New York-listed Scorpio has however turned some heads with its decision to hold fire on a dividend for the fourth quarter while it monitors the market.

Scorpio lost $1.2m in the three months to the end of September, against a minimal profit of $667,000 in the same period of 2013.

Its loss of a penny per share was in line with Wall Street forecasts and a statement from the company suggesting a loss of $0.01