STNG

Scorpio Tankers Inc owns and operates oil tankers, which are large ships that carry crude oil and refined petroleum products like gasoline across the sea. Energy companies and traders use these tankers to move oil from where it's produced to where it's needed, such as from oil fields to refineries or between countries. The company makes money by chartering, or renting, its ships to these customers for a fee, which depends on factors like shipping rates and voyage distances.