{"id":757059,"date":"2023-05-09T22:29:19","date_gmt":"2023-05-10T02:29:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/robert-bugbee-interview-on-stngs-business-capital-allocation-strategy-product-tanker-sector-outlook\/"},"modified":"2023-05-09T22:29:19","modified_gmt":"2023-05-10T02:29:19","slug":"robert-bugbee-interview-on-stngs-business-capital-allocation-strategy-product-tanker-sector-outlook","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/robert-bugbee-interview-on-stngs-business-capital-allocation-strategy-product-tanker-sector-outlook\/","title":{"rendered":"Robert Bugbee Interview on STNG\u2019s Business \u2013 Capital Allocation Strategy &amp; Product Tanker Sector Outlook"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, May  09, 2023  (GLOBE NEWSWIRE) &#8212; With the occasion of the recently announced financial and operational results of Q1 2023, Mr. Robert Bugbee, President and Director of Scorpio Tankers Inc. (NYSE: STNG), participated in Capital Link\u2019s Trending News Podcast Series, hosted by Mr. Nicolas Bornozis, President of Capital Link. In this Podcast Series company management discusses and comments on recent news and announcements.<\/p>\n<p align=\"justify\">During a 30-minute interview, he discussed Scorpio Tankers business, chartering and capital allocation strategies as well as the current market conditions and outlook of the product tanker sector.<\/p>\n<p align=\"justify\">\n        <strong>Interview Highlights <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt\">Fleet development \u2013 rationale for the repurchasing of 42 vessels.<\/li>\n<li style=\"margin-bottom:8pt\">STNG\u2019s focus on refinancing, deleveraging and liquidity.<\/li>\n<li style=\"margin-bottom:8pt\">Chartering strategy.<\/li>\n<li style=\"margin-bottom:8pt\">Capital allocation \u2013 fleet development; share buy backs and dividend policy.<\/li>\n<li style=\"margin-bottom:8pt\">Current conditions and outlook of the product tanker sector.<\/li>\n<\/ul>\n<p align=\"justify\">The full interview can be accessed on the Capital Link TV page linked below:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MWpCknFlDLdGTIMRCjFFCDCfffyMKl6lgVcXxLS9AoOEpNHcqY0hS9sR_qqupWusY4SHoAW5GsTx_D0gJC9BXIMLX7P8XI20kIuCErQaq9W3sjUgSm7f2Jy_7QRC3mGcJaycgXLejLpQcdPuGAbZAQ==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.youtube.com\/watch?v=Sx-TVpVgmnY<\/a><\/p>\n<p align=\"justify\">\n        <strong>About Scorpio Tankers, Inc. <\/strong><br \/>\n        <br \/>Scorpio Tankers Inc. (NYSE: STNG) is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns, lease finances or bareboat charters-in 113 product tankers (39 LR2 tankers, 60 MR tankers and 14 Handymax tankers) with an average age of 7.3 years. Additional information about the Company is available at the Company\u2019s website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GMMlxWpASin0Co2igVSSR2kXHEcQZyREjYIOyBoOo1qpHY5_g6T5lXXli2aLjwPsXCPctb_ycRyCw7GL6y438W5_A_dpT1DGHhi2Rugu5rg=\" rel=\"nofollow noopener\" target=\"_blank\">www.scorpiotankers.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>FORWARD LOOKING STATEMENTS<\/strong><br \/>\n        <br \/>Capital Link\u2019s webinars, podcasts and presentations may contain &#8220;forward-looking statements.&#8221; Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;projects,&#8221; &#8220;forecasts,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should&#8221; and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the beliefs of each participating Company regarding future results, many of which, by their nature are inherently uncertain and outside of the control of the Companies. Actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For more information about risks and uncertainties associated with the participating companies, please refer to the regulatory filings of each participating company with the SEC.<\/p>\n<p align=\"justify\">\n        <strong>CAPITAL LINK \u2013 DISCLAIMER<\/strong><br \/>\n        <br \/>Founded in 1995, Capital Link provides Investor &amp; Public Relations and Media services to several listed and private companies, including companies featured in these webinars, podcasts and presentations. All these, including the one mentioned above, are for informational and educational purposes and should not be relied upon. They do not constitute an offer to buy or sell securities or investment advice or advice of any kind. The views expressed are not those of Capital Link which bears no responsibility for them. In addition, Capital Link organizes a series of industry and investment conferences annually in key industry centers in the United States, Europe and Asia, all of which are known for combining rich educational and informational content with unique marketing and networking opportunities. Capital Link is a member of the Baltic Exchange. Based in New York City, Capital Link has presence in London, Athens &amp; Oslo. For additional information please visit:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QS0-enBk5Lqz4oWz7wNM9q58DyJgSWhxQy_TAJNceXnpQVPG4zToaM--5Lp8vqeQ0o7fgbtVKcrwVbN-UWYItgFaTuRQkrz1iKH0KKzab8k=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.capitallink.com<\/u><\/a><\/p>\n<p>\n        <strong>CONTACT<\/strong><br \/>\n        <br \/>For more information on the please email\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6CMEMSW90l-JRjwJiXNDOx1ZkfbK84dEoJpnbDm9DDL2tTcHnAVduhOXzULh5YunKOLozY57iSY4hsroozNfqrUdo5o7YUMXzQ2RI6wJP1A=\" rel=\"nofollow noopener\" target=\"_blank\">forum@capitallink.com<\/a> \u00a0or call +1 212 661-7566.<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNTY0NyM1NTg1Mjc5IzIwMjE0Mjc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YWNmYWY0NTUtZWYzYS00Y2Y4LWI4YTMtZjA3YmZiNjAzOGE3LTEwMzMxMDQ=\/tiny\/Capital-Link.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) &#8212; With the occasion of the recently announced financial and operational results of Q1 2023, Mr. Robert Bugbee, President and Director of Scorpio Tankers Inc. (NYSE: STNG), participated in Capital Link\u2019s Trending News Podcast Series, hosted by Mr. Nicolas Bornozis, President of Capital Link. In this Podcast Series company management discusses and comments on recent news and announcements. During a 30-minute interview, he discussed Scorpio Tankers business, chartering and capital allocation strategies as well as the current market conditions and outlook of the product tanker sector. Interview Highlights Fleet development \u2013 rationale for the repurchasing of 42 vessels. STNG\u2019s focus on refinancing, deleveraging and liquidity. Chartering strategy. Capital allocation \u2013 fleet development; share &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/robert-bugbee-interview-on-stngs-business-capital-allocation-strategy-product-tanker-sector-outlook\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Robert Bugbee Interview on STNG\u2019s Business \u2013 Capital Allocation Strategy &amp; Product Tanker Sector Outlook&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-757059","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Robert Bugbee Interview on STNG\u2019s Business \u2013 Capital Allocation Strategy &amp; Product Tanker Sector Outlook - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/robert-bugbee-interview-on-stngs-business-capital-allocation-strategy-product-tanker-sector-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Robert Bugbee Interview on STNG\u2019s Business \u2013 Capital Allocation Strategy &amp; Product Tanker Sector Outlook - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, May 09, 2023 (GLOBE NEWSWIRE) &#8212; With the occasion of the recently announced financial and operational results of Q1 2023, Mr. Robert Bugbee, President and Director of Scorpio Tankers Inc. (NYSE: STNG), participated in Capital Link\u2019s Trending News Podcast Series, hosted by Mr. Nicolas Bornozis, President of Capital Link. In this Podcast Series company management discusses and comments on recent news and announcements. During a 30-minute interview, he discussed Scorpio Tankers business, chartering and capital allocation strategies as well as the current market conditions and outlook of the product tanker sector. Interview Highlights Fleet development \u2013 rationale for the repurchasing of 42 vessels. STNG\u2019s focus on refinancing, deleveraging and liquidity. Chartering strategy. 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