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, with adjusted earnings per share of $0.24 in line with expectations.

Scorpio raised its dividend by half a penny to $0.125 per share, in what Jefferies analyst Doug Mavrinac noted was the eighth increase in the past nine quarters.