New York-listed Scorpio booked an adjusted profit of $39.3m in the first three months of 2015, beating the $1.9m seen at this stage a year ago.

Adjusted earnings per share of $0.24 hit the Bloomberg consensus on the nose.

On a net basis, the owner made $40.7m in the quarter, thanks to a $2m gain on asset sales.

The same quarter a year ago saw a net profit of $51.4m