Scorpio Tankers falls to $52.8m loss as cash liquidity strong but lower

The pain continues for Scorpio Tankers after another loss-making quarter for the world's largest product tanker fleet and a modest hit to its overall cash liquidity.

Scorpio ran to a loss of $52.8m, or $0.97 per share, in a second quarter that fell a penny below the consensus expectations of Wall Street analysts. The adjusted loss was $0.94 per share, again a penny off expectations.