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Scorpio Tankers Inc STNG

Scorpio Tankers Inc is a Monaco-based provider in the transportation of refined petroleum products. The Company involves in the oil, seaborne transportation of refined petroleum products from the tanker industry to the international shipping markets. It operates through four segments: Handymax, MR (Medium Range), Long Range 1 (LR1)/Panamax and Long Range 2 (LR2)/Aframax. It consists of 113 wholly owned, finance leased or bareboat chartered-in tankers (39 LR2, 60 MR and 14 Handymax). The segments represent a different type of vessel being around 110 with which it operates with the smaller and bigger type of ships that include Handymax, MR, LR1 and LR2 under its own ownership as well as finance, leased or chartered in.


NYSE:STNG - Post by User

Comment by bigboy999on Dec 01, 2023 4:01pm
163 Views
Post# 35764311

RE:a lifestyle co

RE:a lifestyle coAdd to that ............ from Sedar filings for first 9 months of 2023:

The Company has identified its directors and certain senior officers as its key management personnel. During period ended September 30, 2023, the Company incurred the following related party transactions: a) Incurred management fees in the amount of $185,400 (2022 - $165,000) to companies controlled by the Company’s Chief Executive Officer. b) Incurred management fees in the amount of $139,050 (2022 - $123,750) to companies controlled by the Company’s Chief Financial Officer. For the period ended September 30, 2022, the total remuneration of key management personnel was $324,450 (2022 - $288,750) of management fees. The Company made $100,000 advance to the Chief Executive Officer and $100,000 to Chief Financial Officer for future management fees. A retainer balance in the amount of $Nil (2022 - $1,100,000) was paid to a company controlled by a director of the company.

Add to that the compensation they recieve from from AMK and AFF and draw your own conclusions, I'll keep mine to myself ............. BB
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