Emanuele Lauro is the latest Scorpio Tankers executive to cash in a whopping sum of company shares in a sale that brings him $27.2m in proceeds.

The sale of 419,000 shares disclosed on Thursday means chief executive Lauro and his right-hand man, president Robert Bugbee, have together sold more than 900,000 shares this month for proceeds of some $59m as they take advantage of a two-year run-up in the stock.