure of detailed information about borrowings [line items]
Exercise of purchase options at expiration		$ 27,800
STI Supreme | Ocean Yield Lease Financing | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about borrowings [line items]
Exercise of purchase options at expiration					$ 27,800
STI Sanctity and STI Steadfast | Ocean Yield Lease Financing | Vessels
Disclosure of detailed information about borrowings [line items]
Payments of lease liabilities, classified as financing activities		55,600
STI Grace and STI Jermyn | 2021 CSSC Lease Financing | Vessels
Disclosure of detailed information about borrowings [line items]
Payments of lease liabilities, classified as financing activities		$ 46,900

Common shares - Narrative (Deta

Common shares - Narrative (Details)	1 Months Ended					2 Months Ended		3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($) shares $ / shares	May 31, 2023 USD ($) $ / shares shares	Apr. 30, 2023 $ / shares	Mar. 31, 2023 $ / shares	Feb. 28, 2023 $ / shares	Apr. 30, 2023 shares	Feb. 15, 2023 USD ($) $ / shares shares	Apr. 30, 2023 $ / shares shares	Jun. 30, 2023 USD ($) shares $ / shares	Jun. 30, 2022 shares $ / shares	May 01, 2023 USD ($)	Dec. 31, 2022 shares
Disclosure of classes of share capital [line items]
Dividends paid, ordinary shares per share (in dollars per share) | $ / shares		$ 0.25			$ 0.20				$ 0.45	$ 0.20
Common stock
Disclosure of classes of share capital [line items]
Number of shares outstanding (in shares)	54,999,908								54,999,908			61,262,838
Common stock | 2023 Securities Repurchase Program
Disclosure of classes of share capital [line items]
Authorized amount of share repurchase | $							$ 250,000,000
Entity's shares acquired (in shares)	756,576	3,699,336					1,891,303	1,723,465
Weighted average share price (in dollars per share) | $ / shares	$ 45.33	$ 47.54					$ 50.27	$ 54.37
Reset of authorized amount of share repurchases | $		$ 250,000,000									$ 250,000,000
Authorized amount of share repurchase, remaining amount | $	$ 235,300,000								$ 235,300,000
Common shares held in treasury (in shares)	19,499,877								19,499,877			11,429,197
Restricted stock
Disclosure of classes of share capital [line items]
Number of shares granted (in shares)									1,817,750
Restricted stock, share price (in dollars per share) | $ / shares									$ 55.61
Number of shares outstanding and non-vested (in shares)	4,142,266								4,142,266	3,559,109		2,705,989
Restricted stock | 2013 Equity Incentive Plan
Disclosure of classes of share capital [line items]
Number of shares granted (in shares)						1,817,750
Restricted stock, share price (in dollars per share) | $ / shares			$ 55.89	$ 55.57
Restricted stock | First vesting percentage | 2013 Equity Incentive Plan | Employees
Disclosure of classes of share capital [line items]
Vested rights, percentage						33.33%
Restricted stock | First vesting percentage | 2013 Equity Incentive Plan | Directors
Disclosure of classes of share capital [line items]
Vested rights, percentage						33.33%
Restricted stock | Second vesting percentage | 2013 Equity Incentive Plan | Employees
Disclosure of classes of share capital [line items]
Vested rights, percentage						33.33%
Restricted stock | Second vesting percentage | 2013 Equity Incentive Plan | Directors
Disclosure of classes of share capital [line items]
Vested rights, percentage						33.33%
Restricted stock | Third vesting percentage | 2013 Equity Incentive Plan | Employees
Disclosure of classes of share capital [line items]
Vested rights, percentage						33.33%
Restricted stock | Third vesting percentage | 2013 Equity Incentive Plan | Directors
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, 2023 shares $ / shares	Jun. 30, 2022 shares
Reconciliation of Share-based Payment Awards in Period [Roll Forward]
Number of shares outstanding and non-vested, beginning balance (in shares) | shares	2,705,989
Number of shares granted (in shares) | shares	1,817,750
Number of shares vested (in shares) | shares	(371,473)
Number of shares forfeited (in shares) | shares	(10,000)
Number of shares outstanding and non-vested, ending balance (in shares) | shares	4,142,266	3,559,109
Weighted average grand date fair value, outstanding, beginning balance (in dollars per share) | $ / shares	$ 21.63
Weighted average grant date fair value, granted (in dollars per share) | $ / shares	55.61
Weighted average grant date fair value, vested (in dollars per share) | $ / shares	20.89
Weighted average grant date fair value, forfeited (in dollars per share) | $ / shares	19.83
Weighted average grand date fair value, outstanding, ending balance (in dollars per share) | $ / shares	$ 36.61

Common shares - Summary of futu

Common shares - Summary of future stock compensation expense (Details) - Restricted stock $ in Thousands	Jun. 30, 2023 USD ($)
Disclosure of terms and conditions of share-based payment arrangement [line items]
From July 1, 2023 through December 31, 2023	$ 22,504
For the year ending December 31, 2024	39,571
For the year ending December 31, 2025	29,354
For the year ending December 31, 2026	14,589
For the year ending December 31, 2027	4,844
Total expected stock compensation expense	110,862
Employees
Disclosure of terms and conditions of share-based payment arrangement [line items]
From July 1, 2023 through December 31, 2023	20,850
For the year ending December 31, 2024	37,753
For the year ending December 31, 2025	28,876
For the year ending December 31, 2026	14,589
For the year ending December 31, 2027	4,844
Total expected stock compensation expense	106,912
Directors
Disclosure of terms and conditions of share-based payment arrangement [line items]
From July 1, 2023 through December 31, 2023	1,654
For the year ending December 31, 2024	1,818
For the year ending December 31, 2025	478
For the year ending December 31, 2026	0
For the year ending December 31, 2027	0
Total expected stock compensation expense	$ 3,950

Related party transactions - Re

Related party transactions - Related party statement of income or loss (Details)	6 Months Ended
	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($) shares
Disclosure of transactions between related parties [line items]
Time charter-out revenue	$ 10,625,000	$ 0
Voyage expenses	(2,503,000)	(2,404,000)
Vessel operating costs	(16,401,000)	(16,618,000)
Administrative expenses	$ (7,181,000)	(6,665,000)
Restricted stock
Disclosure of transactions between related parties [line items]
Number of shares granted (in shares) | shares	1,817,750
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	(4,318,000)	(10,793,000)
Other related parties | Scorpio MR Pool Limited | MR
Disclosure of transactions between related parties [line items]
Pool revenue	305,534,000	271,013,000
Other related parties | Scorpio LR2 Pool Limited | LR2
Disclosure of transactions between related parties [line items]
Pool revenue	237,819,000	175,421,000
Other related parties | Scorpio Handymax Tanker Pool Limited | Handymax
Disclosure of transactions between related parties [line items]
Pool revenue	69,044,000	34,190,000
Other related parties | Scorpio LR1 Pool Limited | LR1
Disclosure of transactions between related parties [line items]
Pool revenue	$ 0	11,169,000
Other related parties | Scorpio Commercial Management S.A.M. (SCM)
Disclosure of transactions between related parties [line items]
Commission on gross revenue per charter fixture when included in pools, percent	1.50%
Commission on gross revenue per charter fixture when excluded in pools, percent	1.25%
Reimbursement of expenses		25,834
Other related parties | Scorpio Commercial Management S.A.M. (SCM) | 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. (SCM) | 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. (SCM) | 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	(400,000)	(800,000)
Vessel operating costs	(2,300,000)	(1,000,000)
Other related parties | Scorpio Ship Management S.A.M. (SSM)
Disclosure of transactions between related parties [line items]
Technical management fee	14,200,000	15,600,000
Crew wages	67,100,000	73,000,000
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	5,200,000	5,700,000
Reimbursement of expenses	25,126	8,443
Other related parties | Scorpio Services Holding Limited (SSH) | Restricted stock
Disclosure of transactions between related parties [line items]
Restricted stock amortization	$ 2,000,000	$ 900,000
Number of shares granted (in shares) | shares	695,400	493,300

Related party transactions - _2

Related party transactions - Related party balance sheet (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Accounts receivable and prepaid expenses (due from the Scorpio Pools) | Other related parties
Disclosure of transactions between related parties [line items]
Current receivables and prepaids due from related parties	$ 198,226	$ 236,389
Other assets (pool working capital contributions)	51,911	53,161
Accounts payable and accrued expenses	1,150	10,090
Accounts receivable and prepaid expenses (SSM) | Other related parties
Disclosure of transactions between related parties [line items]
Current prepaid expenses	5,562	5,450
Accounts payable and accrued expenses	709	823
Accounts receivable and prepaid expenses (SSH) | Other related parties
Disclosure of transactions between related parties [line items]
Current receivables and prepaids due from related parties	1,635	4,976
Accounts payable and accrued expenses	407	287
Prepaid expenses (SCM) | Other related parties
Disclosure of transactions between related parties [line items]
Current prepaid expenses	85	84
Accounts payable and accrued expenses	208	540
Prepaid expenses (related party port agents) | Other related parties
Disclosure of transactions between related parties [line items]
Current prepaid expenses	0	98
Accounts payable and accrued expenses	1,342	955
Accounts payable and accrued expenses (related party bunker supplier) | Other related parties
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses	$ 0	2,380
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]
Other assets (pool working capital contributions)	$ 5,661	$ 5,661

Related party transactions - Na

Related party transactions - Narrative (Details)	3 Months Ended	6 Months Ended
	Dec. 31, 2021 vessel	Jun. 30, 2023 USD ($) payment vessel	Jun. 30, 2022 USD ($) vessel tanker	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 vessels in agreement to sell			18
Number of sales completed			16
Number of vessels, termination fees paid			12
Number of vessels, termination fees in accounts payable | tanker			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. (SCM)
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. (SCM) | Non-current assets held for sale
Disclosure of transactions between related parties [line items]
Estimated contract termination fee | $		200,000
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 | $		$ 100,000
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 | 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			3
Vessels | LR1
Disclosure of transactions between related parties [line items]
Number of vessels in agreement to sell			12
Vessels | LR2
Disclosure of transactions between related parties [line items]
Number of vessels in agreement to sell			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
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 | 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%
Subsidiaries | Scorpio Services Holding Limited (SSH) | STI Benicia | Vessels | MR
Disclosure of transactions between related parties [line items]
Number of vessels		1

Related party transactions - Ke

Related party transactions - Key management remuneration (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Related party transactions [abstract]
Short-term employee benefits (salaries)	$ 14,642	$ 9,258
Share-based compensation	9,934	7,444
Total	$ 24,576	$ 16,702

Segment reporting - Information

Segment reporting - Information about reportable segments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disclosure of operating segments [line items]
Vessel revenue	$ 713,730	$ 579,120
Vessel operating costs	(152,532)	(161,755)
Voyage expenses	(9,013)	(25,508)
Depreciation - owned or sale and leaseback vessels	(82,688)	(85,159)
Depreciation - right of use assets for vessels	(18,003)	(19,488)
General and administrative expenses	(49,480)	(35,257)
Loss on sale of vessels		(69,218)
Financial expenses	(87,252)	(78,710)
Financial income	8,544	1,024
Other income and (expense), net	2,332	1,634
Equity holders of the parent	325,638	106,683
Reportable segments
Disclosure of operating segments [line items]
Vessel revenue	713,730	579,120
Vessel operating costs	(152,532)	(161,755)
Voyage expenses	(9,013)	(25,508)
Depreciation - owned or sale and leaseback vessels	(82,688)	(85,159)
Depreciation - right of use assets for vessels	(18,003)	(19,488)
General and administrative expenses	(5,598)	(6,078)
Loss on sale of vessels		(69,218)
Financial expenses	0	0
Financial income	332	334
Other income and (expense), net	0	0
Equity holders of the parent	446,228	212,248
Reportable segments | LR1
Disclosure of operating segments [line items]
Vessel revenue	0	11,169
Vessel operating costs	0	(8,847)
Voyage expenses	0	0
Depreciation - owned or sale and leaseback vessels	0	(1,593)
Depreciation - right of use assets for vessels	0	0
General and administrative expenses	0	(335)
Loss on sale of vessels		(44,560)
Financial expenses	0	0
Financial income	0	20
Other income and (expense), net	0	0
Equity holders of the parent	0	(44,146)
Reportable segments | Handymax
Disclosure of operating segments [line items]
Vessel revenue	85,118	88,508
Vessel operating costs	(17,947)	(17,460)
Voyage expenses	(2,702)	(15,634)
Depreciation - owned or sale and leaseback vessels	(10,242)	(10,351)
Depreciation - right of use assets for vessels	0	0
General and administrative expenses	(683)	(684)
Loss on sale of vessels		0
Financial expenses	0	0
Financial income	0	0
Other income and (expense), net	0	0
Equity holders of the parent	53,544	44,379
Reportable segments | LR2
Disclosure of operating segments [line items]
Vessel revenue	293,389	189,950
Vessel operating costs	(54,955)	(55,077)
Voyage expenses	(3,069)	(4,743)
Depreciation - owned or sale and leaseback vessels	(36,578)	(38,049)
Depreciation - right of use assets for vessels	(3,708)	(4,169)
General and administrative expenses	(1,925)	(2,051)
Loss on sale of vessels		(15,093)
Financial expenses	0	0
Financial income	0	0
Other income and (expense), net	0	0
Equity holders of the parent	193,154	70,768
Reportable segments | MR
Disclosure of operating segments [line items]
Vessel revenue	335,223	289,493
Vessel operating costs	(79,630)	(80,371)
Voyage expenses	(3,242)	(5,131)
Depreciation - owned or sale and leaseback vessels	(35,868)	(35,166)
Depreciation - right of use assets for vessels	(14,295)	(15,319)
General and administrative expenses	(2,990)	(3,008)
Loss on sale of vessels		(9,565)
Financial expenses	0	0
Financial income	332	314
Other income and (expense), net	0	0
Equity holders of the parent	199,530	141,247
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	(43,882)	(29,179)
Loss on sale of vessels		0
Financial expenses	(87,252)	(78,710)
Financial income	8,212	690
Other income and (expense), net	2,332	1,634
Equity holders of the parent	$ (120,590)	$ (105,565)

Vessel revenue - Narrative (Det

Vessel revenue - Narrative (Details) - vessel	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Number of vessels that earned revenue in long-term contracts	15	2
Variability of lease revenue	100%

Vessel revenue - Revenue source

Vessel revenue - Revenue sources (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Pool revenue	$ 612,397	$ 491,793
Voyage revenue (spot market)	27,330	86,252
Time charter revenue	74,003	1,075
Vessel revenue	$ 713,730	$ 579,120

Vessel revenue - Lease and non-

Vessel revenue - Lease and non-lease components (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Lease component of revenue from time charter-out and pool revenue	$ 540,240	$ 303,268
Non-lease component of revenue from time charter-out and pool revenue	146,160	189,600
Total lease and non-lease components of revenue	$ 686,400	$ 492,868

Vessel revenue - Terms of time

Vessel revenue - Terms of time chartered vessels (Details) - Vessels - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023
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
STI Connaught | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term		3 years
Rate		$ 30,000
STI Lombard | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term		3 years
Rate		$ 32,750
STI Duchessa | MR
Disclosure of maturity analysis of operating lease payments [line items]
Term		3 years
Rate		$ 25,000
STI Gauntlet | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term		3 years
Rate		$ 32,750
STI Lavender | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term		3 years
Rate		$ 35,000
STI Grace | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term		3 years
Rate		$ 37,500
STI Jermyn | LR2
Disclosure of maturity analysis of operating lease payments [line items]
Term		3 years
Rate		$ 40,000
STI Goal
Disclosure of maturity analysis of operating lease payments [line items]
Term	3 years
Rate	$ 30,000

Crewing costs - Summary of crew

Crewing costs - Summary of crew expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Short-term crew benefits (i.e. wages, victualling, insurance)	$ 73,822	$ 81,510
Other crew related costs	11,225	12,775
Total crewing cost	$ 85,047	$ 94,285

General and administrative ex_2

General and administrative expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Analysis of income and expense [abstract]
Increase in general and administrative expense	$ (14,200)
General and administrative expense	$ 49,480	$ 35,257

Financial expenses - Schedule o

Financial expenses - Schedule of financial expenses (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) vessel	Jun. 30, 2022 USD ($) vessel
Disclosure of attribution of expenses by nature to their function [line items]
Interest expense, net of capitalized interest	$ 81,353	$ 60,300
Loss on extinguishment of debt and write-off of deferred financing fees	2,694	5,784
Accretion of convertible notes	0	7,747
Amortization of deferred financing fees	2,548	3,483
Accretion of premiums and discounts on debt assumed in historical acquisitions	657	1,396
Total financial expenses	$ 87,252	$ 78,710
Number of vessels in agreement to sell | vessel		18
Number of vessels, option to purchase exercised | vessel	39
Average borrowings	$ 2,000,000	$ 2,900,000
Interest expense recognized in the unaudited condensed consolidated statements of operations	19,975	12,328
Write off of deferred financing fees	500	3,800
Write off of debt discounts	300	700
Write off of debt extinguishment cost	1,900	$ 1,200
IFRS 16 - Leases - $670.0 Million
Disclosure of attribution of expenses by nature to their function [line items]
Interest expense recognized in the unaudited condensed consolidated statements of operations	$ 600

Earnings per share - Schedule o

Earnings per share - Schedule of basic and diluted earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Earnings per share [abstract]
Net income attributable to equity holders of the parent - basic	$ 325,638	$ 106,683
Convertible notes interest expense	0	12,032
Net income attributable to equity holders of the parent - diluted	$ 325,638	$ 118,715
Basic weighted average number of shares (in shares)	54,926,939	55,502,389
Effect of dilutive potential basic shares:
Restricted stock (in shares)	2,259,164	2,283,834
Convertible Notes (in shares)	0	6,825,428
Dilutive shares (in shares)	2,259,164	9,109,262
Diluted weighted average number of shares (in shares)	57,186,103	64,611,651
Earnings Per Share:
Basic (in dollars per share)	$ 5.93	$ 1.92
Diluted (in dollars per share)	$ 5.69	$ 1.84

Earnings per share - Narrative

Earnings per share - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 shares	Jun. 30, 2023 shares	Dec. 31, 2022 shares
Convertible Senior Notes Due 2022 and Due 2025
Earnings per share [line items]
Antidilutive securities excluded from computation of earnings per share (in shares)	7,225,427
Convertible Senior Notes Due 2022
Earnings per share [line items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,903,663
Restricted stock
Earnings per share [line items]
Number of shares outstanding and non-vested (in shares)	3,559,109	4,142,266	2,705,989

Financial instruments - finan_3

Financial instruments - financial and other risks - Categories of financial instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Apr. 30, 2017
Disclosure of detailed information about financial instruments [line items]
Seller's credit on sale leaseback vessels	$ 11,762	$ 11,430
Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	17,437	12,758
Secured bank loans | Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	9,200	2,800
Sale and leaseback liability | Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	6,800	8,200
Unsecured Senior Notes Due 2025 | Deferred financing fees
Disclosure of detailed information about financial instruments [line items]
Borrowings	1,400	1,700
Unsecured Senior Notes Due 2025 | Unamortized Discount On Debt
Disclosure of detailed information about financial instruments [line items]
Borrowings	100	100
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, and STI Larvotto
Disclosure of detailed information about financial instruments [line items]
Sale leaseback transaction, deposit per vessel	4,350		$ 4,350
Seller's credit on sale leaseback vessels	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	11,220	28,748
Financial liabilities at amortised cost, category | Accrued expenses
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	72,893	91,508
Financial liabilities at amortised cost, category | Secured bank loans
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	586,358	226,896
Financial liabilities at amortised cost, category | Sale and leaseback liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	907,639	1,140,614
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	70,571
IFRS 16 - Lease liability | IFRS 16 - Lease liability
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	248,868	495,875
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	11,220	28,748
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	72,893	91,508
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	907,137	1,139,877
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	70,063	69,639
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	586,358	226,896
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	248,343	495,234
Loans and receivables | Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	313,923	376,870
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	313,923	376,870
Loans and receivables | Restricted cash
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	783	783
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	783
Loans and receivables | Accounts receivable
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	201,568	276,700
Loans and receivables | Accounts receivable | Level 1 of fair value hierarchy
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	201,568	276,700
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	51,911	53,161
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	51,911	53,161
Loans and receivables | Sellers credit on sale leaseback vessels
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	11,762	11,430
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	$ 11,762	$ 11,430

Financial instruments - finan_4

Financial instruments - financial and other risks - Narrative (Details) $ in Thousands	1 Months Ended								3 Months Ended	6 Months Ended
	Sep. 30, 2024 USD ($) tanker	Jan. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) vessel	Nov. 30, 2023 USD ($) vessel	Oct. 31, 2023 USD ($) tanker vessel	Sep. 30, 2023 USD ($) vessel tanker	Aug. 31, 2023 USD ($) vessel	Jul. 31, 2023 USD ($) vessel	Dec. 31, 2023 USD ($) vessel	Jun. 30, 2023 USD ($) vessel	Jun. 30, 2022 USD ($)
Disclosure of detailed information about financial instruments [line items]
Number of vessels, option to purchase exercised | vessel										39
Payments of lease liabilities, classified as financing activities										$ 250,626	$ 52,568
Repayments of borrowings										$ 260,950	$ 507,764
IFRS 16 - Leases - $670.0 Million | STI Maestro, STI Mighty, STI Modest, STI Maverick, STI Miracle and STI Millenia | MR | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Number of vessels, option to purchase exercised | vessel								6
Payments of lease liabilities, classified as financing activities								$ 145,000
IFRS 16 - Leases - $670.0 Million | STI Maximum, STI Lily, and STI Lotus | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Payments of lease liabilities, classified as financing activities					$ 85,500				$ 85,500
IFRS 16 - Leases - $670.0 Million | STI Maximum, STI Lily, and STI Lotus | MR | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Number of vessels, option to purchase exercised | tanker					1
IFRS 16 - Leases - $670.0 Million | STI Maximum, STI Lily, and STI Lotus | LR2 | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Number of vessels, option to purchase exercised | tanker					2
Ocean Yield Lease Financing | STI Supreme | LR2 | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Payments of lease liabilities, classified as financing activities							$ 27,800
2020 CMBFL Lease Financing | STI Bosphorus and STI Leblon | MR | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Number of vessels, option to purchase exercised | vessel						2
Payments of lease liabilities, classified as financing activities									$ 36,500
CSSC Lease Financing | STI Gauntlet, STI Gladiator, STI Goal, STI Gratitude and STI Guide | LR2 | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Number of vessels, option to purchase exercised | vessel					5		5
Payments of lease liabilities, classified as financing activities					$ 110,400
BCFL Lease Financing (LR2s) | STI Solace, STI Solidarity, and STI Stability | LR2 | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Number of vessels, option to purchase exercised | vessel			3				3		3
Payments of lease liabilities, classified as financing activities			$ 58,400						$ 58,400
2020 TSFL Lease Financing | STI Galata and STI La Boca | MR | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Number of vessels, option to purchase exercised | vessel				2			2
Payments of lease liabilities, classified as financing activities									$ 38,100
2019 DNB / GIEK Credit Facility | STI Condotti and STI Sloane | Vessels | Repayment of lease obligation
Disclosure of detailed information about financial instruments [line items]
Number of vessels | vessel							2
Repayments of borrowings							$ 34,800
2019 DNB / GIEK Credit Facility | STI Condotti and STI Sloane | Vessels | Repayment of debt obligation
Disclosure of detailed information about financial instruments [line items]
Number of vessels | vessel							2
Repayments of borrowings							$ 34,800
2020 $225.0 Million Credit Facility | STI Spiga and STI Kingsway | Vessels | Repayment of lease obligation
Disclosure of detailed information about financial instruments [line items]
Number of vessels | vessel							2
Repayments of borrowings							$ 35,200
2020 $225.0 Million Credit Facility | STI Spiga and STI Kingsway | Vessels | Repayment of debt obligation
Disclosure of detailed information about financial instruments [line items]
Repayments of borrowings							$ 35,200
2023 $1 Billion Credit Facility | Vessels | Repayment of debt obligation
Disclosure of detailed information about financial instruments [line items]
Repayments of borrowings						$ 288,200
BCFL Lease Financing (MRs) | STI Topaz, STI Ruby, STI Garnet | Repayment of lease obligation
Disclosure of detailed information about financial instruments [line items]
Payments of lease liabilities, classified as financing activities	$ 15,100
BCFL Lease Financing (MRs) | STI Topaz, STI Ruby, STI Garnet | Vessels | Repayment of lease obligation
Disclosure of detailed information about financial instruments [line items]
Number of vessels | tanker	3
Hamburg Commercial Credit Facility | STI Veneto And STI Polplar | Vessels | Repayment of lease obligation
Disclosure of detailed information about financial instruments [line items]
Number of vessels | vessel						2
Hamburg Commercial Credit Facility | STI Veneto And STI Polplar | Vessels | Repayment of debt obligation
Disclosure of detailed information about financial instruments [line items]
Number of vessels | tanker						2
Repayments of borrowings						$ 31,300
2020 SPDBFL Lease Financing | STI Jardins, STI Telmo | MR | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Payments of lease liabilities, classified as financing activities		$ 36,900
Deposit held by lessor		$ 1,400
2020 SPDBFL Lease Financing | STI Esles II, STI Donald C. Trasucht, STI Jardins, STI Telmo | MR | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Number of vessels, option to purchase exercised | vessel						4
2020 SPDBFL Lease Financing | STI Esles II, STI Donald C. Trasucht | MR | Vessels | Lease option to purchase, option exercised
Disclosure of detailed information about financial instruments [line items]
Payments of lease liabilities, classified as financing activities				$ 38,100
Deposit held by lessor				$ 1,500

Subsequent events (Details)

Subsequent events (Details)

1 Months Ended

3 Months Ended

6 Months Ended

Aug. 01, 2023 $ / shares

Jan. 31, 2024 USD ($)

Dec. 31, 2023 USD ($) vessel

Nov. 30, 2023 USD ($) vessel

Oct. 31, 2023 USD ($) tanker vessel

Sep. 30, 2023 USD ($) vessel tanker

Aug. 31, 2023 USD ($) vessel

Jul. 31, 2023 USD ($) tanker vessel

Jan. 31, 2023

Dec. 31, 2023 USD ($) vessel

Sep. 30, 2023 USD ($) vessel tanker $ / shares shares

Jun. 30, 2023 USD ($) vessel

Jun. 30, 2022 USD ($)

Mar. 31, 2023 tanker

Disclosure of non-adjusting events after reporting period [line items]

Net proceeds from sales of vessels

$ 0

$ 541,187,000

Payments of lease liabilities, classified as financing activities

250,626,000

52,568,000

Issuance of debt

391,482,000

122,637,000

Net debt to capitalization ratio

65%

Repayments of borrowings

$ 260,950,000

$ 507,764,000

Number of vessels, option to purchase exercised | vessel

39

Declaration of dividend

Disclosure of non-adjusting events after reporting period [line items]

Dividends per share (in USD per share) | $ / shares

$ 0.25

Major ordinary share transactions | 2023 Securities Repurchase Program

Disclosure of non-adjusting events after reporting period [line items]

Stock repurchase, number of shares repurchased (in shares) | shares

1,648,355

Stock repurchase, average purchase price (in USD per share) | $ / shares

$ 47.74

2023 $1 Billion Credit Facility | Entering into credit facilities

Disclosure of non-adjusting events after reporting period [line items]

Borrowings

$ 1,000,000,000

Number of vessels | tanker

21

Net debt to capitalization ratio

65%

Consolidated tangible net worth

$ 1,500,000,000

Minimum percentage aggregate fair value of collateral

140%

2023 $1 Billion Credit Facility | Entering into credit facilities | Consolidated liquidity requirement - scenario one

Disclosure of non-adjusting events after reporting period [line items]

Liquidity requirement

$ 25,000,000

2023 $1 Billion Credit Facility | Entering into credit facilities | Consolidated liquidity requirement - scenario two

Disclosure of non-adjusting events after reporting period [line items]

Liquidity requirement per owned ship

500,000

Liquidity requirement per chartered-in ship

250,000

2023 $1 Billion Credit Facility | Entering into credit facilities | SOFR

Disclosure of non-adjusting events after reporting period [line items]

Adjustment to interest rate basis

1.95%

2023 $1 Billion Credit Facility | Entering into credit facilities | Repayment period one

Disclosure of non-adjusting events after reporting period [line items]

Periodic borrowing payment, amount

18,900,000

Borrowings, repayment term

2 years

2023 $1 Billion Credit Facility | Entering into credit facilities | Repayment period two

Disclosure of non-adjusting events after reporting period [line items]

Periodic borrowing payment, amount

$ 12,200,000

2023 $1 Billion Credit Facility | Entering into credit facilities | Repayment period two | Minimum

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, repayment term

3 years

2023 $1 Billion Credit Facility | Entering into credit facilities | Repayment period two | Maximum

Disclosure of non-adjusting events after reporting period [line items]

Borrowings, repayment term

5 years

2023 $1 Billion Credit Facility | Entering into credit facilities | Twenty One Vessels

Disclosure of non-adjusting events after reporting period [line items]

Issuance of debt

$ 440,600,000

2023 $1 Billion Credit Facility | Entering into credit facilities | STI Supreme, STI Spiga, STI Kingsway, STI Sloane, and STI Condotti

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels | tanker

5

2023 $1 Billion Credit Facility | Entering into credit facilities | STI Supreme, STI Spiga, STI Kingsway, STI Sloan and STI Condotti

Disclosure of non-adjusting events after reporting period [line items]

Issuance of debt

$ 135,800,000

2023 $94 Million Credit Facility | Entering into credit facilities

Disclosure of non-adjusting events after reporting period [line items]

Borrowings

$ 94,000,000

$ 94,000,000

Number of vessels | vessel

2

2

Periodic borrowing payment, amount

$ 1,100,000

Net debt to capitalization ratio

65%

Consolidated tangible net worth

$ 1,500,000,000

Minimum percentage aggregate fair value of collateral

143%

Borrowings maturity, term

5 years

2023 $94 Million Credit Facility | Entering into credit facilities | Consolidated liquidity requirement - scenario one

Disclosure of non-adjusting events after reporting period [line items]

Liquidity requirement

$ 25,000,000

$ 25,000,000

2023 $94 Million Credit Facility | Entering into credit facilities | Consolidated liquidity requirement - scenario two

Disclosure of non-adjusting events after reporting period [line items]

Liquidity requirement per owned ship

500,000

500,000

Liquidity requirement per chartered-in ship

250,000

$ 250,000

2023 $94 Million Credit Facility | Entering into credit facilities | SOFR

Disclosure of non-adjusting events after reporting period [line items]

Adjustment to interest rate basis

1.70%

2023 $94 Million Credit Facility | Entering into credit facilities | STI Marshall and STI Grace

Disclosure of non-adjusting events after reporting period [line items]

Issuance of debt

43,800,000

Vessels | BCFL Lease Financing (MRs) | Lease option to purchase, option exercised | STI Amber

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

8,200,000

Vessels | 2023 $1 Billion Credit Facility | Repayment of debt obligation

Disclosure of non-adjusting events after reporting period [line items]

Repayments of borrowings

$ 288,200,000

Vessels | 2020 $225.0 Million Credit Facility | Repayment of lease obligation | STI Spiga and STI Kingsway

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels | vessel

2

Repayments of borrowings

$ 35,200,000

Vessels | 2020 $225.0 Million Credit Facility | Repayment of debt obligation | STI Spiga and STI Kingsway

Disclosure of non-adjusting events after reporting period [line items]

Repayments of borrowings

$ 35,200,000

Vessels | 2019 DNB / GIEK Credit Facility | Repayment of lease obligation | STI Condotti and STI Sloane

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels | vessel

2

Repayments of borrowings

$ 34,800,000

Vessels | 2019 DNB / GIEK Credit Facility | Repayment of debt obligation | STI Condotti and STI Sloane

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels | vessel

2

Repayments of borrowings

$ 34,800,000

Vessels | IFRS 16 - Leases - $670.0 Million | Lease option to purchase, option exercised | STI Maestro, STI Mighty, STI Modest, STI Maverick, STI Miracle and STI Millenia | MR

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

$ 145,000,000

Number of vessels, option to purchase exercised | vessel

6

Vessels | IFRS 16 - Leases - $670.0 Million | Lease option to purchase, option exercised | STI Maximum, STI Lily, and STI Lotus

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

$ 85,500,000

$ 85,500,000

Vessels | IFRS 16 - Leases - $670.0 Million | Lease option to purchase, option exercised | STI Maximum, STI Lily, and STI Lotus | MR

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels, option to purchase exercised | tanker

1

Vessels | IFRS 16 - Leases - $670.0 Million | Lease option to purchase, option exercised | STI Maximum, STI Lily, and STI Lotus | LR2

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels, option to purchase exercised | tanker

2

Vessels | IFRS 16 - Leases - $670.0 Million | Lease option to purchase, option exercised | STI Lily and STI Lotus | LR2

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels, option to purchase exercised | vessel

2

Vessels | Ocean Yield Lease Financing | Lease option to purchase, option exercised | STI Supreme | LR2

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

$ 27,800,000

Vessels | 2020 TSFL Lease Financing | Lease option to purchase, option exercised | STI Galata and STI La Boca | MR

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

38,100,000

Number of vessels, option to purchase exercised | vessel

2

2

Vessels | BCFL Lease Financing (LR2s) | Lease option to purchase, option exercised | STI Solace, STI Solidarity, and STI Stability | LR2

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

$ 58,400,000

$ 58,400,000

Number of vessels, option to purchase exercised | vessel

3

3

3

Vessels | CSSC Lease Financing | Lease option to purchase, option exercised | STI Gauntlet, STI Gladiator, STI Goal, STI Gratitude and STI Guide | LR2

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

$ 110,400,000

Number of vessels, option to purchase exercised | vessel

5

5

Vessels | 2020 CMBFL Lease Financing | Lease option to purchase, option exercised | STI Bosphorus and STI Leblon | MR

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

$ 36,500,000

Number of vessels, option to purchase exercised | vessel

2

2

Vessels | 2020 SPDBFL Lease Financing | Lease option to purchase, option exercised | STI Esles II, STI Donald C. Trasucht, STI Jardins, STI Telmo | MR

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels, option to purchase exercised | vessel

4

4

Vessels | 2020 SPDBFL Lease Financing | Lease option to purchase, option exercised | STI Jardins, STI Telmo | MR

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

$ 36,900,000

Deposit held by lessor

$ 1,400,000

Vessels | 2020 SPDBFL Lease Financing | Lease option to purchase, option exercised | STI Esles II, STI Donald C. Trasucht | MR

Disclosure of non-adjusting events after reporting period [line items]

Payments of lease liabilities, classified as financing activities

$ 38,100,000

Deposit held by lessor

$ 1,500,000

Vessels | Hamburg Commercial Credit Facility | Repayment of lease obligation | STI Veneto And STI Polplar

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels | vessel

2

2

Vessels | Hamburg Commercial Credit Facility | Repayment of debt obligation | STI Veneto And STI Polplar

Disclosure of non-adjusting events after reporting period [line items]

Number of vessels | tanker

2

2

Repayments of borrowings

$ 31,300,000