Emanuele Lauro

Chairman and Chief Executive Officer, Scorpio Tankers Inc.

Search every verified Emanuele Lauro interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Emanuele Lauro, Chairman and Chief Executive Officer of Scorpio Tankers, discussed the company’s second-quarter 2020 results on an August 6, 2020 earnings call. He noted that the company had retired nearly $230 million in debt during the quarter, retained close to $300 million in cash, and generated approximately $600 million in EBITDA over the prior 12 months. Lauro expressed confidence in the future despite global uncertainty, citing record-high rates in the first half of the year, but also emphasized a cautious approach to the balance sheet, stating that further stock buybacks or dividend increases would require lower net debt-to-equity or a viable vaccine or cure for COVID-19. He also observed that product tanker markets had performed better than VLCCs in the third quarter, which he described as extraordinary, and noted that major customers had begun seeking time charters. In an earlier appearance on a January 27, 2020 earnings call for Scorpio Bulkers, Lauro addressed the company’s investment in Scorpio Tankers shares, stating there was no formula or timing for distributing them as special dividends and that no distribution would occur that quarter due to a weak dry cargo market and short-term trading weakness in Scorpio Tankers. He also commented on the dry cargo market’s recovery, describing it as “a work in progress,” and noted that the company had secured contracts with oil majors and refiners to procure high-sulfur fuel oil at various ports, anticipating no shortages despite broader industry concerns.