Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Scorpio Tankers Inc.
Entity Central Index Key	0001483934
Document Type	6-K
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 467,219	$ 593,652
Accounts receivable	56,469	69,718
Prepaid expenses and other current assets	15,845	15,671
Inventories	8,761	8,300
Total current assets	548,294	687,341
Non-current assets
Vessels and drydock	3,955,446	3,997,789
Right-of-use assets	67,266	0
Other assets	97,233	75,210
Goodwill	11,539	11,539
Restricted cash	12,294	12,285
Total non-current assets	4,143,778	4,096,823
Total assets	4,692,072	4,784,164
Current liabilities
Current portion of long-term debt	295,543	297,934
Finance lease liabilities	115,689	114,429
Current lease liabilities	20,708	0
Accounts payable	15,354	11,865
Accrued expenses	29,175	22,972
Total current liabilities	476,469	447,200
Non-current liabilities
Long-term debt	1,094,910	1,192,000
Finance lease liability	1,248,231	1,305,952
Non-current lease liabilities	47,364	0
Total non-current liabilities	2,390,505	2,497,952
Total liabilities	2,866,974	2,945,152
Shareholders’ equity
Common stock, $0.01 par value per share; 150,000,000 and 75,000,000 shares authorized; 51,615,220 and 51,397,562 issued and outstanding shares as of June 30, 2019 and December 31, 2018, respectively.	580	5,776
Additional paid-in capital	2,657,375	2,648,599
Treasury shares	(467,057)	(467,056)
Accumulated deficit(1)	(365,800)	(348,307)
Total shareholders’ equity	1,825,098	1,839,012
Total liabilities and shareholders’ equity	$ 4,692,072	$ 4,784,164

Consolidated Balance Sheets (Parenthetical) - Common stock [Member] - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Disclosure of classes of share capital [line items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	75,000,000
Common stock, shares issued (in shares)	51,615,220	51,397,562
Common stock, shares outstanding (in shares)	51,615,220	51,397,562

Consolidated Statements of Income or Loss - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Revenue
Vessel revenue	$ 346,635	$ 298,241
Operating expenses
Vessel operating costs	(138,152)	(139,904)
Voyage expenses	(1,622)	(4,372)
Charterhire	(4,399)	(35,169)
Depreciation - owned or finance leased vessels	(88,183)	(87,547)
Depreciation, right-of-use assets	(8,030)	0
Depreciation - right of use assets	(31,240)	(26,972)
Merger transaction related costs	0	(271)
Total operating expenses	(271,626)	(294,235)
Operating income	75,009	4,006
Other (expense) and income, net
Financial expenses	(96,083)	(88,367)
Loss on exchange of Convertible Senior Notes	0	(16,968)
Financial income	5,843	730
Other expenses, net	(13)	(96)
Total other expense, net	(90,253)	(104,701)
Net loss	(15,244)	(100,695)
Attributable to:
Equity holders of the parent	$ (15,244)	$ (100,695)
Loss per share
Basic (in USD per share)	$ (0.32)	$ (3.26)
Diluted (in USD per share)	$ (0.32)	$ (3.26)
Basic weighted average shares outstanding (in shares)	48,109,924	30,891,470
Diluted weighted average shares outstanding (in shares)	48,109,924	30,891,470

Consolidated Statements of Comprehensive Income or Loss - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statement of comprehensive income [abstract]
Net loss	$ (15,244)	$ (100,695)
Other comprehensive income / (loss)	0	0
Total comprehensive loss	(15,244)	(100,695)
Attributable to:
Equity holders of the parent	$ (15,244)	$ (100,695)

- Definition

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
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-IssueDate 2018-01-01
-Paragraph 32
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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-Number 1
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Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Note Effective 2021-01-01
-Name IFRS
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-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=17&date=2018-03-01&anchor=para_113_b&doctype=Standard
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
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-URIDate 2018-03-16

+ Details

Consolidated Statements of Changes in Shareholders' Equity
$ in Thousands

USD ($)

Share capital

USD ($)

Additional paid-in capital

USD ($)

Treasury shares

USD ($)

Accumulated deficit

USD ($)

Beginning balance at Dec. 31, 2017

$ 1,685,301

$ 3,766

$ 2,283,591

$ (443,816)

$ (158,240)

Beginning balance (in shares) at Dec. 31, 2017 | shares

32,650,754

Adoption of accounting standards(3)

^[1]

Net loss

(100,695)

Net loss for the period

(100,695)

Issuance of restricted stock, net of forfeitures

$ 51

(51)

Issuance of restricted stock, net of forfeitures (in shares) | shares

512,245

Amortization of restricted stock, net of forfeitures

13,180

Dividends paid

^[2]

(6,579)

Equity component of issuance of Senior Convertible Notes due 2022

34,172

Equity issuance costs

Ending balance at Jun. 30, 2018

1,625,379

$ 3,817

2,324,309

(443,816)

(258,931)

Ending balance (in shares) at Jun. 30, 2018 | shares

33,162,999

Beginning balance at Dec. 31, 2017

1,685,301

$ 3,766

2,283,591

(443,816)

(158,240)

Beginning balance (in shares) at Dec. 31, 2017 | shares

32,650,754

Net loss for the period

319,600

Ending balance at Dec. 31, 2018

1,839,012

$ 5,776

2,648,599

(467,056)

(348,307)

Ending balance (in shares) at Dec. 31, 2018 | shares

51,397,562

Adoption of accounting standards(3)

^[3]

(2,249)

Net loss

(15,244)

(62)

Stock Issued During Period, Shares, Reverse Stock Splits, Value

$ (5,198)

Increase (Decrease) Reverse stock split

(1)

5,197

Issuance of restricted stock, net of forfeitures

$ 2

(2)

Number of other equity instruments forfeited in share-based payment arrangement | shares

(2,500)

Issuance of restricted stock, net of forfeitures (in shares) | shares

220,250

Amortization of restricted stock, net of forfeitures

13,860

Dividends paid

^[2]

(10,279)

Purchase of treasury shares

Purchase Of Treasury Shares, Average Cost Per Share | shares

(30)

Ending balance at Jun. 30, 2019

$ 1,825,098

$ 580

$ 2,657,375

$ (467,057)

$ (365,800)

Ending balance (in shares) at Jun. 30, 2019 | shares

51,615,220

[1]	Reflects the impact of the adoption of IFRS 15 - Revenue from Contracts with Customers, which was effective for annual periods beginning on January 1, 2018. Refer to Note 1 for further discussion.
[2]	The Company's policy is to distribute dividends from available retained earnings first and then from additional paid in capital.
[3]	Reflects the impact of the adoption of IFRS 16 - Leases, which was effective for annual periods beginning on January 1, 2019. Refer to Note 1 for further discussion.

Consolidated Cash Flow Statements - USD ($) $ in Thousands	6 Months Ended
Consolidated Cash Flow Statements - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Operating activities
Net loss	$ (15,244)	$ (100,695)
Depreciation - owned or finance leased vessels	88,183	87,547
Depreciation - right of use assets	8,030	0
Amortization of restricted stock	13,860	13,180
Amortization of deferred financing fees	4,088	6,191
Write-off of deferred financing fees	275	7,035
Accretion of Convertible Senior Notes	6,995	6,435
Accretion of fair market measurement on debt assumed from merger with NPTI	1,827	1,909
Loss on exchange of Convertible Senior Notes	0	16,968
Cash flows from (used) in operating activities before changes in assets and liabilities	108,014	38,570
Changes in assets and liabilities:
(Increase) / decrease in inventories	(461)	1,473
Decrease in accounts receivable	13,248	15,039
(Increase) / decrease in prepaid expenses and other current assets	(175)	4,620
Increase in other assets	(2,807)	(3,576)
Increase in accounts payable	1,186	2,767
Increase / (decrease) in accrued expenses	2,272	(6,165)
Total changes in assets and liabilities	13,263	14,158
Net cash inflow from operating activities	121,277	52,728
Investing activities
Acquisition of vessels and payments for vessels under construction	0	(26,057)
Drydock, scrubber and BWTS payments (owned and bareboat-in vessels)	(59,688)	(2,136)
Net cash outflow from investing activities	(59,688)	(28,193)
Repayments of borrowings, classified as financing activities	166,755	167,491
Proceeds from borrowings, classified as financing activities	0	142,025
Financing activities
Payments for debt issue costs	1,288	13,473
IFRS 16 - lease liability repayments	(7,129)	0
Increase in restricted cash	(9)	(897)
Repayment of Convertible Senior Notes	(2,266)	0
Equity issuance costs	(295)	(4)
Dividends paid	(10,279)	(6,579)
Repurchase of common stock	(1)	0
Net cash outflow from financing activities	(188,022)	(46,419)
Decrease in cash and cash equivalents	(126,433)	(21,884)
Cash and cash equivalents at January 1,	593,652	186,462
Cash and cash equivalents at June 30,	467,219	164,578
Supplemental information:
Interest paid	$ 83,496	$ 67,855

General information and significant accounting policies

6 Months Ended

Jun. 30, 2019

Corporate Information And Statement Of IFRS Compliance [Abstract]

General information and significant accounting policies

Company

Scorpio Tankers Inc. and its subsidiaries (together “we”, “our” or the “Company”) are engaged in the seaborne transportation of refined petroleum products in the international shipping markets. Scorpio Tankers Inc. was incorporated in the Republic of the Marshall Islands on July 1, 2009. On April 6, 2010, we closed on our initial public offering, and our common stock currently trades on the New York Stock Exchange under the symbol STNG.

Our fleet as of June 30, 2019 consisted of 109 owned or finance leased product tankers (14 Handymax, 45 MR, 12 LR1 and 38 LR2) and 10 bareboat chartered-in product tankers (seven Handymax and three MR).

Our vessels are commercially managed by Scorpio Commercial Management S.A.M., or SCM, which is majority owned by the Lolli-Ghetti family of which Mr. Emanuele Lauro, our founder, Chairman and Chief Executive Officer, and Mr. Filippo Lauro, our Vice President, are members. SCM’s services include securing employment for the vessels in our fleet, in pools, in the spot market, and on time charters.

Our vessels are technically managed by Scorpio Ship Management S.A.M., or SSM, which is majority owned by the Lolli-Ghetti family. SSM facilitates vessel support such as crew, provisions, deck and engine stores, insurance, maintenance and repairs, and other services necessary to operate the vessels such as drydocks and vetting/inspection under a technical management agreement.

We also have an administrative services agreement with Scorpio Services Holding Limited, or SSH, which is majority owned by the Lolli-Ghetti family. The administrative services provided under this agreement primarily include accounting, legal compliance, financial, information technology services, and the provision of administrative staff and office space, which are contracted to subsidiaries of SSH. We pay our managers fees for these services and reimburse them for direct or indirect expenses that they incur in providing these services.

Basis of accounting

The unaudited condensed consolidated financial statements have been presented in United States dollars (“USD” or “$”), which is the functional currency of Scorpio Tankers Inc. and all of its subsidiaries.

The unaudited condensed consolidated financial statements for the six months ended June 30, 2019 have been prepared in accordance with International Accounting Standard, or IAS 34, Interim Financial Statements, as issued by the International Accounting Standards Board, or IASB, using the same accounting policies as adopted in the preparation of the consolidated financial statements for the year ended December 31, 2018. These unaudited condensed consolidated interim financial statements do not include all of the information required for full annual financial statements prepared in accordance with International Financial Reporting Standards or IFRS.

Reverse stock split

On January 18, 2019, the Company effected a one-for-ten reverse stock split. All share and per share information has been retroactively adjusted to reflect the reverse stock split. The par value was not adjusted as a result of the reverse stock split.

Going concern

The unaudited condensed consolidated financial statements have been prepared in accordance with the going concern basis of accounting as described further in the "Liquidity risk" section of Note 18.

Adoption of new and amended IFRS and International Financial Reporting Interpretations Committee interpretations from January 1, 2019

Standards and interpretations adopted during the six months ended June 30, 2018

IFRS 15 - Revenue from Contracts with Customers, was issued by the IASB on May 28, 2014. IFRS 15 - Revenue from Contracts with Customers amends the existing accounting standards for revenue recognition and is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products or services are transferred to customers. IFRS 15 - Revenue from Contracts with Customers applies to an entity’s first annual IFRS financial statements for a period beginning on or after January 1, 2018. The standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption (the “modified retrospective method”). We have applied the modified retrospective method upon the date of transition.

Our revenue is primarily generated from time charters, participation in pooling arrangements and in the spot market. Of these revenue streams, revenue generated in the spot market is within the scope of IFRS 15 - Revenue from Contracts with Customers. Revenue generated from time charters and from pooling arrangements are within the scope of IFRS 16, Leases, which is discussed further below.

For vessels operating in the spot market, we are recognizing revenue ‘over time’ as the customer (i.e. the charterer) is simultaneously receiving and consuming the benefits of the vessel. Under IFRS 15 - Revenue from Contracts with Customers, the time period over which revenue is recognized has changed from the previous accounting standard. Prior to the commencement of IFRS 15 - Revenue from Contracts with Customers, revenue from voyage charter agreements was recognized as voyage revenue on a pro-rata basis over the duration of the voyage on a discharge to discharge basis. In the application of this policy, we did not begin recognizing revenue until (i) the amount of revenue could be measured reliably, (ii) it was probable that the economic benefits associated with the transaction would flow to the entity, (iii) the transactions stage of completion at the balance sheet date could be measured reliably, and (iv) the costs incurred and the costs to complete the transaction could be measured reliably. However, under IFRS 15 - Revenue from Contracts with Customers, the performance obligation has been identified as the transportation of cargo from one point to another. Therefore, in a spot market voyage under IFRS 15 - Revenue from Contracts with Customers, revenue is now recognized on a pro-rata basis commencing on the date that the cargo is loaded and concluding on the date of discharge. Moreover, costs incurred in the fulfillment of a voyage charter are deferred and amortized over the course of the charter if they (i) relate directly to such charter, (ii) generate or enhance resources to be used in meeting obligations under the charter and (iii) are expected to be recovered.

At December 31, 2017, we had two vessels operating in the spot market and the cumulative effect of the application of this standard under the modified retrospective method resulted in a $3,888 reduction in the opening balance of accumulated deficit on January 1, 2018.

Standards and interpretations adopted during the six months ended June 30, 2019

IFRS 16 - Leases, was issued by the IASB on January 13, 2016. IFRS 16 - Leases applies to an entity's first annual IFRS financial statements for a period beginning on or after January 1, 2019. IFRS 16 - Leases amends the definition of what constitutes a lease to be a contract that conveys the right to control the use of an identified asset if the lessee has both (i) the right to obtain substantially all of the economic benefits from the use of the identified asset and (ii) the right to direct the use of the identified asset throughout the period of use. We have determined that our existing pool and time charter-out arrangements meet the definition of leases under IFRS 16 - Leases , with the Company as lessor, on the basis that the pool or charterer enters into transportation contracts with their customers, and thereby enjoys the economic benefits derived from such arrangements. Furthermore, the pool or charterer can direct the use of a vessel (subject to certain limitations in the pool or charter agreement) throughout the period of the contract.

Moreover, under IFRS 16 - Leases , we are also required to identify the lease and non-lease components of revenue and account for each component in accordance with the applicable accounting standard. In time charter-out or pool arrangements, we have determined that the lease component is the vessel and the non-lease component is the technical management services provided to operate the vessel. Each component is quantified on the basis of the relative stand-alone price of each lease component; and on the aggregate stand-alone price of the non-lease components.

These components are accounted for as follows:


•	All fixed lease revenue earned under these arrangements is recognized on a straight-line basis over the term of the lease.


•	Lease revenue earned under our pool arrangements is recognized as it is earned, since it is 100% variable.


•	The non-lease component is accounted for as services revenue under IFRS 15 - Revenue from Contracts with Customers. This revenue is recognized “over time” as the customer (i.e. the pool or the charterer) is simultaneously receiving and consuming the benefits of the service.

IFRS 16 - Leases also amends the existing accounting standards to require lessees to recognize, on a discounted basis, the rights and obligations created by the commitment to lease assets on the balance sheet, unless the term of the lease is 12 months or less. Accordingly, the standard resulted in the recognition of right-of-use assets and corresponding liabilities, on the basis of the discounted remaining future minimum lease payments, relating to the existing bareboat chartered-in vessel commitments for three bareboat chartered-in vessels, which are scheduled to expire in April 2025. Upon transition, a lessee shall apply IFRS 16- Leases to its leases either retrospectively to each prior reporting period presented (the ‘full retrospective approach’) or retrospectively with the cumulative effect of initially applying IFRS 16 - Leases recognized at the date of initial application (the ‘modified retrospective approach’). We applied the modified retrospective approach upon transition. The impact of the application of this standard on the opening balance sheet as of January 1, 2019 was the recognition of a $48.5 million right of use asset, a $50.7 million operating lease liability and a $2.2 million reduction in retained earnings relating to these three vessels.

Prepaid expenses and other assets

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Prepaid expenses and other assets

The following is a table summarizing our prepaid expenses and other current assets as of June 30, 2019 and December 31, 2018:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
SSM - prepaid vessel operating expenses	$	2,712	$	2,461
Prepaid expenses from related parties	2,712		2,461

Prepaid interest	6,535		6,870
Prepaid insurance	4,373		4,449
Third party - prepaid vessel operating expenses	651		712
Other prepaid expenses	1,574		1,179
	$	15,845	$	15,671

Accounts receivable

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Accounts receivable

The following is a table summarizing our accounts receivable as of June 30, 2019 and December 31, 2018:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Scorpio MR Pool Limited	$	30,800	$	33,288
Scorpio LR2 Pool Limited	13,720		24,563
Scorpio LR1 Pool Limited	3,895		3,705
Scorpio Handymax Tanker Pool Limited	3,785		4,559
Scorpio Aframax Pool Limited	—		63
SCM	1,220		2,511
Receivables from the related parties	53,420		68,689

Insurance receivables	1,499		204
Freight and time charter receivables	237		22
Receivables from Navig8 Group Pools	72		17
Other receivables	1,241		786
	$	56,469	$	69,718

Scorpio MR Pool Limited, Scorpio LR2 Pool Limited, Scorpio Handymax Tanker Pool Limited, Scorpio LR1 Pool Limited and Scorpio Aframax Pool Limited or the Scorpio Pools, are related parties, as described in Note 11. Amounts due from the Scorpio Pools relate to income receivables and receivables for working capital contributions which are expected to be collected within one year.

Receivables from SCM primarily represent amounts due from the agreement to reimburse a portion of the commissions that SCM charges the Company’s vessels (as described in Note 11) to effectively reduce such commissions to 0.85% of gross revenue per charter fixture. This agreement was effective from September 1, 2018 and ended on June 1, 2019 and the amount due at June 30, 2019, represents the reimbursement earned from April 1, 2019 through June 1, 2019.

Insurance receivables primarily represent amounts collectible on our insurance policies in relation to vessel repairs.

Freight and time charter receivables represent amounts collectible from customers for our vessels operating on time charter or in the spot market.

Receivables from Navig8 Group Pools represent amounts due from the Navig8 LR8 and Alpha8 pools for certain vessels that were acquired from Navig8 Product Tankers Inc. or NPTI, which operated in such pools during the year ended December 31, 2017.

We consider that the carrying amount of accounts receivable approximates their fair value due to the short maturity thereof. Accounts receivable are non-interest bearing. At June 30, 2019 and December 31, 2018, no material receivable balances were either past due or impaired.

Vessels

6 Months Ended

Jun. 30, 2019

Property, plant and equipment [abstract]

Vessels

Operating vessels and drydock

The following is a rollforward of the activity within Vessels and drydock from January 1, 2019 through June 30, 2019. Amounts capitalized as part of the Vessel are depreciated over the remaining useful life of the vessel. Amounts capitalized as part of Drydock are depreciated until each vessel's next scheduled drydock.



In thousands of U.S. dollars		Vessels			Drydock			Total
Cost
	As of January 1, 2019	4,469,102			86,352			4,555,454
	Additions ⁽¹⁾	35,279			10,561			45,840
	As of June 30, 2019	4,504,381			96,913			4,601,294

Accumulated depreciation
	As of January 1, 2019	(506,443		)	(51,222		)	(557,665		)
	Charge for the period	(79,226		)	(8,957		)	(88,183		)
	As of June 30, 2019	(585,669		)	(60,179		)	(645,848		)
Net book value
	As of June 30, 2019	$	3,918,712		$	36,734		$	3,955,446

Net book value
	As of December 31, 2018	$	3,962,659		$	35,130		$	3,997,789


(1)	Additions during the six months ended June 30, 2019 primarily relates to the various costs relating to BWTS, scrubber and drydock installations.

The following is a summary of the cost types that were capitalized during the six months ended June 30, 2019:



In thousands of U.S. dollars	Drydock		Notional component of scrubber		Total drydock additions		Scrubber		BWTS		Other equipment		Capitalized interest		Total vessel additions
Handymax	$	2,746	$	—	$	2,746	$	—	$	4,091	$	584	$	136	$	4,811
MR	5,901		450		6,351		10,604		2,975		1,495		485		15,559
LR1	—		—		—		319		—		296		67		682
LR2	864		600		1,464		12,052		261		1,350		564		14,227
	$	9,511	$	1,050	$	10,561	$	22,975	$	7,327	$	3,725	$	1,252	$	35,279

Ballast Water Treatment Systems

In July 2018, we executed an agreement to purchase 55 ballast water treatment systems, or BWTS, from an unaffiliated third-party supplier for total consideration of $36.2 million. These systems are expected to be installed from 2018 to 2023, as each respective vessel under the agreement is due for its International Oil Pollution Prevention, or IOPP, renewal survey. Costs capitalized for these systems include the cost of the base equipment that the Company has contracted to purchase in addition to directly attributable installation costs. Costs capitalized during the six months ended June 30, 2019 include costs incurred for systems that were installed during this period, and installation costs incurred in advance of installations that are expected to occur in subsequent periods. We estimate the useful life of these systems to be for the duration of each vessel's remaining useful life and are depreciating the equipment and related installation costs on this basis.

Scrubbers

We have commenced a program to retrofit the substantial majority of our vessels with exhaust gas cleaning systems, or scrubbers. The scrubbers will enable our vessels to use high sulfur fuel oil, which is less expensive than low sulfur fuel oil, in certain parts of the world. From August 2018 through November 2018, we entered into agreements with two separate unaffiliated third party suppliers to retrofit a total of 77 of our vessels with such systems for total consideration of $116.1 million (which excludes installation costs). In June 2019, we exercised options with one of these suppliers to retrofit an additional 14 of our vessels with such systems for total consideration of $20.3 million (which excludes installation costs). These systems are expected to be installed throughout 2019 and 2020.

Costs capitalized for these systems include the cost of the base equipment that the Company has contracted to purchase in addition to directly attributable installation costs. Costs capitalized during the six months ended June 30, 2019 include costs incurred for systems that were installed during this period, and installation costs incurred in advance of installations that are expected to occur in subsequent periods. We estimate the useful life of these systems to be for the duration of each vessel's remaining useful life, with the exception of approximately 10% of the equipment cost, which is estimated to require replacement at each vessel's next scheduled drydock. This amount has been allocated as a notional component upon installation. The carrying value of the equipment, related installation costs, and notional component will be depreciated on this basis.

The following table is a timeline of future expected payments and dates for our commitments to purchase scrubbers and BWTS as of June 30, 2019 ⁽¹⁾:



	As of June 30,
In thousands of U.S. dollars	2019
Less than 1 month	$	24,059
1-3 months	29,146
3 months to 1 year	55,838
1-5 years	12,644
5+ years	—
Total	$	121,687


⁽¹⁾	These amounts are subject to change as installation times are finalized. The amounts presented exclude installation costs.

Carrying values of vessels

At each balance sheet date, we review the carrying amounts of our vessels and related drydock costs to determine if there is any indication that those vessels and related drydock costs have suffered an impairment loss. If such indication exists, the recoverable amount of the vessels and related drydock costs is estimated in order to determine the extent of the impairment loss (if any). Recoverable amount is the higher of fair value less costs to sell and value in use. As part of this evaluation, we consider certain indicators of potential impairment, such as market conditions including forecast time charter rates and values for second hand product tankers, discounted projected vessel operating cash flows, and the Company’s overall business plans.

At June 30, 2019, we reviewed the carrying amount of our vessels to determine whether there was an indication that these assets had suffered an impairment. First, we compared the carrying amount of our vessels to their fair values less costs to sell (determined by taking into consideration two independent broker valuations). If the carrying amount of our vessels was greater than their fair values less costs to sell, we prepared a value in use calculation where we estimated each vessel’s future cash flows. These estimates were primarily based on (i) a combination of the latest forecast, published time charter rates for the next three years and a 2.33% growth rate (which is based on published historical and forecast inflation rates) in freight rates in each period thereafter and (ii) our best estimate of vessel operating expenses and drydock costs, which are based on our most recent forecasts for the next three years and a 2.33% growth rate in each period thereafter. These cash flows were then discounted to their present value using a pre-tax discount rate of 7.54%.

At June 30, 2019, our operating fleet consisted of 109 owned or finance leased vessels. Value in use calculations were performed on all 109 owned or finance leased vessels in operation which resulted in no instances where the present value of the operating cash flows was less than the carrying value. Therefore, no impairment was recorded.

The impairment test that we conduct is most sensitive to variances in the discount rate and future time charter rates. Based on the sensitivity analysis performed for June 30, 2019, a 1.0% increase in the discount rate or a 5.0% decrease in forecasted time charter rates would not result in an impairment charge.

Capitalized interest

In accordance with IAS 23 - Borrowing Costs, applicable interest costs are capitalized during the period that vessels that are having BWTS and/or scrubber installations. For the six months ended June 30, 2019, we capitalized interest expense for the respective vessels of $1.3 million. The annualized capitalization rate used to determine the amount of borrowing costs eligible for capitalization was 6.47% for the six months ended June 30, 2019. We cease capitalizing interest when the vessels reach the location and condition necessary to operate in the manner intended by management.

Other non-current assets

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Other non-current assets



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Scorpio LR2 Pool Ltd. pool working capital contributions ⁽¹⁾	$	32,300	$	31,450
Scorpio Handymax Tanker Pool Ltd. pool working capital contributions ⁽²⁾	6,794		4,923
Scorpio LR1 Pool Ltd. pool working capital contributions⁽¹⁾	6,600		6,600
Working capital contributions to Scorpio Pools	45,694		42,973

Deposits for scrubbers ⁽³⁾	25,080		12,221
Deposits for BWTS⁽⁴⁾	15,356		6,365
Seller's credit on lease financed vessels ⁽⁵⁾	9,352		9,087
Investment in BWTS supplier⁽⁴⁾	1,751		1,751
Deferred drydock costs on bareboat chartered-in vessels⁽⁶⁾	—		2,813
	$	97,233	$	75,210

(1)

Upon entrance into the Scorpio LR2 and LR1 Pools, all vessels are required to make initial working capital contributions of both cash and bunkers. Initial working capital contributions are repaid, without interest, upon a vessel’s exit from the pool. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within Other Assets on the unaudited condensed consolidated balance sheets. For time chartered-in vessels we classify the amounts as current (within accounts receivable) or non-current (within Other Assets) according to the expiration of the contract.

(2)

Upon entrance into the Scorpio Handymax Tanker Pool, all vessels are required to make initial working capital contributions of both cash and bunkers. Initial working capital contributions are repaid, without interest, upon a vessel's exit from each pool no later than six months after the exit date. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within other assets on the unaudited condensed consolidated balance sheets. For time chartered-in vessels we classify the amounts as current (within Accounts Receivable) or non-current (within Other Assets) according to the expiration of the contract.

(3) From August 2018 through November 2018, we entered into agreements with two separate suppliers to retrofit a total of 77 of our vessels with scrubbers for total consideration of $116.1 million (which excludes installation costs). In June 2019, we exercised options with one of these suppliers to retrofit an additional 14 of our vessels with such systems for total consideration of $20.3 million. These scrubbers are expected to be installed throughout 2019 and 2020. Deposits paid for these systems are reflected as investing cash flows within the unaudited condensed consolidated statement of cash flows.

(4)

In July 2018, we executed an agreement to purchase 55 BWTS from an unaffiliated third party supplier for total consideration of $36.2 million. These systems are expected to be installed between 2018 and 2023, as each respective vessel under the agreement is due for its IOPP renewal survey. Upon entry into this agreement, we also obtained a minority equity interest in this supplier for no additional consideration. We have determined that of the total consideration of $36.2 million, $1.8 million is attributable to the minority equity interest, which was recorded as a financial asset under IFRS 9 in 2018 upon the payment of the initial deposits.

Aggregate deposits of $10.2 million were made during the six months ended June 30, 2019. Deposits paid for these systems are reflected as investing cash flows within the unaudited condensed consolidated statement of cash flows. Under the terms of the agreement, we were granted a put option, exercisable after one year following the date of the agreement, whereby we can put the shares back to the supplier at a predetermined price. The supplier was also granted a call option, exercisable two years following the date of the agreement, whereby it can buy the shares back from us at a predetermined price, which is greater than the strike price of the put option. Given that the value of this investment is contractually limited to the strike prices set forth in these options, the value of the investment of $1.8 million has remained unchanged since December 31, 2018. The difference in the aggregate value of the investment, based on the spread between the exercise prices of the put and call options, is $0.6 million. We consider this value to be a Level 3 fair value measurement, as this supplier is a private company, and the value has been determined based on unobservable market data (i.e. the proceeds that we would receive if we exercised our put option in full).

(5)

The seller's credit on lease financed vessels represents the present value of the deposits of $4.35 million per vessel ($13.1 million in aggregate) that was retained by the buyer as part of the sale and operating leasebacks of STI Beryl, STI Le Rocher and STI Larvotto. This deposit will either be applied to the purchase price of the vessel if a purchase option is exercised, or refunded to us at the expiration of the agreement. The present value of this deposit has been calculated based on the interest rate that is implied in the lease, and the carrying value will accrete over the life of the lease, through interest income, until expiration.$0.3 million and $0.3 million was recorded as interest income as part of these agreements during the six months ended June 30, 2019 and 2018, respectively.


(6)	Amount relates to drydock costs capitalized on bareboat chartered-in vessels that were previously accounted for as operating leases. $2.6 million of this amount was reclassified to 'Right to use assets' upon the adoption of IFRS - Leases as described in Note 15. The remaining difference was fully amortized during the six months ended June 30, 2019.

Restricted Cash	6 Months Ended
Restricted Cash	Jun. 30, 2019
Subclassifications of assets, liabilities and equities [abstract]
Restricted Cash	Restricted cash Restricted cash for the six months ended June 30, 2019 primarily represents debt service reserve accounts that must be maintained as part of the terms and conditions of our 2017 Credit Facility, Citibank/K-Sure Credit Facility, ABN AMRO/K-Sure Credit Facility, and the lease financing arrangements with CMB Financial Leasing Co. Ltd and Bank of Communications Financial Leasing (LR2s). The funds in these accounts will be applied against the principal balance of these facilities upon maturity.

Accounts payable

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Accounts payable

The following table depicts the components of our accounts payable as of June 30, 2019 and December 31, 2018:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Scorpio Ship Management S.A.M. (SSM)	$	3,868	$	545
Scorpio Handymax Tanker Pool Limited	384		12
Scorpio Services Holding Limited (SSH)	360		409
Scorpio LR1 Pool Limited	131		51
Scorpio Commercial Management S.A.M. (SCM)	81		389
Scorpio LR2 Pool Limited	23		2
Amounts due to a port agent - related party	20		62
Accounts payable to related parties	4,867		1,470

Suppliers	10,487		10,395
	$	15,354	$	11,865

The majority of accounts payable is settled with a cash payment within 90 days. No interest is charged on accounts payable. We consider that the carrying amount of accounts payable approximates fair value.

The increase in amounts due to SSM from December 31, 2018 to June 30, 2019 relates to the timing of payments to suppliers.

The balance in suppliers as of June 30, 2019 and December 31, 2018 also includes amounts due to suppliers for costs that have been capitalized as part of each vessel's drydock, scrubber installation or BWTS installation. The payments of these costs are reflected as investing cash outflows within the unaudited condensed consolidated statement of cash flows. $2.3 million of the aggregate change in accounts payable from December 31, 2018 to June 30, 2019 relates to increases in amounts due to suppliers for drydock, scrubber installation or BWTS installation.

Accrued expenses

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Accrued expenses

The following table depicts the components of our accrued expenses as of June 30, 2019 and December 31, 2018:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Accrued expenses to a related party port agent	$	331	$	398
Accrued expenses to SSM	88		287
Accrued expenses to Scorpio MR Pool Limited	54		—
Accrued expenses to Scorpio LR1 Pool Limited	8		—
Accrued expenses to Scorpio LR2 Pool Limited	3		—
Accrued expenses to SCM	2		—
Accrued expenses to Scorpio Handymax Tanker Pool Limited	1		—
Accrued expenses to related parties	487		685

Suppliers	12,854		9,147
Accrued interest	9,401		9,202
Accrued short-term employee benefits	6,102		2,430
Other accrued expenses	331		1,508
	$	29,175	$	22,972

The balance in suppliers as of June 30, 2019 and December 31, 2018 also includes amounts due to suppliers for costs that have been capitalized as part of each vessel's drydock, scrubber installation or BWTS installation. The payments of these costs are reflected as investing cash outflows within the unaudited condensed consolidated statement of cash flows. $5.7 million of the aggregate change in accrued expenses from December 31, 2018 to June 30, 2019 relates to increases in amounts due to suppliers for drydock, scrubber installation or BWTS installation.

Current and long-term debt

6 Months Ended

Jun. 30, 2019

Financial Instruments [Abstract]

Current and long-term debt

The following is a roll forward of the activity within debt (current and non-current), by facility, for the six months ended June 30, 2019:



			Activity										Balance as of June 30, 2019 consists of:
In thousands of U.S. dollars	Carrying Value as of December 31, 2018		Drawdowns		Repayments			Other Activity⁽¹⁾			Carrying Value as of June 30, 2019		Current		Non-Current
KEXIM Credit Facility	$	299,300	$	—	$	(16,825	)	$	—		$	282,475	$	33,650	$	248,825
ABN AMRO Credit Facility	100,508		—		(4,278		)	—			96,230		8,553		87,677
ING Credit Facility	144,176		—		(6,368		)	—			137,808		12,738		125,070
2018 NIBC Credit Facility	34,851		—		(1,617		)	—			33,234		3,230		30,004
2017 Credit Facility	144,765		—		(6,632		)	—			138,133		13,266		124,867
Credit Agricole Credit Facility	96,211		—		(4,283		)	416			92,344		7,768		84,576
ABN / K-Sure Credit Facility	46,832		—		(1,925		)	376			45,283		3,123		42,160
Citibank / K-Sure Credit Facility	97,609		—		(4,208		)	957			94,358		6,564		87,794
ABN / SEB Credit Facility	114,825		—		(5,750		)	—			109,075		11,500		97,575
Ocean Yield Lease Financing	158,757		—		(5,246		)	97			153,608		10,696		142,912
CMBFL Lease Financing	61,198		—		(2,454		)	93			58,837		4,729		54,108
BCFL Lease Financing (LR2s)	97,454		—		(3,737		)	289			94,006		7,434		86,572
CSSC Lease Financing	251,832		—		(8,655		)	(401		)	242,776		18,088		224,688
BCFL Lease Financing (MRs)	98,831		—		(5,408		)	—			93,423		11,391		82,032
2018 CMBFL Lease Financing	136,543		—		(5,058		)	—			131,485		10,113		121,372
$116.0 Million Lease Financing	112,674		—		(3,243		)	—			109,431		6,892		102,539
AVIC Lease Financing	139,103		—		(5,896		)	—			133,207		11,794		121,413
China Huarong Lease Financing	137,250		—		(6,750		)	—			130,500		13,500		117,000
$157.5 Million Lease Financing	152,086		—		(7,072		)	—			145,014		14,142		130,872
COSCO Lease Financing	84,150		—		(3,850		)	—			80,300		7,700		72,600
IFRS 16 - Leases - Three MR	—		50,715		(3,345		)	293			47,663		7,046		40,617
IFRS 16 - Leases - Seven Handymax	—		24,194		(3,784		)	—			20,410		13,662		6,748



Unsecured Senior Notes Due 2020	53,750			—			—			—		53,750			53,750			—
Unsecured Senior Notes Due 2019	57,500			—			(57,500		)	—		—			—			—
Convertible Senior Notes due 2019	142,180			—			(2,266		)	2,794		142,708			142,708			—
Convertible Senior Notes due 2022	171,469			—			—			4,201		175,670			—			175,670
	$	2,933,854		$	74,909		$	(176,150	)	$	9,115	$	2,841,728		$	434,037		$	2,407,691
Less: deferred financing fees	(23,539		)	(107		)	—			4,363		(19,283		)	(2,097		)	(17,186		)
Total	$	2,910,315		$	74,802		$	(176,150	)	$	13,478	$	2,822,445		$	431,940		$	2,390,505


⁽¹⁾	Relates to non-cash accretion or amortization of (i) debt or lease obligations assumed as part of the merger with Navig8 Product Tankers Inc., which were recorded at fair value on the closing dates, (ii) accretion of our Convertible Senior Notes due 2019 and Convertible Senior Notes due 2022 and (iii) amortization and write-offs of deferred financing fees.

Interest expense on all of our borrowings that has been incurred and is unpaid as of June 30, 2019 is accrued for within Accrued Expenses (see Note 8).

We were in compliance with all of the financial covenants set forth under the above borrowing arrangements as of June 30, 2019.

Unsecured debt

Convertible Senior Notes Due 2019

In March 2019, we repurchased $2.29 million face value of our Convertible Notes due 2019 at an average price of $990.00 per $1,000 principal amount, or $2.27 million.

The conversion rate of our Convertible Senior Notes due 2019 is subject to change upon the issuance of a dividend. The table below details the dividends declared during the six months ended June 30, 2019 and the corresponding effect to the conversion rate of the Convertible Senior Notes due 2019.

The carrying values of the liability component of the Convertible Senior Notes due 2019 as of June 30, 2019 and December 31, 2018, were $142.7 million and $142.2 million, respectively. We incurred $1.7 million of coupon interest and $2.8 million of non-cash accretion on our Convertible Senior Notes due 2019 during the six months ended June 30, 2019. We were in compliance with the covenants related to the Convertible Senior Notes due 2019 as of June 30, 2019 and December 31, 2018. On July 1, 2019, we repaid the $142.7 million due at maturity.

Convertible Senior Notes due 2022

The conversion rate of our Convertible Senior Notes due 2022 is subject to change upon the issuance of a dividend. The table below details the dividends declared during the six months ended June 30, 2019 and the corresponding effect to the conversion rate of the Convertible Senior Notes due 2022:



Record Date	Dividends per share		Share Adjusted Conversion Rate⁽¹⁾
March 13, 2019	$	0.10	25.4799
June 5, 2019	$	0.10	25.5767

⁽¹⁾Per $1,000 principal amount of the Convertible Senior Notes due 2022.

The carrying value of the liability component of the Convertible Senior Notes due 2022 as of June 30, 2019 and December 31, 2018, were $175.7 million and $171.5 million, respectively. We incurred $3.1 million of coupon interest and $4.2 million of non-cash accretion during the six months ended June 30, 2019. We were in compliance with the covenants related to the Convertible Senior Notes due 2022 as of June 30, 2019 and December 31, 2018.

Common shares

6 Months Ended

Jun. 30, 2019

Share-Based Payment Arrangements [Abstract]

Common shares

In February 2019, the Company's Board of Directors approved the reloading of the Plan, and reserved an additional 86,977 common shares, par value $0.01 per share, of the Company for issuance pursuant to the Plan.

2013 Equity Incentive Plan, or the Plan

In June 2019, we issued 112,750 shares of restricted stock to our employees and 107,500 shares to SSH employees for no cash consideration pursuant to the Plan. The share price on the issuance date was $24.93 per share. The vesting schedule of the restricted stock issued is (i) one-third of the shares vest on June 6, 2022, (ii) one-third of the shares vest on June 5, 2023, and (iii) one-third of the shares vest on June 4, 2024.

The following is a summary of activity for awards of restricted stock that have been granted under the Plan during the six months ended June 30, 2019.



		Number of Shares		Weighted Average Grant Date Fair Value
Outstanding and non-vested, December 31, 2018		3,359,887		$	30.05
	Granted	220,250		24.93
	Vested	(199,788	)	77.45
	Forfeited	(2,500	)	48.07
Outstanding and non-vested, June 30, 2019		3,377,849		$	26.89

As of June 30, 2019, there were 3,377,849 unvested shares of restricted stock outstanding. Assuming that all the restricted stock will vest, the stock compensation expense in future periods, including that related to restricted stock issued in prior periods will be:



In thousands of U.S. dollars	Employees		Directors		Total
For the period July 1, 2019 through December 31, 2019	$	12,213	$	549	$	12,762
For the year ending December 31, 2020	19,918		539		20,457
For the year ending December 31, 2021	12,870		119		12,989
For the year ending December 31, 2022	5,940		—		5,940
For the year ending December 31, 2023	1,799		—		1,799
For the year ending December 31, 2024	157		—		157
	$	52,897	$	1,207	$	54,104

Dividend Payments

In February 2019, our Board of Directors declared a quarterly cash dividend of $0.10 per common share, which was paid on March 28, 2019 to all shareholders of record as of March 13, 2019.

In May 2019, our Board of Directors declared a quarterly cash dividend of $0.10 per share, which was paid on June 27, 2019 to all shareholders of record as of June 5, 2019.

Securities Repurchase Program

In May 2015, our Board of Directors authorized a new Securities Repurchase Program to purchase up to an aggregate of $250 million of our common stock and bonds, the latter of which consists of our (i) Convertible Senior Notes due 2019, which were issued in June 2014, (ii) Unsecured Senior Notes Due 2020 (NYSE: SBNA), which were issued in May 2014, and (iii) Convertible Senior Notes due 2022, which were issued in May and July 2018.

In March 2019, we repurchased $2.29 million face value of our Convertible Notes due 2019 at an average price of $990.00 per $1,000 principal amount, or $2.27 million.

During the six months ended June 30, 2019, we purchased an aggregate of 30 of our common shares that are being held as treasury shares at an average price of $17.10 per share.

We had $121.6 million remaining under our Securities Repurchase Program as of June 30, 2019. We expect to repurchase any securities in the open market, at times and prices that are considered to be appropriate, but we are not obligated under the terms of the program to repurchase any securities.

There were 6,349,324 and 6,349,294 common shares held in treasury at June 30, 2019 and December 31, 2018, respectively.

Shares outstanding

As of June 30, 2019, we had 51,615,220 common shares outstanding. These shares provide the holders with rights to dividends and voting rights.

Related party transactions

6 Months Ended

Jun. 30, 2019

Related Party [Abstract]

Related party transactions

Transactions with entities controlled by the Lolli-Ghetti family (herein referred to as related party affiliates) in the unaudited condensed consolidated statements of income or loss and balance sheets are as follows:



	For the six months ended June 30,
In thousands of U.S. dollars	2019			2018
Pool revenue⁽¹⁾
Scorpio LR2 Pool Limited	$	131,945		$	90,689
Scorpio MR Pool Limited	123,427			117,172
Scorpio Handymax Tanker Pool Limited	51,916			41,803
Scorpio LR1 Pool Limited	35,130			22,721
Voyage expenses⁽²⁾	(192		)	(805		)
Vessel operating costs⁽³⁾	(15,908		)	(17,044		)
Administrative expenses⁽⁴⁾	(6,315		)	(6,290		)

(1)

These transactions relate to revenue earned in the Scorpio Pools. The Scorpio Pools are related party affiliates. When our vessels are in the Scorpio Pools, SCM, the pool manager, charges fees of $300 per vessel per day with respect to our LR1/Panamax and Aframax vessels, $250 per vessel per day with respect to our LR2 vessels, and $325 per vessel per day with respect to each of our Handymax and MR vessels, plus a commission of 1.50% on gross revenue per charter fixture. These are the same fees that SCM charges other vessels in these pools, including third party owned vessels. In September 2018, we entered into an agreement with SCM whereby SCM reimbursed a portion of the commissions that SCM charges the Company’s vessels to effectively reduce such to 0.85% of gross revenue per charter fixture, effective from September 1, 2018 and ending on June 1, 2019.


(2)	Related party expenditures included within voyage expenses in the unaudited condensed consolidated statements of income or loss consist of the following:

◦

Expenses due to SCM, a related party affiliate, for commissions related to the commercial management services provided by SCM under the commercial management agreement for vessels that are not in one of the Scorpio Pools. SCM’s services include securing employment, in the spot market and on time charters, for our vessels. When not in one of the Scorpio Pools, each vessel pays (i) flat fees of $250 per day for LR1/Panamax and LR2/Aframax vessels and $300 per day for Handymax and MR vessels and (ii) commissions of 1.25% of their gross revenue per charter fixture. These expenses are included in voyage expenses in the unaudited condensed consolidated statements of income or loss. In September 2018, we entered into an agreement with SCM whereby SCM reimbursed a portion of the commissions that SCM charges the Company’s vessels to effectively reduce such to 0.85% of gross revenue per charter fixture, effective from September 1, 2018 and ending on June 1, 2019.


•	No voyage expenses were charged by a related party port agent during the six months ended June 30, 2019. Voyage expenses of $25,747 were charged by a related party port agent during the six months ended June 30, 2018. SSH has a majority equity interest in a port agent that provides supply and logistical services for vessels operating in its regions.


(3)	Related party expenditures included within vessel operating costs in the unaudited condensed consolidated statements of income or loss consist of the following:

•

Technical management fees of $15.0 million and $14.8 million charged by SSM, a related party affiliate, during the six months ended June 30, 2019 and 2018, respectively. SSM’s services include day-to-day vessel operations, performing general maintenance, monitoring regulatory and classification society compliance, customer vetting procedures, supervising the maintenance and general efficiency of vessels, arranging the hiring of qualified officers and crew, arranging and supervising drydocking and repairs, purchasing supplies, spare parts and new equipment for vessels, appointing supervisors and technical consultants, and providing technical support. SSM administers the payment of salaries to our crew on our behalf. The crew wages that were administered by SSM (and disbursed through related party subcontractors of SSM) were $62.5 million and $63.3 million during the six months ended June 30, 2019 and 2018, respectively. SSM's fixed annual technical management fee is $175,000 per vessel plus certain itemized expenses in the technical management agreement.

•

Insurance related expenses of $2.0 million incurred through a related party insurance broker during the six months ended June 30, 2018. The amounts recorded reflect the amortization of the policy premiums, which are paid directly to the broker, who then remits the premiums to the underwriters. In 2016, an Executive Officer of the Company acquired a minority interest, which in 2018 increased to a majority interest, in an insurance broker which arranges hull and machinery and war risk insurance for certain of our owned and finance leased vessels. This broker has arranged such policies for the Company since 2010 and the extent of the coverage and the manner in which the policies are priced did not change as a result of this transaction. Accordingly, all amounts charged by this insurance broker during the six months ended June 30, 2018 were on an arms-length basis. In September 2018, the Executive Officer disposed of his interest in the insurance broker in its entirety to a third party not affiliated with the Company.


•	Vessel operating expenses of $0.9 million and $0.3 million charged by a related party port agent during the six months ended June 30, 2019 and 2018, respectively. SSH has a majority equity interest in a port agent that provides supply and logistical services for vessels operating in its regions.

(4)

We have an Amended Administrative Services Agreement with SSH for the provision of administrative staff, office space, and administrative services, including accounting, legal compliance, financial and information technology services. SSH is a related party to us. We reimburse SSH for direct or indirect expenses that are incurred on our behalf. SSH also arranges vessel sales and purchases for us. The services provided to us by SSH may be sub-contracted to other entities within the Scorpio group of companies, or Scorpio. The expenses incurred under this agreement were as follows, and were recorded in general and administrative expenses in the unaudited condensed consolidated statement of income or loss.

•

The expense for the six months ended June 30, 2019 of $6.3 million included (i) administrative fees of $5.5 million charged by SSH, (ii) restricted stock amortization of $0.6 million, which relates to the issuance of an aggregate of 221,900 shares of restricted stock to SSH employees for no cash consideration pursuant to the Plan, and (iii) the reimbursement of expenses of $0.1 million to SSH and $0.1 million to SCM.


•	The expense for the six months ended June 30, 2018 of $6.3 million included (i) administrative fees of $5.5 million charged by SSH, (ii) restricted stock amortization of $0.8 million, which relates to the issuance of an aggregate of 114,400 shares of restricted stock to SSH employees for no cash consideration pursuant to the Plan, and (iii) the reimbursement of expenses of $23,848.

We had the following balances with related party affiliates, which have been included in the unaudited condensed consolidated balance sheets:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Assets:
Accounts receivable (due from the Scorpio Pools) ⁽¹⁾	$	52,200	$	66,178
Accounts receivable and prepaid expenses (SSM) ⁽²⁾	2,712		2,461
Accounts receivable and prepaid expenses (SCM)⁽³⁾	1,220		2,511
Other assets (pool working capital contributions) ⁽⁴⁾	45,694		42,973
Liabilities:
Accounts payable and accrued expenses (SSM) ⁽⁵⁾	3,956		832
Accounts payable and accrued expenses (owed to the Scorpio Pools)	605		66
Accounts payable and accrued expenses (SSH)	360		409
Accounts payable and accrued expenses (related party port agent)	351		459
Accounts payable and accrued expenses (SCM)	83		389

(1)

Accounts receivable due from the Scorpio Pools relate to hire receivables for revenues earned and receivables from working capital contributions. The amounts as of June 30, 2019 and December 31, 2018 include $19.2 million and $22.9 million, respectively, of working capital contributions made on behalf of our vessels to the Scorpio Pools. Upon entrance into such pools, all vessels are required to make working capital contributions of both cash and bunkers. Additional working capital contributions can be made from time to time based on the operating needs of the Scorpio pools. These amounts are accounted for and repaid as follows:

•

For vessels in the Scorpio Handymax Tanker Pool, the initial contribution amount is repaid, without interest, upon a vessel’s exit from the pool no later than six months after the exit date. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned or finance leased vessels we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within other assets on the unaudited condensed consolidated balance sheets. For time or bareboat chartered-in vessels we classify the initial contributions as current (within accounts receivable) or non-current (within other assets) according to the expiration of the contract. Any additional working capital contributions are repaid when sufficient net revenues become available to cover such amounts.


•	For vessels in the Scorpio MR Pool and Scorpio Panamax Tanker Pool, any contributions are repaid, without interest, when such vessel has earned sufficient net revenues to cover the value of such working capital contributed. Accordingly, we classify such amounts as current (within accounts receivable).

•

For vessels in the Scorpio LR2 Pool, Scorpio Aframax Pool and Scorpio LR1 Pool, the initial contribution amount is repaid, without interest, upon a vessel’s exit from each pool. Bunkers on board a vessel exiting the pool are credited against such repayment at the actual invoice price of the bunkers. For all owned or finance leased vessels we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within other assets on the unaudited condensed consolidated balance sheets. For time or bareboat chartered-in vessels we classify the initial contributions as current (within accounts receivable) or non-current (within other assets) according to the expiration of the contract. Any additional working capital contributions are repaid when sufficient net revenues become available to cover such amounts and are therefore classified as current.


(2)	Accounts receivable and prepaid expenses from SSM relate to advances made for vessel operating expenses (such as crew wages) that will either be reimbursed or applied against future costs.


(3)	Accounts receivable and prepaid expenses from SCM primarily relate to the reduction of commission rebate to 0.85% of gross revenue per charter fixture as described above.


(4)	Represents the non-current portion of working capital receivables as described above.


(5)	Represents accounts payable and accrued expenses related to vessel operating expenses that are due to SSM.

Prior to September 29, 2016, we paid SSH a fee for arranging vessel purchases and sales, on our behalf, equal to 1% of the gross purchase or sale price, payable upon the consummation of any such purchase or sale. This fee was eliminated for all vessel purchase or sale agreements entered into after September 29, 2016. These fees are capitalized as part of the carrying value of the related vessel for a vessel purchase and are included as part of the gain or loss on sale for a vessel disposal.


•	During the six months ended June 30, 2019, no fees were paid to SSH for the sale or purchase of vessels.


•	During the six months ended June 30, 2018, we paid SSH an aggregate fee of $0.7 million in connection with the purchase and delivery of STI Esles II and STI Jardins. The related construction contracts for these vessels were executed in 2015, prior to the amendments to the Administrative Services Agreement, which were effective on September 29, 2016.

In 2011, we entered into an agreement to reimburse costs to SSM as part of its supervision agreement for newbuilding vessels. There were no costs incurred under this agreement during the six months ended June 30, 2019 and 2018. We also had an agreement with SSM to supervise the eight MR vessels that were under construction at Hyundai Mipo Dockyard and delivered throughout 2017 and in January 2018. We paid SSM $0.1 million under this agreement during the six months ended June 30, 2018.

Key management remuneration

The table below shows key management remuneration for the six months ended June 30, 2019 and 2018:



	For the six months ended June 30,
In thousands of U.S. dollars	2019		2018
Short-term employee benefits (salaries)	$	5,191	$	2,748
Share-based compensation ⁽¹⁾	11,071		10,365
Total	$	16,262	$	13,113


⁽¹⁾	Represents the amortization of restricted stock issued under the Plan as described in Note 17.

For the purpose of the table above, key management are those persons who have authority and responsibility for making strategic decisions, and managing operating, financial and legal activities.

There are no material post-employment benefits for our executive officers or directors. By law, our employees in Monaco are entitled to a one-time payment of up to two months salary upon retirement if they meet certain minimum service requirements.

There are no post-employment benefits.

Segment reporting

6 Months Ended

Jun. 30, 2019

Operating Segments [Abstract]

Segment reporting

Information about our reportable segments for the six months ended June 30, 2019 and 2018 is as follows:

For the six months ended June 30, 2019



In thousands of U.S. dollars	LR1			Handymax			LR2			MR			Reportable segments subtotal			Corporate and eliminations			Total
Vessel revenue	$	35,177		$	55,176		$	132,856		$	123,426		$	346,635		$	—		$	346,635
Vessel operating costs	(13,851		)	(23,717		)	(46,411		)	(54,173		)	(138,152		)	—			(138,152		)
Voyage expenses	(24		)	(1,164		)	(206		)	(228		)	(1,622		)	—			(1,622		)
Charterhire	—			(4,256		)	271			(414		)	(4,399		)	—			(4,399		)
Depreciation - owned or finance leased vessels	(9,598		)	(9,044		)	(36,270		)	(33,271		)	(88,183		)	—			(88,183		)
Depreciation - right of use assets	—			(3,929		)	—			(4,101		)	(8,030		)	—			(8,030		)
General and administrative expenses	(583		)	(1,039		)	(1,857		)	(2,310		)	(5,789		)	(25,451		)	(31,240		)
Financial expenses	—			—			—			—			—			(96,083		)	(96,083		)
Financial income	107			11			22			264			404			5,439			5,843
Other expenses, net	—			—			—			—			—			(13		)	(13		)
Segment income or loss	$	11,228		$	12,038		$	48,405		$	29,193		$	100,864		$	(116,108	)	$	(15,244	)

For the six months ended June 30, 2018



In thousands of U.S. dollars	LR1			Handymax			LR2			MR			Reportable segments subtotal			Corporate and eliminations			Total

Vessel revenue	$	23,611		$	48,237		$	100,066		$	126,327		$	298,241		$	—		$	298,241
Vessel operating costs	(14,781		)	(24,163		)	(45,736		)	(55,224		)	(139,904		)	—			(139,904		)
Voyage expenses	(573		)	(235		)	(2,966		)	(598		)	(4,372		)	—			(4,372		)
Charterhire	—			(10,308		)	(4,652		)	(20,209		)	(35,169		)	—			(35,169		)
Depreciation	(9,565		)	(9,020		)	(36,010		)	(32,952		)	(87,547		)	—			(87,547		)
General and administrative expenses	(593		)	(1,116		)	(1,924		)	(2,430		)	(6,063		)	(20,909		)	(26,972		)
Merger transaction related costs	—			—			—			—			—			(271		)	(271		)
Financial expenses	—			—			—			—			—			(88,367		)	(88,367		)
Loss on exchange of convertible senior notes	—			—			—			—			—			(16,968		)	(16,968		)
Financial income	39			8			10			255			312			418			730
Other expenses, net	—			(46		)	—			—			(46		)	(50		)	(96		)
Segment income or loss	$	(1,862	)	$	3,357		$	8,788		$	15,169		$	25,452		$	(126,147	)	$	(100,695	)

Vessel revenue Vessel revenue

6 Months Ended

Jun. 30, 2019

Analysis of income and expense [abstract]

Vessel revenue

During the six months ended June 30, 2019 and 2018, we had three and five vessels that earned revenue through long-term time-charter contracts (with initial terms of one year or greater), respectively. The remaining vessels earned revenue from the Scorpio Pools or in the spot market.

Revenue Sources



	For the six months ended June 30,
In thousands of U.S. dollars	2019		2018
Pool revenue	$	342,505	$	272,436
Time charter revenue	2,551		18,558
Voyage revenue (spot market)	1,579		7,247
	$	346,635	$	298,241

Seasonality

The tanker market is typically stronger in the winter months of the northern hemisphere as a result of increased oil consumption but weaker in the summer months of the northern hemisphere as a result of lower oil consumption and refinery maintenance. In addition, unpredictable weather patterns during the winter months tend to disrupt vessel scheduling. The oil price volatility resulting from these factors has historically led to increased oil trading activities in the winter months. As a result, revenues generated by our vessels have historically been weaker during April to September and stronger during October to March.

Crewing costs

6 Months Ended

Jun. 30, 2019

Analysis of income and expense [abstract]

Crewing cost [Text Block]

Crewing costs

The following table depicts the components of our crew expenses, including crew benefits, during the six months ended June 30, 2019 and 2018, respectively.



	For the six months ended June 30,
In thousands of US dollars	2019		2018
Short term crew benefits (i.e. wages, victualing, insurance)	$	74,854	$	75,807
Other crew related costs	9,145		9,770
	83,999		85,577

Operating Leases

6 Months Ended

Jun. 30, 2019

Leases 1 [Abstract]

Operating Leases

Operating leases and right of use assets

Bareboat Chartered-In Vessels

The following table depicts our time or bareboat chartered-in vessel commitments during the six months ended June 30, 2019:

Name

Year built

Vessel class

Charter type

Delivery⁽¹⁾

Charter Expiration

Rate ($/ day)

Active as of June 30, 2019

Silent

2007

Handymax

Bareboat

March-19

March-20

6,300

⁽²⁾

Single

2007

Handymax

Bareboat

March-19

March-20

6,300

⁽²⁾

Star I

2007

Handymax

Bareboat

March-19

March-20

6,300

⁽²⁾

Steel

2008

Handymax

Bareboat

March-19

March-21

6,300

⁽³⁾

Sky

2008

Handymax

Bareboat

March-19

March-21

6,300

⁽³⁾

Stone I

2008

Handymax

Bareboat

March-19

March-21

6,300

⁽³⁾

Style

2008

Handymax

Bareboat

March-19

March-21

6,300

⁽³⁾

STI Beryl

2013

Bareboat

April-17

April-25

8,800

⁽⁴⁾

STI Le Rocher

2013

Bareboat

April-17

April-25

8,800

⁽⁴⁾

STI Larvotto

2013

Bareboat

April-17

April-25

8,800

⁽⁴⁾



(1)	Represents delivery date or estimated delivery date.
(2)	In March 2019, we entered into a new bareboat charter-in agreement on a previously bareboat chartered-in vessel. The term of the agreement is for one year at a bareboat rate of $6,300 per day.
(3)	In March 2019, we entered into a new bareboat charter-in agreement on a previously bareboat chartered-in vessel. The term of the agreement is for two years at a bareboat rate of $6,300 per day.
(4)	In April 2017, we sold and leased back this vessel, on a bareboat basis, for a period of up to eight years for $8,800 per day. The sales price was $29.0 million, and we have the option to purchase this vessel beginning at the end of the fifth year of the agreement through the end of the eighth year of the agreement, at market-based prices. Additionally, a deposit of $4.35 million per vessel was retained by the buyer and will either be applied to the purchase price of each vessel if a purchase option is exercised, or refunded to us at the expiration of the agreement.

Time charter that expired during the six months ended June 30, 2019



Name	Year built	Vessel class	Delivery	Charter Expiration	Rate ($/ day)
Miss Benedetta	2012	MR	Mar-18	Jan-19	14,000

On January 1, 2019, the Company adopted IFRS 16, Leases, which amended the existing accounting standards to require lessees to recognize, on a discounted basis, the rights and obligations created by the commitment to lease assets on the balance sheet, unless the term of the lease is 12 months or less. Accordingly, the standard resulted in the recognition of right-of-use assets and corresponding liabilities, on the basis of the discounted remaining future minimum lease payments, relating to the existing bareboat chartered-in vessel commitments for three bareboat chartered-in vessels, which are scheduled to expire in April 2025. A weighted average incremental borrowing rate of 6.0% was applied at the date of initial application.

The following table bridges operating lease commitments at December 31, 2018 to IFRS 16 lease liabilities at January 1, 2019



In thousands of U.S. dollars
Operating leases commitments disclosed at December 31, 2018	$	65,439
Discounting effect relating to the lease liability recorded upon transition to IFRS 16	(10,120		)
Less: leases with terms of less than 12 months at the date of transition to IFRS 16, which were recognized as charterhire expense during the six months ended June 30, 2019.	(4,605		)
IFRS 16 - lease liabilities recognized at January 1, 2019	$	50,714
Of which are:
IFRS 16 - current lease liabilities	$	6,523
IFRS 16 - non-current lease liabilities	$	44,191

In March 2019, the Company entered into new bareboat charter-in agreements on seven previously bareboat chartered-in vessels. Three of these vessels will be bareboat chartered-in for one year and the remaining four vessels will be bareboat chartered-in for two years. The daily bareboat rate under all seven agreements is $6,300 per day.

The following is the activity of the Right of use assets starting with the recognition of the assets on January 1, 2019 through June 30, 2019:



In thousands of U.S. dollars	Vessels		Drydock ⁽²⁾		Total
As of January 1, 2019	48,466		2,635		51,101
Additions⁽¹⁾	24,195		—		24,195
Depreciation - right of use assets	(7,736	)	(294	)	(8,030	)
As of June 30, 2019	64,925		2,341		67,266


⁽¹⁾	Additions relate to seven vessels that commenced bareboat charter-in arrangements in March 2019 for $6,300 per day.

⁽²⁾

Drydock costs for bareboat chartered-in vessels are depreciated over the shorter of the lease term or the period until the next scheduled drydock. On this basis, the drydock costs incurred for these vessels is being depreciated separately. These costs were recorded as Other non-current assets as of December 31, 2018 and were reclassified to Right of use assets upon the adoption of IFRS 16 - Leases, on January 1, 2019.

The following table summarizes the interest expense recognized in the unaudited condensed consolidated statements of income or loss and principal payments recognized in the unaudited condensed consolidated cash flow statements for the six months ended June 30, 2019 relating to lease liabilities.



In thousands of U.S. dollars	Six months ended June 30, 2019
Amounts recognized in unaudited condensed consolidated statements of income or loss	Six months ended June 30, 2019
Interest expense on IFRS 16 - lease liabilities	$	1,776

Amount recognized in unaudited condensed consolidated cash flow statements
Principal repayments on IFRS 16 - lease liabilities	$	7,129

The undiscounted remaining future minimum lease payments under bareboat charter-in arrangements that are accounted as lease liabilities under IFRS 16 - Leases as of June 30, 2019 are $77.7 million. The obligations under these agreements will be repaid as follows:



	As of
In thousands of U.S. dollars	June 30, 2019
Less than 1 year	$	24,066
1 - 5 years	45,395
5+ years	8,200
Total	$	77,661
Discounting effect	9,589
Lease liability	$	68,072

The total expense recognized under time and bareboat charterhire agreements that are accounted for as operating leases during the six months ended June 30, 2019 and 2018 was $4.4 million and $35.2 million, respectively. These lease payments include payments for the non-lease elements in our time chartered-in arrangements.

Time Chartered-Out Vessels and Vessels in Pool Arrangements

In accordance with IFRS 16 - Leases, we are required to identify the lease and non-lease components of revenue and account for each component in accordance with the applicable accounting standard. In time charter-out or pool arrangements, we have determined that the lease component is the vessel and the non-lease component is the technical management services provided to operate the vessel. Each component is quantified on the basis of the relative stand-alone price of each lease component; and on the aggregate stand-alone price of the non-lease components.

These components will be accounted for as follows:


•	All fixed lease revenue earned under these time charter-out arrangements is recognized on a straight-line basis over the term of the lease.


•	Lease revenue earned under our pool arrangements is recognized as it is earned, since it is 100% variable.


•	The non-lease component is accounted for as services revenue under IFRS 15. This revenue is recognized “over time” as the customer (i.e. the pool or the charterer) is simultaneously receiving and consuming the benefits of the service.

The following table summarizes the lease and non-lease components of revenue from time charter-out and pool revenue during the six months ended June 30, 2019 and 2018. These figures are not readily quantifiable as the Company's contracts (with the Scorpio pools or under time charter-out arrangements) do not separate these components. The Company does not view its pool and time charter-out revenue as two separate streams of revenue. Nevertheless, we have estimated these amounts by reference to (i) third party, published time charter rates for the lease component, and (ii) an approximation of the fair market value of vessel operating expenses for the non-lease component.



	For the six months ended June 30,
In thousands of U.S. dollars	2019		2018
Lease component of revenue from time charter-out and pool revenue	$	191,523	$	140,183
Non-lease component of revenue from time charter-out and pool revenue	153,533		150,810
	$	345,056	$	290,993

The following table summarizes the terms of our time chartered-out vessels that were in place during the six months ended June 30, 2019.



	Name	Year built	Type	Delivery Date to the Charterer	Charter Expiration	Rate ($/ day)
1	STI Pimlico	2014	Handymax	February-16	March-19	$	18,000
2	STI Poplar	2014	Handymax	January-16	February-19	$	18,000
3	STI Rose	2015	LR2	February-16	February-19	$	28,000

Payments received include payments for the non-lease elements in these time chartered-out arrangements.

The future undiscounted minimum payments due to us under these non-cancellable leases are set forth below. These minimum payments are shown net of address commissions, which are deducted upon payment.



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Less than 1 year	$	—	$	2,581
1 - 5 years	—		—
5+ years	—		—
Total	$	—	$	2,581

Financial expenses

6 Months Ended

Jun. 30, 2019

Analysis of income and expense [abstract]

Financial expenses

The following table depicts the components of financial expenses for the six months ended June 30, 2019:



	For the six months ended June 30,
In thousands of U.S. dollars	2019		2018
Interest expense on debt ⁽¹⁾	$	82,898	$	66,797
Accretion of Convertible Senior Notes due 2019 and 2022	6,995		6,435
Amortization of deferred financing fees	4,088		6,191
Accretion of premiums and discounts on assumed debt⁽²⁾	1,827		1,909
Write-off of deferred financing fees ⁽³⁾	275		7,035
Total financial expenses	$	96,083	$	88,367

(1)

The increase in interest payable, net of capitalized interest was primarily attributable to (i) an increase in the Company's average debt balance, (ii) an increase in LIBOR rates compared to the six months ended June 30, 2018, (iii) an increase in borrowing costs associated with the Company's lease financing arrangements that were entered into in 2018 and (iv) the implementation of IFRS 16 - Leases. IFRS 16 - Leases, required the recognition of right of use assets and corresponding liabilities on the basis of the discounted remaining future minimum lease payments, relating to our existing bareboat chartered-in vessel commitments that were previously reported as operating leases. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding liability. During the six months ended June 30, 2019, we recognized $1.8 million of finance charge for leases accounted for under IFRS 16.

Average debt outstanding during the six months ended June 30, 2019 and 2018 was $2.9 billion and $2.8 billion, respectively. The increase in average debt during the six months ended June 30, 2019 was primarily the result of the Company's refinancing initiatives that were executed in the second, third and fourth quarters of 2018. Interest payable during those periods was partially offset by interest capitalized from vessels under construction and installations of BWTS and scrubbers of $1.3 million and $0.2 million during the six months ended June 30, 2019 and 2018, respectively.


(2)	The accretion of premiums and discounts represent the accretion or amortization of the fair value adjustments relating to the indebtedness assumed from Navig8 Product Tankers Inc. that have been recorded since the closing dates of that merger in 2017.


(3)	The write-off of deferred financing fees for the six months ended June 30, 2019 was primarily the result of the early redemption of the Unsecured Senior Notes due 2019 in March 2019.

The write-off of deferred financing fees in the six months ended June 30, 2018 included (i) $1.1 million related to the exchange of our Convertible Senior Notes due 2019 in May 2018, (ii) $3.3 million related to refinancing of the existing indebtedness on five vessels under our K-Sure Credit Facility into our ABN / SEB Credit Facility, and (iii) $2.6 million related to the acceleration of the unamortized deferred financing fees for certain credit facilities that were refinanced in the third and fourth quarters of 2018.

(Loss) / earnings per share

6 Months Ended

Jun. 30, 2019

Earnings per share [abstract]

(Loss) / earnings per share

Loss per share

The calculation of both basic and diluted loss per share is based on net loss attributable to equity holders of the parent and weighted average outstanding shares of:



	For the six months ended June 30,
In thousands of U.S. dollars except for share data	2019			2018
Net loss attributable to equity holders of the parent - basic	$	(15,244	)	$	(100,695	)
Convertible Senior Notes interest expense	—			—
Convertible Senior Notes deferred financing amortization	—			—
Net loss attributable to equity holders of the parent - diluted	$	(15,244	)	$	(100,695	)

Basic weighted average number of shares	48,109,924			30,891,470
Effect of dilutive potential basic shares:
Restricted stock	—			—
Convertible Senior Notes	—			—
	—			—
Diluted weighted average number of shares	48,109,924			30,891,470

Loss Per Share:
Basic	$	(0.32	)	$	(3.26	)
Diluted	$	(0.32	)	$	(3.26	)

During the six months ended June 30, 2019 and 2018, we incurred net losses and as a result, the inclusion of potentially dilutive shares relating to unvested shares of restricted stock and our Convertible Senior Notes due 2019 and Convertible Senior Notes due 2022 were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive. Accordingly, interest expense and deferred financing amortization relating to the Convertible Senior Notes due 2019 and Convertible Senior Notes due 2022 along with the potentially dilutive securities under such notes (representing 6,653,256 and 6,320,243 shares of common stock for the six months ended June 30, 2019 and 2018, respectively) along with the potentially dilutive impact of 3,377,849 and 2,167,474 unvested shares of restricted stock were excluded from the computation of diluted earnings per share for the six months ended June 30, 2019 and 2018, respectively.

Financial instruments - financial and other risks

6 Months Ended

Jun. 30, 2019

Financial Instruments [Abstract]

Financial instruments - financial and other risks

Funding and capital risk management

We manage our funding and capital resources to ensure our ability to continue as a going concern while maximizing the return to shareholders through the optimization of our debt and equity balance.

IFRS 13 requires classifications of fair value measures into Levels 1, 2 and 3. Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).

The fair values and carrying values of our financial instruments at June 30, 2019 and December 31, 2018, respectively, are shown in the table below.

Categories of Financial Instruments



	As of June 30, 2019				As of December 31, 2018
Amounts in thousands of U.S. dollars	Fair value		Carrying Value		Fair value		Carrying Value
Financial assets
Cash and cash equivalents⁽¹⁾	$	467,219	$	467,219	$	593,652	$	593,652
Restricted cash ⁽²⁾	12,294		12,294		12,285		12,285
Accounts receivable ⁽³⁾	56,469		56,469		69,718		69,718
Investment in BWTS supplier ⁽⁴⁾	1,751		1,751		1,751		1,751
Working capital contributions to Scorpio Pools ⁽⁵⁾	45,694		45,694		42,973		42,973
Seller's credit on sale leaseback vessels ⁽⁶⁾	9,352		9,352		9,087		9,087

Financial liabilities
Accounts payable ⁽⁷⁾	$	15,354	$	15,354	$	11,865	$	11,865
Accrued expenses ⁽⁷⁾	29,175		29,175		22,972		22,972
Secured bank loans ⁽⁸⁾	1,018,638		1,018,638		1,066,452		1,066,452
Finance lease liability⁽⁹⁾	1,363,932		1,363,932		1,420,381		1,420,381
Unsecured Senior Notes Due 2020⁽¹⁰⁾	54,524		53,750		52,584		53,750
Unsecured Senior Notes Due 2019 ⁽¹⁰⁾	—		—		58,029		57,500
Convertible Senior Notes due 2019⁽¹¹⁾	142,708		142,708		140,267		145,000
Convertible Senior Notes due 2022 ⁽¹¹⁾	210,865		203,500		163,842		203,500
IFRS 16 - Lease liabilities ⁽¹²⁾	68,072		68,072		—		—


(1)	Cash and cash equivalents are considered Level 1 items as they represent liquid assets with short-term maturities.


(2)	Restricted cash are considered Level 1 items due to the liquid nature of these assets.


(3)	We consider that the carrying amount of accounts receivable approximate their fair value due to the relative short maturity of these instruments.

(4)

We consider the value of our minority interest in our BWTS supplier (as described in Note 5) to be a Level 3 fair value measurement, as this supplier is a private company and the value has been determined based on unobservable market data (i.e. the proceeds that we would receive if we exercised the put option set forth in the agreement in full). Moreover, we consider that its carrying value approximates fair value given that the value of this investment is contractually limited to the strike prices set forth in the put option that was granted to the Company and the call option that was granted to the supplier. The difference in the aggregate value of the investment, based on the spread between the exercise prices of the put and call options, is $0.6 million.

(5) Non-current working capital contributions to the Scorpio Pools are repaid, without interest, upon a vessel’s exit from the pool. For all owned vessels, we assume that these contributions will not be repaid within 12 months and are thus classified as non-current within Other Assets on the consolidated balance sheets. We consider that their carrying values approximate fair value given that the amounts due are contractually fixed based on the terms of each pool agreement.

(6) The seller's credit on lease financed vessels represents the present value of the deposits of $4.35 million per vessel ($13.1 million in aggregate) that was retained by the buyer as part of the sale and operating leasebacks of STI Beryl, STI Le Rocher and STI Larvotto, which is described in Note 5. This deposit will either be applied to the purchase price of the vessel if a purchase option is exercised, or refunded to us at the expiration of the agreement. This deposit has been recorded as a financial asset measured at amortized cost. The present value of this deposit has been calculated based on the interest rate that is implied in the leases, and the carrying value will accrete over the life of the lease using the effective interest method, through interest income, until expiration. We consider that its carrying value approximates fair value given that its value is contractually fixed based on the terms of each lease.


(7)	We consider that the carrying amounts of accounts payable and accrued expenses approximate the fair value due to the relative short maturity of these instruments.

(8)

The carrying value of our secured bank loans are measured at amortized cost using the effective interest method. We consider that their carrying value approximates fair value because (i) the interest rates on these instruments change with, or approximate, market interest rates and (ii) the credit risk of the Company has remained stable. Accordingly, we consider their fair value to be a Level 2 measurement. These amounts are shown net of $10.3 million and $12.6 million of unamortized deferred financing fees as of June 30, 2019 and December 31, 2018, respectively.

(9)

The carrying value of our obligations due under finance lease arrangements are measured at amortized cost using the effective interest method. We consider that their carrying value approximates fair value because (i) the interest rates on these instruments change with, or approximate, market interest rates and (ii) the credit risk of the Company has remained stable. These amounts are shown net of $8.7 million and $9.5 million of unamortized deferred financing fees as of June 30, 2019 and December 31, 2018, respectively.

(10) The carrying value of our Unsecured Senior Notes Due 2020 are measured at amortized cost using the effective interest method. The carrying values shown in the table are the face value of the notes. These notes are shown net of $0.3 million and $0.5 million of unamortized deferred financing fees on our unaudited condensed consolidated balance sheet as of June 30, 2019 and December 31, 2018. Our Unsecured Senior Notes Due 2020 are quoted on the New York Stock Exchange under the symbols 'SBNA'. We consider their fair values to be Level 1 measurements due to their quotation on an active exchange.

(11) The carrying value of our Convertible Senior Notes due 2019 and Convertible Senior Notes 2022 shown in the table above are their face value. The liability components of the Convertible Senior Notes due 2019 and Convertible Senior Notes 2022 have been recorded within Long-term debt on the unaudited condensed consolidated balance sheet as of June 30, 2019. The equity components of the Convertible Senior Notes due 2019 and Convertible Senior Notes 2022 have been recorded within Additional paid-in capital on the unaudited condensed consolidated balance sheet, net of $1.9 million, of unamortized deferred financing fees. These instruments are traded in inactive markets and are valued based on quoted prices on the recent trading activity. Accordingly, we consider its fair value to be a Level 2 measurement.

(12) The carrying values of our IFRS 16 - Leases, lease liabilities are measured at present value of the minimum lease payments over the lease term, discounted at the Company's incremental borrowing rate. We consider that the carrying value approximates fair value because the interest rates on these instruments approximate market interest rates. Accordingly, we consider their fair value to a Level 2 measurement.

Liquidity risk

Liquidity risk is the risk that an entity will encounter difficulty in raising funds to meet commitments associated with financial instruments. We manage liquidity risk by maintaining adequate reserves and borrowing facilities and by continuously monitoring forecast and actual cash flows.

Economic conditions in the product tanker market were challenging during the year ended December 31, 2018, with freight rates at their lowest levels since 2009, resulting in the incurrence of significant losses during that period. The Company raised $319.6 million in additional liquidity in an underwritten offering of our common shares in October 2018 and economic conditions in the product tanker market subsequently improved during the six months ended June 30, 2019. Our Senior Unsecured Notes due 2020 are scheduled to mature in May of 2020 and our ABN AMRO Credit Facility is scheduled to mature in the third quarter of 2020 (depending on the tranche). While we believe our current financial position is adequate to address the maturity of these instruments, a deterioration in economic conditions could cause us to pursue other means to raise liquidity, such as through the sale of vessels, to meet these obligations. Moreover, a deterioration in economic conditions could cause us to breach our debt covenants, and could have a material adverse effect on our business, results of operations, cash flows and financial condition.

Based on internal forecasts and projections, we believe that we have adequate financial resources to continue in operation and meet our financial commitments (including but not limited to debt service obligations and charterhire commitments) for a period of at least twelve months from the date of approval of these unaudited condensed consolidated financial statements. Accordingly, we continue to adopt the going concern basis in preparing our unaudited condensed consolidated financial statements.

Fair Values and Carrying Values of Financial Assets

The fair values and carrying values of our financial instruments at June 30, 2019 and December 31, 2018, respectively, are shown in the table below.

Categories of Financial Instruments



	As of June 30, 2019				As of December 31, 2018
Amounts in thousands of U.S. dollars	Fair value		Carrying Value		Fair value		Carrying Value
Financial assets
Cash and cash equivalents⁽¹⁾	$	467,219	$	467,219	$	593,652	$	593,652
Restricted cash ⁽²⁾	12,294		12,294		12,285		12,285
Accounts receivable ⁽³⁾	56,469		56,469		69,718		69,718
Investment in BWTS supplier ⁽⁴⁾	1,751		1,751		1,751		1,751
Working capital contributions to Scorpio Pools ⁽⁵⁾	45,694		45,694		42,973		42,973
Seller's credit on sale leaseback vessels ⁽⁶⁾	9,352		9,352		9,087		9,087

Financial liabilities
Accounts payable ⁽⁷⁾	$	15,354	$	15,354	$	11,865	$	11,865
Accrued expenses ⁽⁷⁾	29,175		29,175		22,972		22,972
Secured bank loans ⁽⁸⁾	1,018,638		1,018,638		1,066,452		1,066,452
Finance lease liability⁽⁹⁾	1,363,932		1,363,932		1,420,381		1,420,381
Unsecured Senior Notes Due 2020⁽¹⁰⁾	54,524		53,750		52,584		53,750
Unsecured Senior Notes Due 2019 ⁽¹⁰⁾	—		—		58,029		57,500
Convertible Senior Notes due 2019⁽¹¹⁾	142,708		142,708		140,267		145,000
Convertible Senior Notes due 2022 ⁽¹¹⁾	210,865		203,500		163,842		203,500
IFRS 16 - Lease liabilities ⁽¹²⁾	68,072		68,072		—		—


(1)	Cash and cash equivalents are considered Level 1 items as they represent liquid assets with short-term maturities.


(2)	Restricted cash are considered Level 1 items due to the liquid nature of these assets.


(3)	We consider that the carrying amount of accounts receivable approximate their fair value due to the relative short maturity of these instruments.

(4)


(7)	We consider that the carrying amounts of accounts payable and accrued expenses approximate the fair value due to the relative short maturity of these instruments.

(8)

(9)

General and administrative expenses	6 Months Ended
General and administrative expenses	Jun. 30, 2019
Analysis of income and expense [abstract]
General and administrative expenses	General and administrative expenses General and administrative expenses increased $4.3 million to $31.2 million from $27.0 million for the six months ended June 30, 2019 and 2018, respectively. This increase was primarily driven by an increase in restricted stock amortization and compensation expenses.

Subsequent events	6 Months Ended
Subsequent events	Jun. 30, 2019
Events After Reporting Period [Abstract]
Subsequent events	Subsequent events Convertible Senior Notes due 2019 In July 2019, our Convertible Senior Notes due 2019 matured and we repaid the entire outstanding balance of $142.7 million. Convertible Senior Notes due 2022 On September 10, 2019, the conversion rate of the Convertible Senior Notes due 2022 was adjusted to reflect the Company's expected payment of a cash dividend on or about September 27, 2019 to all shareholders of record as of September 10, 2019. The new conversion rate for the Convertible Senior Notes due 2022 is 25.6637 shares of the Company’s common shares per $1,000 principal amount, representing an increase to the prior conversion rate of 0.0870 shares for each $1,000 principal amount of the Convertible Senior Notes due 2022. Declaration of Dividend On July 30, 2019, the Company's Board of Directors declared a quarterly cash dividend of $0.10 per common share, payable on or about September 27, 2019 to all shareholders of record as of September 10, 2019 (the record date). Scrubber Financing The Company has received commitments for seven different facilities to partially finance the purchase and installation of scrubbers on certain of the Company's vessels. These commitments are expected to increase the Company’s liquidity by approximately $87 million. The Company is in discussions with a different group of financial institutions to finance additional purchases of scrubbers which, if consummated, are expected to increase the Company’s liquidity by an additional $35 million. All of these agreements are expected to be signed in the next few months and the drawdowns will occur as the scrubbers are installed throughout the remainder of 2019 and 2020. 2013 Equity Incentive Plan, or the Plan In July 2019, the Company's Board of Directors approved the reloading of the Plan, and reserved an additional 134,893 common shares, par value $0.01 per share, of the Company for issuance pursuant to the Plan. In July 2019, the Company issued 230,170 shares of restricted stock to our employees for no cash consideration pursuant to the Plan. The share price on the issuance date was $26.23 per share. The vesting schedule of the restricted stock issued to our employees is (i) one-third of the shares vest on May 24, 2022, (ii) one-third of the shares vest on May 23, 2023, and (iii) one-third of the shares vest on May 22, 2024.

General information and significant accounting policies (Policies)

6 Months Ended

Jun. 30, 2019

Corporate Information And Statement Of IFRS Compliance [Abstract]

Disclosure of significant accounting policies

General information and significant accounting policies

Company

Basis of accounting

Reverse stock split

Going concern

The unaudited condensed consolidated financial statements have been prepared in accordance with the going concern basis of accounting as described further in the "Liquidity risk" section of Note 18.

Adoption of new and amended IFRS and International Financial Reporting Interpretations Committee interpretations from January 1, 2019

Standards and interpretations adopted during the six months ended June 30, 2018

Standards and interpretations adopted during the six months ended June 30, 2019

These components are accounted for as follows:


•	All fixed lease revenue earned under these arrangements is recognized on a straight-line basis over the term of the lease.


•	Lease revenue earned under our pool arrangements is recognized as it is earned, since it is 100% variable.


•	The non-lease component is accounted for as services revenue under IFRS 15 - Revenue from Contracts with Customers. This revenue is recognized “over time” as the customer (i.e. the pool or the charterer) is simultaneously receiving and consuming the benefits of the service.

Basis of accounting

Reverse stock split

Prepaid expenses and other assets (Tables)

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Summary of prepaid expenses and other assets

The following is a table summarizing our prepaid expenses and other current assets as of June 30, 2019 and December 31, 2018:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
SSM - prepaid vessel operating expenses	$	2,712	$	2,461
Prepaid expenses from related parties	2,712		2,461

Prepaid interest	6,535		6,870
Prepaid insurance	4,373		4,449
Third party - prepaid vessel operating expenses	651		712
Other prepaid expenses	1,574		1,179
	$	15,845	$	15,671

Accounts receivable (Tables)

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Summary of the components of accounts receivable

The following is a table summarizing our accounts receivable as of June 30, 2019 and December 31, 2018:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Scorpio MR Pool Limited	$	30,800	$	33,288
Scorpio LR2 Pool Limited	13,720		24,563
Scorpio LR1 Pool Limited	3,895		3,705
Scorpio Handymax Tanker Pool Limited	3,785		4,559
Scorpio Aframax Pool Limited	—		63
SCM	1,220		2,511
Receivables from the related parties	53,420		68,689

Insurance receivables	1,499		204
Freight and time charter receivables	237		22
Receivables from Navig8 Group Pools	72		17
Other receivables	1,241		786
	$	56,469	$	69,718

Vessels (Tables)

6 Months Ended

Jun. 30, 2019

Property, plant and equipment [abstract]

Operating vessels rollforward



In thousands of U.S. dollars		Vessels			Drydock			Total
Cost
	As of January 1, 2019	4,469,102			86,352			4,555,454
	Additions ⁽¹⁾	35,279			10,561			45,840
	As of June 30, 2019	4,504,381			96,913			4,601,294

Accumulated depreciation
	As of January 1, 2019	(506,443		)	(51,222		)	(557,665		)
	Charge for the period	(79,226		)	(8,957		)	(88,183		)
	As of June 30, 2019	(585,669		)	(60,179		)	(645,848		)
Net book value
	As of June 30, 2019	$	3,918,712		$	36,734		$	3,955,446

Net book value
	As of December 31, 2018	$	3,962,659		$	35,130		$	3,997,789


(1)	Additions during the six months ended June 30, 2019 primarily relates to the various costs relating to BWTS, scrubber and drydock installations.

Summary of cost capitalized [Table Text Block]

The following is a summary of the cost types that were capitalized during the six months ended June 30, 2019:



In thousands of U.S. dollars	Drydock		Notional component of scrubber		Total drydock additions		Scrubber		BWTS		Other equipment		Capitalized interest		Total vessel additions
Handymax	$	2,746	$	—	$	2,746	$	—	$	4,091	$	584	$	136	$	4,811
MR	5,901		450		6,351		10,604		2,975		1,495		485		15,559
LR1	—		—		—		319		—		296		67		682
LR2	864		600		1,464		12,052		261		1,350		564		14,227
	$	9,511	$	1,050	$	10,561	$	22,975	$	7,327	$	3,725	$	1,252	$	35,279

Schedule of future expected payments for purchase commitments

The following table is a timeline of future expected payments and dates for our commitments to purchase scrubbers and BWTS as of June 30, 2019 ⁽¹⁾:



	As of June 30,
In thousands of U.S. dollars	2019
Less than 1 month	$	24,059
1-3 months	29,146
3 months to 1 year	55,838
1-5 years	12,644
5+ years	—
Total	$	121,687


⁽¹⁾	These amounts are subject to change as installation times are finalized. The amounts presented exclude installation costs.

Other non-current assets (Tables)

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Schedule of other non-current assets


	Other non-current assets



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Scorpio LR2 Pool Ltd. pool working capital contributions ⁽¹⁾	$	32,300	$	31,450
Scorpio Handymax Tanker Pool Ltd. pool working capital contributions ⁽²⁾	6,794		4,923
Scorpio LR1 Pool Ltd. pool working capital contributions⁽¹⁾	6,600		6,600
Working capital contributions to Scorpio Pools	45,694		42,973

Deposits for scrubbers ⁽³⁾	25,080		12,221
Deposits for BWTS⁽⁴⁾	15,356		6,365
Seller's credit on lease financed vessels ⁽⁵⁾	9,352		9,087
Investment in BWTS supplier⁽⁴⁾	1,751		1,751
Deferred drydock costs on bareboat chartered-in vessels⁽⁶⁾	—		2,813
	$	97,233	$	75,210

Accounts payable (Tables)

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Summary of the components of accounts payable

The following table depicts the components of our accounts payable as of June 30, 2019 and December 31, 2018:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Scorpio Ship Management S.A.M. (SSM)	$	3,868	$	545
Scorpio Handymax Tanker Pool Limited	384		12
Scorpio Services Holding Limited (SSH)	360		409
Scorpio LR1 Pool Limited	131		51
Scorpio Commercial Management S.A.M. (SCM)	81		389
Scorpio LR2 Pool Limited	23		2
Amounts due to a port agent - related party	20		62
Accounts payable to related parties	4,867		1,470

Suppliers	10,487		10,395
	$	15,354	$	11,865

Accrued expenses (Tables)

6 Months Ended

Jun. 30, 2019

Subclassifications of assets, liabilities and equities [abstract]

Summary of the components of accrued expenses

The following table depicts the components of our accrued expenses as of June 30, 2019 and December 31, 2018:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Accrued expenses to a related party port agent	$	331	$	398
Accrued expenses to SSM	88		287
Accrued expenses to Scorpio MR Pool Limited	54		—
Accrued expenses to Scorpio LR1 Pool Limited	8		—
Accrued expenses to Scorpio LR2 Pool Limited	3		—
Accrued expenses to SCM	2		—
Accrued expenses to Scorpio Handymax Tanker Pool Limited	1		—
Accrued expenses to related parties	487		685

Suppliers	12,854		9,147
Accrued interest	9,401		9,202
Accrued short-term employee benefits	6,102		2,430
Other accrued expenses	331		1,508
	$	29,175	$	22,972

The balance in suppliers as of June 30, 2019 and December 31, 2018 also includes amounts due to suppliers for costs that have been capitalized as part of each vessel's drydock, scrubber installation or BWTS installation. The payments of these costs are reflected as investing cash outflows within the unaudited condensed consolidated statement of cash flows. $5.7 million of the aggregate change in accrued expenses from December 31, 2018 to June 30, 2019 relates to increases in amounts due to suppliers for drydock, scrubber installation or BWTS installation.

Current and long-term debt (Tables)

6 Months Ended

Jun. 30, 2019

Financial Instruments [Abstract]

Schedule of Detailed Information about Current and Long-term Debt

The table below details the dividends declared during the six months ended June 30, 2019 and the corresponding effect to the conversion rate of the Convertible Senior Notes due 2019.

The table below details the dividends declared during the six months ended June 30, 2019 and the corresponding effect to the conversion rate of the Convertible Senior Notes due 2022:



Record Date	Dividends per share		Share Adjusted Conversion Rate⁽¹⁾
March 13, 2019	$	0.10	25.4799
June 5, 2019	$	0.10	25.5767

⁽¹⁾Per $1,000 principal amount of the Convertible Senior Notes due 2022.

The following is a roll forward of the activity within debt (current and non-current), by facility, for the six months ended June 30, 2019:



			Activity										Balance as of June 30, 2019 consists of:
In thousands of U.S. dollars	Carrying Value as of December 31, 2018		Drawdowns		Repayments			Other Activity⁽¹⁾			Carrying Value as of June 30, 2019		Current		Non-Current
KEXIM Credit Facility	$	299,300	$	—	$	(16,825	)	$	—		$	282,475	$	33,650	$	248,825
ABN AMRO Credit Facility	100,508		—		(4,278		)	—			96,230		8,553		87,677
ING Credit Facility	144,176		—		(6,368		)	—			137,808		12,738		125,070
2018 NIBC Credit Facility	34,851		—		(1,617		)	—			33,234		3,230		30,004
2017 Credit Facility	144,765		—		(6,632		)	—			138,133		13,266		124,867
Credit Agricole Credit Facility	96,211		—		(4,283		)	416			92,344		7,768		84,576
ABN / K-Sure Credit Facility	46,832		—		(1,925		)	376			45,283		3,123		42,160
Citibank / K-Sure Credit Facility	97,609		—		(4,208		)	957			94,358		6,564		87,794
ABN / SEB Credit Facility	114,825		—		(5,750		)	—			109,075		11,500		97,575
Ocean Yield Lease Financing	158,757		—		(5,246		)	97			153,608		10,696		142,912
CMBFL Lease Financing	61,198		—		(2,454		)	93			58,837		4,729		54,108
BCFL Lease Financing (LR2s)	97,454		—		(3,737		)	289			94,006		7,434		86,572
CSSC Lease Financing	251,832		—		(8,655		)	(401		)	242,776		18,088		224,688
BCFL Lease Financing (MRs)	98,831		—		(5,408		)	—			93,423		11,391		82,032
2018 CMBFL Lease Financing	136,543		—		(5,058		)	—			131,485		10,113		121,372
$116.0 Million Lease Financing	112,674		—		(3,243		)	—			109,431		6,892		102,539
AVIC Lease Financing	139,103		—		(5,896		)	—			133,207		11,794		121,413
China Huarong Lease Financing	137,250		—		(6,750		)	—			130,500		13,500		117,000
$157.5 Million Lease Financing	152,086		—		(7,072		)	—			145,014		14,142		130,872
COSCO Lease Financing	84,150		—		(3,850		)	—			80,300		7,700		72,600
IFRS 16 - Leases - Three MR	—		50,715		(3,345		)	293			47,663		7,046		40,617
IFRS 16 - Leases - Seven Handymax	—		24,194		(3,784		)	—			20,410		13,662		6,748



Unsecured Senior Notes Due 2020	53,750			—			—			—		53,750			53,750			—
Unsecured Senior Notes Due 2019	57,500			—			(57,500		)	—		—			—			—
Convertible Senior Notes due 2019	142,180			—			(2,266		)	2,794		142,708			142,708			—
Convertible Senior Notes due 2022	171,469			—			—			4,201		175,670			—			175,670
	$	2,933,854		$	74,909		$	(176,150	)	$	9,115	$	2,841,728		$	434,037		$	2,407,691
Less: deferred financing fees	(23,539		)	(107		)	—			4,363		(19,283		)	(2,097		)	(17,186		)
Total	$	2,910,315		$	74,802		$	(176,150	)	$	13,478	$	2,822,445		$	431,940		$	2,390,505


⁽¹⁾	Relates to non-cash accretion or amortization of (i) debt or lease obligations assumed as part of the merger with Navig8 Product Tankers Inc., which were recorded at fair value on the closing dates, (ii) accretion of our Convertible Senior Notes due 2019 and Convertible Senior Notes due 2022 and (iii) amortization and write-offs of deferred financing fees.

The following table depicts the components of financial expenses for the six months ended June 30, 2019:



	For the six months ended June 30,
In thousands of U.S. dollars	2019		2018
Interest expense on debt ⁽¹⁾	$	82,898	$	66,797
Accretion of Convertible Senior Notes due 2019 and 2022	6,995		6,435
Amortization of deferred financing fees	4,088		6,191
Accretion of premiums and discounts on assumed debt⁽²⁾	1,827		1,909
Write-off of deferred financing fees ⁽³⁾	275		7,035
Total financial expenses	$	96,083	$	88,367

Common shares (Tables)

6 Months Ended

Jun. 30, 2019

Share-Based Payment Arrangements [Abstract]

Summary of activity for awards of restricted stock

The following is a summary of activity for awards of restricted stock that have been granted under the Plan during the six months ended June 30, 2019.



		Number of Shares		Weighted Average Grant Date Fair Value
Outstanding and non-vested, December 31, 2018		3,359,887		$	30.05
	Granted	220,250		24.93
	Vested	(199,788	)	77.45
	Forfeited	(2,500	)	48.07
Outstanding and non-vested, June 30, 2019		3,377,849		$	26.89

Summary of future stock compensation expense

Assuming that all the restricted stock will vest, the stock compensation expense in future periods, including that related to restricted stock issued in prior periods will be:



In thousands of U.S. dollars	Employees		Directors		Total
For the period July 1, 2019 through December 31, 2019	$	12,213	$	549	$	12,762
For the year ending December 31, 2020	19,918		539		20,457
For the year ending December 31, 2021	12,870		119		12,989
For the year ending December 31, 2022	5,940		—		5,940
For the year ending December 31, 2023	1,799		—		1,799
For the year ending December 31, 2024	157		—		157
	$	52,897	$	1,207	$	54,104

Related party transactions (Tables)

6 Months Ended

Jun. 30, 2019

Related Party [Abstract]

Disclosure of transactions between related parties

The table below shows key management remuneration for the six months ended June 30, 2019 and 2018:



	For the six months ended June 30,
In thousands of U.S. dollars	2019		2018
Short-term employee benefits (salaries)	$	5,191	$	2,748
Share-based compensation ⁽¹⁾	11,071		10,365
Total	$	16,262	$	13,113


⁽¹⁾	Represents the amortization of restricted stock issued under the Plan as described in Note 17.



	For the six months ended June 30,
In thousands of U.S. dollars	2019			2018
Pool revenue⁽¹⁾
Scorpio LR2 Pool Limited	$	131,945		$	90,689
Scorpio MR Pool Limited	123,427			117,172
Scorpio Handymax Tanker Pool Limited	51,916			41,803
Scorpio LR1 Pool Limited	35,130			22,721
Voyage expenses⁽²⁾	(192		)	(805		)
Vessel operating costs⁽³⁾	(15,908		)	(17,044		)
Administrative expenses⁽⁴⁾	(6,315		)	(6,290		)

(1)


(2)	Related party expenditures included within voyage expenses in the unaudited condensed consolidated statements of income or loss consist of the following:

◦


•	No voyage expenses were charged by a related party port agent during the six months ended June 30, 2019. Voyage expenses of $25,747 were charged by a related party port agent during the six months ended June 30, 2018. SSH has a majority equity interest in a port agent that provides supply and logistical services for vessels operating in its regions.


(3)	Related party expenditures included within vessel operating costs in the unaudited condensed consolidated statements of income or loss consist of the following:

•


•	Vessel operating expenses of $0.9 million and $0.3 million charged by a related party port agent during the six months ended June 30, 2019 and 2018, respectively. SSH has a majority equity interest in a port agent that provides supply and logistical services for vessels operating in its regions.

(4)

•


•	The expense for the six months ended June 30, 2018 of $6.3 million included (i) administrative fees of $5.5 million charged by SSH, (ii) restricted stock amortization of $0.8 million, which relates to the issuance of an aggregate of 114,400 shares of restricted stock to SSH employees for no cash consideration pursuant to the Plan, and (iii) the reimbursement of expenses of $23,848.

We had the following balances with related party affiliates, which have been included in the unaudited condensed consolidated balance sheets:



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Assets:
Accounts receivable (due from the Scorpio Pools) ⁽¹⁾	$	52,200	$	66,178
Accounts receivable and prepaid expenses (SSM) ⁽²⁾	2,712		2,461
Accounts receivable and prepaid expenses (SCM)⁽³⁾	1,220		2,511
Other assets (pool working capital contributions) ⁽⁴⁾	45,694		42,973
Liabilities:
Accounts payable and accrued expenses (SSM) ⁽⁵⁾	3,956		832
Accounts payable and accrued expenses (owed to the Scorpio Pools)	605		66
Accounts payable and accrued expenses (SSH)	360		409
Accounts payable and accrued expenses (related party port agent)	351		459
Accounts payable and accrued expenses (SCM)	83		389

Segment reporting (Tables)

6 Months Ended

Jun. 30, 2019

Operating Segments [Abstract]

Disclosure of operating segments

Information about our reportable segments for the six months ended June 30, 2019 and 2018 is as follows:

For the six months ended June 30, 2019



In thousands of U.S. dollars	LR1			Handymax			LR2			MR			Reportable segments subtotal			Corporate and eliminations			Total
Vessel revenue	$	35,177		$	55,176		$	132,856		$	123,426		$	346,635		$	—		$	346,635
Vessel operating costs	(13,851		)	(23,717		)	(46,411		)	(54,173		)	(138,152		)	—			(138,152		)
Voyage expenses	(24		)	(1,164		)	(206		)	(228		)	(1,622		)	—			(1,622		)
Charterhire	—			(4,256		)	271			(414		)	(4,399		)	—			(4,399		)
Depreciation - owned or finance leased vessels	(9,598		)	(9,044		)	(36,270		)	(33,271		)	(88,183		)	—			(88,183		)
Depreciation - right of use assets	—			(3,929		)	—			(4,101		)	(8,030		)	—			(8,030		)
General and administrative expenses	(583		)	(1,039		)	(1,857		)	(2,310		)	(5,789		)	(25,451		)	(31,240		)
Financial expenses	—			—			—			—			—			(96,083		)	(96,083		)
Financial income	107			11			22			264			404			5,439			5,843
Other expenses, net	—			—			—			—			—			(13		)	(13		)
Segment income or loss	$	11,228		$	12,038		$	48,405		$	29,193		$	100,864		$	(116,108	)	$	(15,244	)

For the six months ended June 30, 2018



In thousands of U.S. dollars	LR1			Handymax			LR2			MR			Reportable segments subtotal			Corporate and eliminations			Total

Vessel revenue	$	23,611		$	48,237		$	100,066		$	126,327		$	298,241		$	—		$	298,241
Vessel operating costs	(14,781		)	(24,163		)	(45,736		)	(55,224		)	(139,904		)	—			(139,904		)
Voyage expenses	(573		)	(235		)	(2,966		)	(598		)	(4,372		)	—			(4,372		)
Charterhire	—			(10,308		)	(4,652		)	(20,209		)	(35,169		)	—			(35,169		)
Depreciation	(9,565		)	(9,020		)	(36,010		)	(32,952		)	(87,547		)	—			(87,547		)
General and administrative expenses	(593		)	(1,116		)	(1,924		)	(2,430		)	(6,063		)	(20,909		)	(26,972		)
Merger transaction related costs	—			—			—			—			—			(271		)	(271		)
Financial expenses	—			—			—			—			—			(88,367		)	(88,367		)
Loss on exchange of convertible senior notes	—			—			—			—			—			(16,968		)	(16,968		)
Financial income	39			8			10			255			312			418			730
Other expenses, net	—			(46		)	—			—			(46		)	(50		)	(96		)
Segment income or loss	$	(1,862	)	$	3,357		$	8,788		$	15,169		$	25,452		$	(126,147	)	$	(100,695	)

Vessel revenue (Tables)

6 Months Ended

Jun. 30, 2019

Analysis of income and expense [abstract]

Revenue Sources



	For the six months ended June 30,
In thousands of U.S. dollars	2019		2018
Pool revenue	$	342,505	$	272,436
Time charter revenue	2,551		18,558
Voyage revenue (spot market)	1,579		7,247
	$	346,635	$	298,241

Crewing costs (Tables)

6 Months Ended

Jun. 30, 2019

Crewing cost [Abstract]

Crewing cost [Table Text Block]

The following table depicts the components of our crew expenses, including crew benefits, during the six months ended June 30, 2019 and 2018, respectively.



	For the six months ended June 30,
In thousands of US dollars	2019		2018
Short term crew benefits (i.e. wages, victualing, insurance)	$	74,854	$	75,807
Other crew related costs	9,145		9,770
	83,999		85,577

Operating Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases 1 [Abstract]

explanation of difference between operating lease commitments disclosed applying IAS 17 and lease liabilities recognized at date of initial application of IFRS 16 [Table Text Block]

The following table bridges operating lease commitments at December 31, 2018 to IFRS 16 lease liabilities at January 1, 2019



In thousands of U.S. dollars
Operating leases commitments disclosed at December 31, 2018	$	65,439
Discounting effect relating to the lease liability recorded upon transition to IFRS 16	(10,120		)
Less: leases with terms of less than 12 months at the date of transition to IFRS 16, which were recognized as charterhire expense during the six months ended June 30, 2019.	(4,605		)
IFRS 16 - lease liabilities recognized at January 1, 2019	$	50,714
Of which are:
IFRS 16 - current lease liabilities	$	6,523
IFRS 16 - non-current lease liabilities	$	44,191

Lease and non lease components [Table Text Block]



	For the six months ended June 30,
In thousands of U.S. dollars	2019		2018
Lease component of revenue from time charter-out and pool revenue	$	191,523	$	140,183
Non-lease component of revenue from time charter-out and pool revenue	153,533		150,810
	$	345,056	$	290,993

Terms of time chartered-out vessels [Table Text Block]

The following table summarizes the terms of our time chartered-out vessels that were in place during the six months ended June 30, 2019.



	Name	Year built	Type	Delivery Date to the Charterer	Charter Expiration	Rate ($/ day)
1	STI Pimlico	2014	Handymax	February-16	March-19	$	18,000
2	STI Poplar	2014	Handymax	January-16	February-19	$	18,000
3	STI Rose	2015	LR2	February-16	February-19	$	28,000

Schedule of operating leases and future minimum lease payments

he obligations under these agreements will be repaid as follows:



	As of
In thousands of U.S. dollars	June 30, 2019
Less than 1 year	$	24,066
1 - 5 years	45,395
5+ years	8,200
Total	$	77,661
Discounting effect	9,589
Lease liability	$	68,072

Bareboat Chartered-In Vessels

The following table depicts our time or bareboat chartered-in vessel commitments during the six months ended June 30, 2019:

Name

Year built

Vessel class

Charter type

Delivery⁽¹⁾

Charter Expiration

Rate ($/ day)

Active as of June 30, 2019

Silent

2007

Handymax

Bareboat

March-19

March-20

6,300

⁽²⁾

Single

2007

Handymax

Bareboat

March-19

March-20

6,300

⁽²⁾

Star I

2007

Handymax

Bareboat

March-19

March-20

6,300

⁽²⁾

Steel

2008

Handymax

Bareboat

March-19

March-21

6,300

⁽³⁾

Sky

2008

Handymax

Bareboat

March-19

March-21

6,300

⁽³⁾

Stone I

2008

Handymax

Bareboat

March-19

March-21

6,300

⁽³⁾

Style

2008

Handymax

Bareboat

March-19

March-21

6,300

⁽³⁾

STI Beryl

2013

Bareboat

April-17

April-25

8,800

⁽⁴⁾

STI Le Rocher

2013

Bareboat

April-17

April-25

8,800

⁽⁴⁾

STI Larvotto

2013

Bareboat

April-17

April-25

8,800

⁽⁴⁾



(1)	Represents delivery date or estimated delivery date.
(2)	In March 2019, we entered into a new bareboat charter-in agreement on a previously bareboat chartered-in vessel. The term of the agreement is for one year at a bareboat rate of $6,300 per day.
(3)	In March 2019, we entered into a new bareboat charter-in agreement on a previously bareboat chartered-in vessel. The term of the agreement is for two years at a bareboat rate of $6,300 per day.
(4)	In April 2017, we sold and leased back this vessel, on a bareboat basis, for a period of up to eight years for $8,800 per day. The sales price was $29.0 million, and we have the option to purchase this vessel beginning at the end of the fifth year of the agreement through the end of the eighth year of the agreement, at market-based prices. Additionally, a deposit of $4.35 million per vessel was retained by the buyer and will either be applied to the purchase price of each vessel if a purchase option is exercised, or refunded to us at the expiration of the agreement.

Time charter that expired during the six months ended June 30, 2019



Name	Year built	Vessel class	Delivery	Charter Expiration	Rate ($/ day)
Miss Benedetta	2012	MR	Mar-18	Jan-19	14,000

Schedule of operating leases by lessor



	As of
In thousands of U.S. dollars	June 30, 2019		December 31, 2018
Less than 1 year	$	—	$	2,581
1 - 5 years	—		—
5+ years	—		—
Total	$	—	$	2,581

Disclosure of quantitative information about right-of-use assets [text block]

The following is the activity of the Right of use assets starting with the recognition of the assets on January 1, 2019 through June 30, 2019:



In thousands of U.S. dollars	Vessels		Drydock ⁽²⁾		Total
As of January 1, 2019	48,466		2,635		51,101
Additions⁽¹⁾	24,195		—		24,195
Depreciation - right of use assets	(7,736	)	(294	)	(8,030	)
As of June 30, 2019	64,925		2,341		67,266


⁽¹⁾	Additions relate to seven vessels that commenced bareboat charter-in arrangements in March 2019 for $6,300 per day.

⁽²⁾



In thousands of U.S. dollars	Six months ended June 30, 2019
Amounts recognized in unaudited condensed consolidated statements of income or loss	Six months ended June 30, 2019
Interest expense on IFRS 16 - lease liabilities	$	1,776

Amount recognized in unaudited condensed consolidated cash flow statements
Principal repayments on IFRS 16 - lease liabilities	$	7,129

The following is the activity of the Right of use assets starting with the recognition of the assets on January 1, 2019 through June 30, 2019:



In thousands of U.S. dollars	Vessels		Drydock ⁽²⁾		Total
As of January 1, 2019	48,466		2,635		51,101
Additions⁽¹⁾	24,195		—		24,195
Depreciation - right of use assets	(7,736	)	(294	)	(8,030	)
As of June 30, 2019	64,925		2,341		67,266

Financial expenses (Tables)

6 Months Ended

Jun. 30, 2019

Analysis of income and expense [abstract]

Schedule of Financial Expenses

The table below details the dividends declared during the six months ended June 30, 2019 and the corresponding effect to the conversion rate of the Convertible Senior Notes due 2019.

The table below details the dividends declared during the six months ended June 30, 2019 and the corresponding effect to the conversion rate of the Convertible Senior Notes due 2022:



Record Date	Dividends per share		Share Adjusted Conversion Rate⁽¹⁾
March 13, 2019	$	0.10	25.4799
June 5, 2019	$	0.10	25.5767

⁽¹⁾Per $1,000 principal amount of the Convertible Senior Notes due 2022.

The following is a roll forward of the activity within debt (current and non-current), by facility, for the six months ended June 30, 2019:



			Activity										Balance as of June 30, 2019 consists of:
In thousands of U.S. dollars	Carrying Value as of December 31, 2018		Drawdowns		Repayments			Other Activity⁽¹⁾			Carrying Value as of June 30, 2019		Current		Non-Current
KEXIM Credit Facility	$	299,300	$	—	$	(16,825	)	$	—		$	282,475	$	33,650	$	248,825
ABN AMRO Credit Facility	100,508		—		(4,278		)	—			96,230		8,553		87,677
ING Credit Facility	144,176		—		(6,368		)	—			137,808		12,738		125,070
2018 NIBC Credit Facility	34,851		—		(1,617		)	—			33,234		3,230		30,004
2017 Credit Facility	144,765		—		(6,632		)	—			138,133		13,266		124,867
Credit Agricole Credit Facility	96,211		—		(4,283		)	416			92,344		7,768		84,576
ABN / K-Sure Credit Facility	46,832		—		(1,925		)	376			45,283		3,123		42,160
Citibank / K-Sure Credit Facility	97,609		—		(4,208		)	957			94,358		6,564		87,794
ABN / SEB Credit Facility	114,825		—		(5,750		)	—			109,075		11,500		97,575
Ocean Yield Lease Financing	158,757		—		(5,246		)	97			153,608		10,696		142,912
CMBFL Lease Financing	61,198		—		(2,454		)	93			58,837		4,729		54,108
BCFL Lease Financing (LR2s)	97,454		—		(3,737		)	289			94,006		7,434		86,572
CSSC Lease Financing	251,832		—		(8,655		)	(401		)	242,776		18,088		224,688
BCFL Lease Financing (MRs)	98,831		—		(5,408		)	—			93,423		11,391		82,032
2018 CMBFL Lease Financing	136,543		—		(5,058		)	—			131,485		10,113		121,372
$116.0 Million Lease Financing	112,674		—		(3,243		)	—			109,431		6,892		102,539
AVIC Lease Financing	139,103		—		(5,896		)	—			133,207		11,794		121,413
China Huarong Lease Financing	137,250		—		(6,750		)	—			130,500		13,500		117,000
$157.5 Million Lease Financing	152,086		—		(7,072		)	—			145,014		14,142		130,872
COSCO Lease Financing	84,150		—		(3,850		)	—			80,300		7,700		72,600
IFRS 16 - Leases - Three MR	—		50,715		(3,345		)	293			47,663		7,046		40,617
IFRS 16 - Leases - Seven Handymax	—		24,194		(3,784		)	—			20,410		13,662		6,748



Unsecured Senior Notes Due 2020	53,750			—			—			—		53,750			53,750			—
Unsecured Senior Notes Due 2019	57,500			—			(57,500		)	—		—			—			—
Convertible Senior Notes due 2019	142,180			—			(2,266		)	2,794		142,708			142,708			—
Convertible Senior Notes due 2022	171,469			—			—			4,201		175,670			—			175,670
	$	2,933,854		$	74,909		$	(176,150	)	$	9,115	$	2,841,728		$	434,037		$	2,407,691
Less: deferred financing fees	(23,539		)	(107		)	—			4,363		(19,283		)	(2,097		)	(17,186		)
Total	$	2,910,315		$	74,802		$	(176,150	)	$	13,478	$	2,822,445		$	431,940		$	2,390,505


⁽¹⁾	Relates to non-cash accretion or amortization of (i) debt or lease obligations assumed as part of the merger with Navig8 Product Tankers Inc., which were recorded at fair value on the closing dates, (ii) accretion of our Convertible Senior Notes due 2019 and Convertible Senior Notes due 2022 and (iii) amortization and write-offs of deferred financing fees.

The following table depicts the components of financial expenses for the six months ended June 30, 2019:



	For the six months ended June 30,
In thousands of U.S. dollars	2019		2018
Interest expense on debt ⁽¹⁾	$	82,898	$	66,797
Accretion of Convertible Senior Notes due 2019 and 2022	6,995		6,435
Amortization of deferred financing fees	4,088		6,191
Accretion of premiums and discounts on assumed debt⁽²⁾	1,827		1,909
Write-off of deferred financing fees ⁽³⁾	275		7,035
Total financial expenses	$	96,083	$	88,367

(Loss) / earnings per share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings per share [abstract]

Schedule of basic and diluted (loss) / earnings per share

The calculation of both basic and diluted loss per share is based on net loss attributable to equity holders of the parent and weighted average outstanding shares of:



	For the six months ended June 30,
In thousands of U.S. dollars except for share data	2019			2018
Net loss attributable to equity holders of the parent - basic	$	(15,244	)	$	(100,695	)
Convertible Senior Notes interest expense	—			—
Convertible Senior Notes deferred financing amortization	—			—
Net loss attributable to equity holders of the parent - diluted	$	(15,244	)	$	(100,695	)

Basic weighted average number of shares	48,109,924			30,891,470
Effect of dilutive potential basic shares:
Restricted stock	—			—
Convertible Senior Notes	—			—
	—			—
Diluted weighted average number of shares	48,109,924			30,891,470

Loss Per Share:
Basic	$	(0.32	)	$	(3.26	)
Diluted	$	(0.32	)	$	(3.26	)

Financial instruments - financial and other risks (Tables)

6 Months Ended

Jun. 30, 2019

Financial Instruments [Abstract]

Fair Values and Carrying Values of Financial Liabilities

The fair values and carrying values of our financial instruments at June 30, 2019 and December 31, 2018, respectively, are shown in the table below.

Categories of Financial Instruments



	As of June 30, 2019				As of December 31, 2018
Amounts in thousands of U.S. dollars	Fair value		Carrying Value		Fair value		Carrying Value
Financial assets
Cash and cash equivalents⁽¹⁾	$	467,219	$	467,219	$	593,652	$	593,652
Restricted cash ⁽²⁾	12,294		12,294		12,285		12,285
Accounts receivable ⁽³⁾	56,469		56,469		69,718		69,718
Investment in BWTS supplier ⁽⁴⁾	1,751		1,751		1,751		1,751
Working capital contributions to Scorpio Pools ⁽⁵⁾	45,694		45,694		42,973		42,973
Seller's credit on sale leaseback vessels ⁽⁶⁾	9,352		9,352		9,087		9,087

Financial liabilities
Accounts payable ⁽⁷⁾	$	15,354	$	15,354	$	11,865	$	11,865
Accrued expenses ⁽⁷⁾	29,175		29,175		22,972		22,972
Secured bank loans ⁽⁸⁾	1,018,638		1,018,638		1,066,452		1,066,452
Finance lease liability⁽⁹⁾	1,363,932		1,363,932		1,420,381		1,420,381
Unsecured Senior Notes Due 2020⁽¹⁰⁾	54,524		53,750		52,584		53,750
Unsecured Senior Notes Due 2019 ⁽¹⁰⁾	—		—		58,029		57,500
Convertible Senior Notes due 2019⁽¹¹⁾	142,708		142,708		140,267		145,000
Convertible Senior Notes due 2022 ⁽¹¹⁾	210,865		203,500		163,842		203,500
IFRS 16 - Lease liabilities ⁽¹²⁾	68,072		68,072		—		—


(1)	Cash and cash equivalents are considered Level 1 items as they represent liquid assets with short-term maturities.


(2)	Restricted cash are considered Level 1 items due to the liquid nature of these assets.


(3)	We consider that the carrying amount of accounts receivable approximate their fair value due to the relative short maturity of these instruments.

(4)


(7)	We consider that the carrying amounts of accounts payable and accrued expenses approximate the fair value due to the relative short maturity of these instruments.

(8)

(9)

Fair Values and Carrying Values of Financial Assets

The fair values and carrying values of our financial instruments at June 30, 2019 and December 31, 2018, respectively, are shown in the table below.

Categories of Financial Instruments



	As of June 30, 2019				As of December 31, 2018
Amounts in thousands of U.S. dollars	Fair value		Carrying Value		Fair value		Carrying Value
Financial assets
Cash and cash equivalents⁽¹⁾	$	467,219	$	467,219	$	593,652	$	593,652
Restricted cash ⁽²⁾	12,294		12,294		12,285		12,285
Accounts receivable ⁽³⁾	56,469		56,469		69,718		69,718
Investment in BWTS supplier ⁽⁴⁾	1,751		1,751		1,751		1,751
Working capital contributions to Scorpio Pools ⁽⁵⁾	45,694		45,694		42,973		42,973
Seller's credit on sale leaseback vessels ⁽⁶⁾	9,352		9,352		9,087		9,087

Financial liabilities
Accounts payable ⁽⁷⁾	$	15,354	$	15,354	$	11,865	$	11,865
Accrued expenses ⁽⁷⁾	29,175		29,175		22,972		22,972
Secured bank loans ⁽⁸⁾	1,018,638		1,018,638		1,066,452		1,066,452
Finance lease liability⁽⁹⁾	1,363,932		1,363,932		1,420,381		1,420,381
Unsecured Senior Notes Due 2020⁽¹⁰⁾	54,524		53,750		52,584		53,750
Unsecured Senior Notes Due 2019 ⁽¹⁰⁾	—		—		58,029		57,500
Convertible Senior Notes due 2019⁽¹¹⁾	142,708		142,708		140,267		145,000
Convertible Senior Notes due 2022 ⁽¹¹⁾	210,865		203,500		163,842		203,500
IFRS 16 - Lease liabilities ⁽¹²⁾	68,072		68,072		—		—


(1)	Cash and cash equivalents are considered Level 1 items as they represent liquid assets with short-term maturities.


(2)	Restricted cash are considered Level 1 items due to the liquid nature of these assets.


(3)	We consider that the carrying amount of accounts receivable approximate their fair value due to the relative short maturity of these instruments.

(4)


(7)	We consider that the carrying amounts of accounts payable and accrued expenses approximate the fair value due to the relative short maturity of these instruments.

(8)

(9)

General information and significant accounting policies - Narrative (Details)	6 Months Ended
	Jun. 30, 2019 vessel	Dec. 31, 2017
Disclosure of detailed information about property, plant and equipment [line items]
Variability of lease revenue	100.00%
Number of vessels	109
Property, plant and equipment not subject to operating leases [member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	109
Handymax [Member] \| Property, plant and equipment not subject to operating leases [member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	14
MR [Member] \| Property, plant and equipment not subject to operating leases [member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	45
LR1 [Member] \| Property, plant and equipment not subject to operating leases [member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	12
LR2 [Member] \| Property, plant and equipment not subject to operating leases [member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	38
Retained earnings [member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Vessels Operating in the Spot Market		2
Propert, plant and equipment subject to IFRS Lease Liability [Member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	10
Propert, plant and equipment subject to IFRS Lease Liability [Member] \| Handymax [Member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	7
Propert, plant and equipment subject to IFRS Lease Liability [Member] \| MR [Member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels	3

General information and significant accounting policies Adoption of New and Amended International Financial Reporting Standards (IFRS) (Details)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jan. 01, 2018

USD ($)

^[1]

Mar. 31, 2019

Jun. 30, 2019

USD ($)

Jun. 30, 2018

USD ($)

^[2]

Dec. 31, 2017

USD ($)

Jan. 01, 2019

USD ($)

Dec. 31, 2018

USD ($)

Disclosure of expected impact of initial application of new standards or interpretations [line items]

Equity Adjusted For Cumulative Effect Of New Accounting Principle In Period Of Adoption

$ (2,249)

$ 4

Variability of lease revenue

100.00%

Number of bareboat chartered-in vessels one year

Right-of-use assets

$ 67,266

$ 51,101

$ 0

Lease liabilities

68,072

50,700

Accumulated deficit

Disclosure of expected impact of initial application of new standards or interpretations [line items]

Number of Vessels Operating in the Spot Market

Equity Adjusted For Cumulative Effect Of New Accounting Principle In Period Of Adoption

(2,249)

^[1]

$ 4

Vessels [member]

Disclosure of expected impact of initial application of new standards or interpretations [line items]

Right-of-use assets

$ 64,925

$ 48,466

[1]	Reflects the impact of the adoption of IFRS 16 - Leases, which was effective for annual periods beginning on January 1, 2019. Refer to Note 1 for further discussion.
[2]	Reflects the impact of the adoption of IFRS 15 - Revenue from Contracts with Customers, which was effective for annual periods beginning on January 1, 2018. Refer to Note 1 for further discussion.

Prepaid expenses and other assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Disclosure of transactions between related parties [line items]
Prepaid expenses from related parties	$ 2,712	$ 2,461
Prepaid interest	6,535	6,870
Prepaid insurance	4,373	4,449
Third party - prepaid vessel operating expenses	651	712
Other prepaid expenses	1,574	1,179
Current prepayments and other current assets	15,845	15,671
SSM [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
SSM - prepaid vessel operating expenses	$ 2,712	$ 2,461

Accounts receivable - Summary of Accounts Receivable (Details) - USD ($)		6 Months Ended	12 Months Ended
	Sep. 01, 2018	Jun. 30, 2019	Dec. 31, 2018
Disclosure of transactions between related parties [line items]
Insurance receivables		$ 1,499,000	$ 204,000
Freight and time charter receivables		237,000	22,000
Other receivables		1,241,000	786,000
Accounts receivable		56,469,000	69,718,000
Navig8 Group Pools [Member]
Disclosure of transactions between related parties [line items]
Freight and time charter receivables		72,000	17,000
Other related parties [member]
Disclosure of transactions between related parties [line items]
Related party receivables		53,420,000	68,689,000
Other related parties [member] \| Scorpio MR Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Related party receivables		30,800,000	33,288,000
Other related parties [member] \| Scorpio LR2 Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Related party receivables		13,720,000	24,563,000
Other related parties [member] \| Scorpio LR1 Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Related party receivables		3,895,000	3,705,000
Other related parties [member] \| Scorpio Handymax Tanker Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Related party receivables		3,785,000	4,559,000
Other related parties [member] \| Scorpio Aframax Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Related party receivables		0	63,000
Other related parties [member] \| Scorpio Commercial Management SAM (SCM) [Member]
Disclosure of transactions between related parties [line items]
Related party receivables		1,220,000	2,511,000
Commission on gross revenue, per charter fixture	0.85%
Impairment loss recognised in profit or loss, trade receivables		$ 0	$ 0

Vessels - Operating vessels and drydock rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019 USD ($)
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	$ 3,997,789
Property, plant and equipment	3,955,446
Cost [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	4,555,454
Additions	45,840
Property, plant and equipment	4,601,294
Accumulated depreciation and impairment [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(557,665)
Charge for the period	(88,183)
Property, plant and equipment	(645,848)
Vessels [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	3,962,659
Property, plant and equipment	3,918,712
Vessels [member] \| Cost [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	4,469,102
Additions	35,279
Property, plant and equipment	4,504,381
Vessels [member] \| Accumulated depreciation and impairment [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(506,443)
Charge for the period	(79,226)
Property, plant and equipment	(585,669)
Drydock [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	35,130
Property, plant and equipment	36,734
Drydock [Member] \| Cost [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	86,352
Additions	10,561
Property, plant and equipment	96,913
Drydock [Member] \| Accumulated depreciation and impairment [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment	(51,222)
Charge for the period	(8,957)
Property, plant and equipment	$ (60,179)

Vessels - Summary of cost capitalized during the period (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Disclosure of detailed information about property, plant and equipment [line items]
Interest Capitalized	$ 1,300
Drydock [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Drydock Expenses	9,511
Notional of component of scrubber cost	1,050
Total drydock cost	10,561
Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber Cost	22,975
BWTS cost	7,327
Other equipment cost	3,725
Interest Capitalized	1,252	$ 200
Vessel additions	35,279
Handymax [Member] \| Drydock [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Drydock Expenses	2,746
Notional of component of scrubber cost	0
Total drydock cost	2,746
Handymax [Member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber Cost	0
BWTS cost	4,091
Other equipment cost	584
Interest Capitalized	136
Vessel additions	4,811
MR [Member] \| Drydock [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Drydock Expenses	5,901
Notional of component of scrubber cost	450
Total drydock cost	6,351
MR [Member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber Cost	10,604
BWTS cost	2,975
Other equipment cost	1,495
Interest Capitalized	485
Vessel additions	15,559
LR1 [Member] \| Drydock [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Drydock Expenses	0
Notional of component of scrubber cost	0
Total drydock cost	0
LR1 [Member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber Cost	319
BWTS cost	0
Other equipment cost	296
Interest Capitalized	67
Vessel additions	682
LR2 [Member] \| Drydock [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Drydock Expenses	864
Notional of component of scrubber cost	600
Total drydock cost	1,464
LR2 [Member] \| Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Scrubber Cost	12,052
BWTS cost	261
Other equipment cost	1,350
Interest Capitalized	564
Vessel additions	$ 14,227

Vessels - Expected future purchase commitment payments (Details) - Ballast Water Treatment Systems and Scrubbers [Member] $ in Thousands	Dec. 31, 2018 USD ($)
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	$ 121,687
Less than 1 month [member]
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	24,059
1-3 months [member]
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	29,146
3 months to 1 year [member]
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	55,838
1 - 5 years [member]
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	12,644
Later than five years [member]
Disclosure of detailed information about property, plant and equipment [line items]
Contractual commitments for acquisition of property, plant and equipment	$ 0

Vessels - Carrying value of vessels (Details)	6 Months Ended
Vessels - Carrying value of vessels (Details)	Jun. 30, 2019 USD ($)
Carrying value of assets [Abstract]
Growth rate in freight rates	2.33%
Discount rate used	7.54%
Number of vessels	109
Impairment loss	$ 0
Percentage increase in discount rate used in sensitivity analysis	1.00%
Impact on impairment loss with 5% decrease in forecasted time charter rates	5.00%
Impairment from increase in discount rate and decrease in forecasted time charter rate	$ 0

Vessels - Narrative (Details) $ in Millions	1 Months Ended	4 Months Ended	6 Months Ended
Vessels - Narrative (Details) $ in Millions	Jul. 31, 2018 USD ($) equipment	Nov. 30, 2018 USD ($) tanker	Jun. 30, 2019 USD ($) tanker
Disclosure of detailed information about property, plant and equipment [line items]
Sensitivity Analysis, Decrease In Time Charter Rates For Assets With Significant Risk Of Material Adjustments, Impact On Impairment Loss			5.00%
Growth rate in freight rates			2.33%
Discount rate used			7.54%
Number of vessels			109
Interest Capitalized			$ 1.3
Capitalisation rate of borrowing costs eligible for capitalisation			6.47%
Percentage of equipment cost estimated to require replacement value of vessel			0.00%
Ballast Water Treatment Systems [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Equipment \| equipment	55
Total Consideration to Acquire Property, Plant, and Equipment	$ 36.2
Ships to be installed with scrubbers [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels \| tanker		77
Exhaust Gas cleaning System [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Total Consideration to Acquire Property, Plant, and Equipment		$ 116.1
Option exercised [Member] \| Exhaust Gas cleaning System [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of vessels \| tanker			14
Total Consideration to Acquire Property, Plant, and Equipment		$ 20.3	$ 20.3

Other non-current assets (Details) $ in Thousands	1 Months Ended	4 Months Ended	6 Months Ended
Other non-current assets (Details) $ in Thousands	Jul. 31, 2018 USD ($) equipment	Nov. 30, 2018 USD ($) tanker	Jun. 30, 2019 USD ($) tanker	Jun. 30, 2018 USD ($)	Jan. 01, 2019 USD ($)	Dec. 31, 2018 USD ($)
Disclosure Of Other Non-Current Assets [Line Items]
Deferred drydock costs on bareboat chartered-in vessels(6)			$ 0			$ 2,813
Other non-current assets			$ 97,233			75,210
Number of vessels			109
Sellers credit on lease financed vessels			$ 9,352			9,087
Right-of-use assets			$ 67,266		$ 51,101	0
Scorpio Handymax Tanker Pool Limited [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Working capital repayment period upon vessel's exit from each pool			6 months
Other related parties [member] \| Scorpio LR2 Pool Limited [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Non-current receivables due from related parties			$ 32,300			31,450
Other related parties [member] \| Scorpio Handymax Tanker Pool Limited [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Non-current receivables due from related parties			$ 6,794			4,923
Working capital repayment period upon vessel's exit from each pool			6 months
Other related parties [member] \| Scorpio LR1 Pool Limited [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Non-current receivables due from related parties			$ 6,600			6,600
Other related parties [member] \| Scorpio Pools [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Non-current receivables due from related parties			45,694			42,973
Exhaust Gas cleaning System [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Deposits on property, plant and equipment			25,080			12,221
Payments to acquire property, plant, and equipment		$ 116,100
Vessels [member]
Disclosure Of Other Non-Current Assets [Line Items]
Number of scrubbers \| tanker		77
Right-of-use assets			64,925		48,466
Ballast Water Treatment Systems [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Deposits on property, plant and equipment			15,356			6,365
Payments to acquire property, plant, and equipment	$ 36,200
Number of equipment \| equipment	55
Deposits for purchase of property, plant, and equipment and minority interest			10,200
Aggregate difference in investment fair value between put and call option exercise prices			600
Drydock [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Right-of-use assets			2,341		$ 2,635
STI Beryl, STI Le Rocher, STI Larvotto [Member] \| Vessels [member]
Disclosure Of Other Non-Current Assets [Line Items]
Sale leaseback transaction, aggregate amount			13,100			13,100
Sale leaseback transaction, deposit per vessel			4,350			4,350
Accretion of lease financed vessels			300	$ 300
Third Party Supplier [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities	$ 1,800		$ 1,800
Period after investment acquired for which put option is exercisable			1 year
Period after investment acquired for which call option is exercisable			2 years
Third Party Supplier [Member] \| Ballast Water Treatment Systems [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Investment in ballast water treatment system supplier			$ 1,751			$ 1,751
Option exercised [Member] \| Exhaust Gas cleaning System [Member]
Disclosure Of Other Non-Current Assets [Line Items]
Number of vessels \| tanker			14
Payments to acquire property, plant, and equipment		$ 20,300	$ 20,300

Accounts payable (Details) - USD ($)	6 Months Ended
Accounts payable (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Accounts Payable
Accounts payable settlement days	90 days
Interest charged on accounts payable	$ 0
Change in amounts due to suppliers for drydock, scrubber installation or ballast water treatment installation	2,300,000
Suppliers	10,487,000	$ 10,395,000
Accounts payable	15,354,000	11,865,000
Other related parties [member]
Accounts Payable
Related party payables	4,867,000	1,470,000
Other related parties [member] \| SSM [Member]
Accounts Payable
Related party payables	3,868,000	545,000
Other related parties [member] \| Scorpio Services Holding Limited (SSH) [Member]
Accounts Payable
Related party payables	360,000	409,000
Other related parties [member] \| Scorpio Commercial Management SAM (SCM) [Member]
Accounts Payable
Related party payables	81,000	389,000
Other related parties [member] \| Port Agent [Member]
Accounts Payable
Related party payables	20,000	62,000
Other related parties [member] \| Scorpio LR1 Pool Limited [Member]
Accounts Payable
Related party payables	131,000	51,000
Other related parties [member] \| Scorpio Handymax Tanker Pool Limited [Member]
Accounts Payable
Related party payables	384,000	12,000
Other related parties [member] \| Scorpio LR2 Pool Limited [Member]
Accounts Payable
Related party payables	$ 23,000	$ 2,000

Accrued expenses (Details) - USD ($) $ in Thousands	6 Months Ended
Accrued expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Disclosure of transactions between related parties [line items]
Change in accrued expenses due to suppliers for drydock, scrubber installation or BWTS	$ 5,700
Suppliers	12,854	$ 9,147
Accrued interest	9,401	9,202
Accrued short-term employee benefits	6,102	2,430
Other accrued expenses	331	1,508
Accrued expenses	29,175	22,972
Other related parties [member]
Disclosure of transactions between related parties [line items]
Related party expenses	487	685
Other related parties [member] \| Port Agent [Member]
Disclosure of transactions between related parties [line items]
Related party expenses	331	398
Other related parties [member] \| SSM [Member]
Disclosure of transactions between related parties [line items]
Related party expenses	88	287
Other related parties [member] \| Scorpio MR Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Related party expenses	54	0
Other related parties [member] \| Scorpio LR1 Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Related party expenses	8	0
Other related parties [member] \| Scorpio LR2 Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Related party expenses	3	0
Other related parties [member] \| Scorpio Commercial Management SAM (SCM) [Member]
Disclosure of transactions between related parties [line items]
Related party expenses	2	0
Other related parties [member] \| Scorpio Handymax Tanker Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Related party expenses	$ 1	$ 0

Current and long-term debt - Schedule of debt rollforward by facility (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Jul. 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Disclosure of detailed information about borrowings [line items]
Interest expense on borrowings		$ 82,898	$ 66,797
Expense Due to Accretion of Convertible Notes		6,995	6,435
Reconciliation Of Changes In Borrowings [Roll Forward]
Drawdowns		0	142,025
Repayments		(166,755)	$ (167,491)
Long-term debt		1,094,910		$ 1,192,000
Convertible Senior Notes Due 2019 [Member]
Disclosure of detailed information about borrowings [line items]
Interest expense on borrowings		1,700
Expense Due to Accretion of Convertible Notes		2,800
Reconciliation Of Changes In Borrowings [Roll Forward]
Repayments	$ (142,700)
Convertible Notes due 2022 [Member]
Disclosure of detailed information about borrowings [line items]
Interest expense on borrowings		3,100
Expense Due to Accretion of Convertible Notes		4,200
Gross carrying amount [member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	2,841,728	2,933,854
Drawdowns		74,909
Repayments		(176,150)
Other Activity		9,115
Carrying Value as of June 30, 2019		2,841,728
Current portion of long-term debt		434,037
Long-term debt		2,407,691
Gross carrying amount [member] \| KEXIM Credit Facility [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	282,475	299,300
Drawdowns		0
Repayments		(16,825)
Other Activity		0
Carrying Value as of June 30, 2019		282,475
Current portion of long-term debt		33,650
Long-term debt		248,825
Gross carrying amount [member] \| ABN AMRO Credit Facility [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	96,230	100,508
Drawdowns		0
Repayments		(4,278)
Other Activity		0
Carrying Value as of June 30, 2019		96,230
Current portion of long-term debt		8,553
Long-term debt		87,677
Gross carrying amount [member] \| ING Credit Facility [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	137,808	144,176
Drawdowns		0
Repayments		(6,368)
Other Activity		0
Carrying Value as of June 30, 2019		137,808
Current portion of long-term debt		12,738
Long-term debt		125,070
Gross carrying amount [member] \| 2018 NIBC Credit Facility [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	33,234	34,851
Drawdowns		0
Repayments		(1,617)
Other Activity		0
Carrying Value as of June 30, 2019		33,234
Current portion of long-term debt		3,230
Long-term debt		30,004
Gross carrying amount [member] \| 2017 Credit Facility [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	138,133	144,765
Drawdowns		0
Repayments		(6,632)
Other Activity		0
Carrying Value as of June 30, 2019		138,133
Current portion of long-term debt		13,266
Long-term debt		124,867
Gross carrying amount [member] \| Credit Agricole Credit Facility [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	92,344	96,211
Drawdowns		0
Repayments		(4,283)
Other Activity		416
Carrying Value as of June 30, 2019		92,344
Current portion of long-term debt		7,768
Long-term debt		84,576
Gross carrying amount [member] \| ABN / K-Sure Credit Facility [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	45,283	46,832
Drawdowns		0
Repayments		(1,925)
Other Activity		376
Carrying Value as of June 30, 2019		45,283
Current portion of long-term debt		3,123
Long-term debt		42,160
Gross carrying amount [member] \| Citibank / K-Sure Credit Facility [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	94,358	97,609
Drawdowns		0
Repayments		(4,208)
Other Activity		957
Carrying Value as of June 30, 2019		94,358
Current portion of long-term debt		6,564
Long-term debt		87,794
Gross carrying amount [member] \| ABN / SEB Credit Facility [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	109,075	114,825
Drawdowns		0
Repayments		(5,750)
Other Activity		0
Carrying Value as of June 30, 2019		109,075
Current portion of long-term debt		11,500
Long-term debt		97,575
Gross carrying amount [member] \| Ocean Yield Lease Financing [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	153,608	158,757
Drawdowns		0
Repayments		(5,246)
Other Activity		97
Carrying Value as of June 30, 2019		153,608
Current portion of long-term debt		10,696
Long-term debt		142,912
Gross carrying amount [member] \| CMBFL Lease Financing [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	58,837	61,198
Drawdowns		0
Repayments		(2,454)
Other Activity		93
Carrying Value as of June 30, 2019		58,837
Current portion of long-term debt		4,729
Long-term debt		54,108
Gross carrying amount [member] \| BCFL Lease Financing (LR2s) [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	94,006	97,454
Drawdowns		0
Repayments		(3,737)
Other Activity		289
Carrying Value as of June 30, 2019		94,006
Current portion of long-term debt		7,434
Long-term debt		86,572
Gross carrying amount [member] \| CSSC Lease Financing [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	242,776	251,832
Drawdowns		0
Repayments		(8,655)
Other Activity		(401)
Carrying Value as of June 30, 2019		242,776
Current portion of long-term debt		18,088
Long-term debt		224,688
Gross carrying amount [member] \| BCFL Lease Financing (MRs) [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	93,423	98,831
Drawdowns		0
Repayments		(5,408)
Other Activity		0
Carrying Value as of June 30, 2019		93,423
Current portion of long-term debt		11,391
Long-term debt		82,032
Gross carrying amount [member] \| 2018 CMBFL Lease Financing [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	131,485	136,543
Drawdowns		0
Repayments		(5,058)
Other Activity		0
Carrying Value as of June 30, 2019		131,485
Current portion of long-term debt		10,113
Long-term debt		121,372
Gross carrying amount [member] \| $116.0 Million Lease Financing [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	109,431	112,674
Drawdowns		0
Repayments		(3,243)
Other Activity		0
Carrying Value as of June 30, 2019		109,431
Current portion of long-term debt		6,892
Long-term debt		102,539
Gross carrying amount [member] \| AVIC Lease Financing [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	133,207	139,103
Drawdowns		0
Repayments		(5,896)
Other Activity		0
Carrying Value as of June 30, 2019		133,207
Current portion of long-term debt		11,794
Long-term debt		121,413
Gross carrying amount [member] \| China Huarong Lease Financing [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	130,500	137,250
Drawdowns		0
Repayments		(6,750)
Other Activity		0
Carrying Value as of June 30, 2019		130,500
Current portion of long-term debt		13,500
Long-term debt		117,000
Gross carrying amount [member] \| $157.5 Million Lease Financing [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	145,014	152,086
Drawdowns		0
Repayments		(7,072)
Other Activity		0
Carrying Value as of June 30, 2019		145,014
Current portion of long-term debt		14,142
Long-term debt		130,872
Gross carrying amount [member] \| COSCO Lease Financing [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	80,300	84,150
Drawdowns		0
Repayments		(3,850)
Other Activity		0
Carrying Value as of June 30, 2019		80,300
Current portion of long-term debt		7,700
Long-term debt		72,600
Gross carrying amount [member] \| Leases 3 MR IFRS16 [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	47,663	0
Drawdowns		50,715
Repayments		(3,345)
Other Activity		293
Carrying Value as of June 30, 2019		47,663
Current portion of long-term debt		7,046
Long-term debt		40,617
Gross carrying amount [member] \| Leases 7 Handymax IFRS 16 [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	20,410	0
Drawdowns		24,194
Repayments		(3,784)
Other Activity		0
Carrying Value as of June 30, 2019		20,410
Current portion of long-term debt		13,662
Long-term debt		6,748
Gross carrying amount [member] \| Unsecured Senior Notes Due 2020 [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	53,750	53,750
Drawdowns		0
Repayments		0
Other Activity		0
Carrying Value as of June 30, 2019		53,750
Current portion of long-term debt		53,750
Long-term debt		0
Gross carrying amount [member] \| Unsecured Senior Notes Due 2019 [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	0	57,500
Drawdowns		0
Repayments		(57,500)
Other Activity		0
Carrying Value as of June 30, 2019		0
Current portion of long-term debt		0
Long-term debt		0
Gross carrying amount [member] \| Convertible Senior Notes Due 2019 [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	142,708	142,180
Drawdowns		0
Repayments		(2,266)
Other Activity		2,794
Carrying Value as of June 30, 2019		142,708
Current portion of long-term debt		142,708
Long-term debt		0
Gross carrying amount [member] \| Convertible Notes due 2022 [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	175,670	171,469
Drawdowns		0
Repayments		0
Other Activity		4,201
Carrying Value as of June 30, 2019		175,670
Current portion of long-term debt		0
Long-term debt		175,670		$ 171,500
Deferred financing fees [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	(19,283)	(23,539)
Drawdowns		(107)
Repayments		0
Other Activity		4,363
Carrying Value as of June 30, 2019		(19,283)
Current portion of long-term debt		(2,097)
Long-term debt		(17,186)
Deferred financing fees [Member] \| Unsecured Senior Notes Due 2020 [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	300	500
Carrying Value as of June 30, 2019		300
Net carrying amount [Member]
Reconciliation Of Changes In Borrowings [Roll Forward]
Carrying Value as of December 31, 2018	$ 2,822,445	2,910,315
Drawdowns		74,802
Repayments		(176,150)
Other Activity		13,478
Carrying Value as of June 30, 2019		2,822,445
Current portion of long-term debt		431,940
Long-term debt		$ 2,390,505

Current and long-term debt - Convertible senior notes due 2019 (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Disclosure of detailed information about borrowings [line items]
Interest expense on borrowings		$ 82,898,000	$ 66,797,000
Expense Due to Accretion of Convertible Notes		6,995,000	$ 6,435,000
Convertible Senior Notes Due 2019 [Member]
Disclosure of detailed information about borrowings [line items]
Interest expense on borrowings		1,700,000
Expense Due to Accretion of Convertible Notes		2,800,000
Gross carrying amount [member]
Disclosure of detailed information about borrowings [line items]
Current borrowings and current portion of non-current borrowings		434,037,000
Borrowings		2,841,728,000		$ 2,933,854,000
Gross carrying amount [member] \| Convertible Senior Notes Due 2019 [Member]
Disclosure of detailed information about borrowings [line items]
Current borrowings and current portion of non-current borrowings		142,708,000
Borrowings		142,708,000		$ 142,180,000
Repayment of Senior Notes		$ 142,700,000
2015 Securities Repurchase Program [Member] \| Convertible Senior Notes Due 2019 [Member]
Disclosure of detailed information about borrowings [line items]
Borrowings, Convertible, Repurchased Face Amount	$ 2,290,000
Borrowings, convertible repurchase average price	990.00
Principal amount	$ 2,270,000

Current and long-term debt - Convertible senior notes due 2022 (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Disclosure of detailed information about borrowings [line items]
Non-current portion	$ 1,094,910		$ 1,192,000
Interest expense on borrowings	82,898	$ 66,797
Expense Due to Accretion of Convertible Notes	6,995	$ 6,435
Convertible Senior Notes Due 2019 [Member]
Disclosure of detailed information about borrowings [line items]
Interest expense on borrowings	1,700
Expense Due to Accretion of Convertible Notes	2,800
Convertible Notes due 2022 [Member]
Disclosure of detailed information about borrowings [line items]
Interest expense on borrowings	3,100
Expense Due to Accretion of Convertible Notes	4,200
Gross carrying amount [member]
Disclosure of detailed information about borrowings [line items]
Non-current portion	2,407,691
Gross carrying amount [member] \| Convertible Senior Notes Due 2019 [Member]
Disclosure of detailed information about borrowings [line items]
Non-current portion	0
Gross carrying amount [member] \| Convertible Notes due 2022 [Member]
Disclosure of detailed information about borrowings [line items]
Non-current portion	$ 175,670		$ 171,500

Current and long-term debt - Schedule of dividends declared from issuance of the Convertible Notes (Details)	Sep. 10, 2019	Jun. 05, 2019 $ / shares	Mar. 13, 2019 $ / shares
Convertible Senior Notes Due 2019 [Member]
Disclosure of detailed information about borrowings [line items]
Dividends per share (in USD per share)		$ 0.10	$ 0.10
Convertible conversion rate		0.01014940	0.01011100
Convertible Senior Notes Due 2022 [Member]
Disclosure of detailed information about borrowings [line items]
Dividends per share (in USD per share)		$ 0.10	$ 0.10
Convertible conversion rate	0.02566370	0.02557670	0.02547990

Common shares - Narrative (Details)	1 Months Ended		6 Months Ended
Common shares - Narrative (Details)	Jul. 31, 2019 USD ($) shares $ / shares	Dec. 31, 2018 shares $ / shares	Jun. 30, 2019 USD ($) shares $ / shares	Jun. 30, 2018 shares	Feb. 01, 2019 $ / shares shares	Dec. 31, 2017 shares
2013 Equity Incentive Plan [Member]
Disclosure of classes of share capital [line items]
Shares reserved for issuance (in shares)					86,977
Common stock, par value (in dollars per share) \| $ / shares					$ 0.01
Restricted Stock [Member]
Disclosure of classes of share capital [line items]
Number of other equity instruments outstanding in share-based payment arrangement		3,359,887	3,377,849
Number of shares issued			220,250
Weighted average grant date fair value, granted (in USD per share) \| $			$ 24.93
Restricted Stock [Member] \| 2013 Equity Incentive Plan [Member] \| Employees [Member]
Disclosure of classes of share capital [line items]
Number of shares issued	230,170		112,750
Weighted average grant date fair value, granted (in USD per share) \| $	$ 26
Restricted Stock [Member] \| 2013 Equity Incentive Plan [Member] \| Directors [Member] \| First vesting percentage [Member]
Disclosure of classes of share capital [line items]
Vested shares percentage		33.00%
Restricted Stock [Member] \| 2013 Equity Incentive Plan [Member] \| Directors [Member] \| Second vesting percentage [Member]
Disclosure of classes of share capital [line items]
Vested shares percentage		33.00%
Restricted Stock [Member] \| 2013 Equity Incentive Plan [Member] \| Directors [Member] \| Third vesting percentage [Member]
Disclosure of classes of share capital [line items]
Vested shares percentage		33.00%
Restricted Stock [Member] \| 2013 Equity Incentive Plan [Member] \| SSH Employees [Member]
Disclosure of classes of share capital [line items]
Number of shares issued			107,500
Restricted Stock [Member] \| 2013 Equity Incentive Plan [Member] \| SSH Employees [Member] \| First vesting percentage [Member]
Disclosure of classes of share capital [line items]
Vested shares percentage			33.00%
Restricted Stock [Member] \| 2013 Equity Incentive Plan [Member] \| SSH Employees [Member] \| Second vesting percentage [Member]
Disclosure of classes of share capital [line items]
Vested shares percentage		33.00%	33.00%
Restricted Stock [Member] \| 2013 Equity Incentive Plan [Member] \| SSH Employees [Member] \| Third vesting percentage [Member]
Disclosure of classes of share capital [line items]
Vested shares percentage		33.00%	33.00%
Common stock [Member]
Disclosure of classes of share capital [line items]
Number of shares outstanding (in shares)		51,397,562	51,615,220
Common stock, shares issued (in shares)		51,397,562	51,615,220
Common stock, par value (in dollars per share) \| $ / shares		$ 0.01	$ 0.01
Common stock [Member] \| 2013 Equity Incentive Plan [Member]
Disclosure of classes of share capital [line items]
Shares reserved for issuance (in shares)	134,893
Common stock, par value (in dollars per share) \| $ / shares	$ 0.01
Other related parties [member] \| Scorpio Services Holding Limited (SSH) [Member] \| Restricted Stock [Member]
Disclosure of classes of share capital [line items]
Number of shares issued			221,900	114,400
NPTI [Member]
Disclosure of classes of share capital [line items]
Price per share (in USD per share) \| $ / shares		$ 40.20
Share capital
Disclosure of classes of share capital [line items]
Number of shares outstanding (in shares)		51,397,562	51,615,220	33,162,999		32,650,754
Number of shares issued			220,250	512,245

Common shares - Vesting schedule of restricted stock (Details) - 2013 Equity Incentive Plan [Member] - Restricted Stock [Member]	1 Months Ended	6 Months Ended
	Dec. 31, 2018	Jun. 30, 2019
Directors [Member] \| First vesting period [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Rights Percentage1	33.00%
Directors [Member] \| Second vesting period [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Rights Percentage1	33.00%
Directors [Member] \| Third vesting period [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Rights Percentage1	33.00%
SSH Employees [Member] \| First vesting period [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Rights Percentage1		33.00%
SSH Employees [Member] \| Second vesting period [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Rights Percentage1	33.00%	33.00%
SSH Employees [Member] \| Third vesting period [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Rights Percentage1	33.00%	33.00%

Common shares - Summary of restricted stock awards (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2019 USD ($) shares
Reconciliation of Share-based Payment Awards in Period [Roll Forward]
Number of shares, outstanding and non-vested (in shares) \| shares	3,359,887
Issuance of restricted stock, net of forfeitures (in shares) \| shares	220,250
Number of shares, vested (in shares) \| shares	(199,788)
Number of shares, forfeited (in shares) \| shares	(2,500)
Number of shares, outstanding and non-vested (in shares) \| shares	3,377,849
Weighted average grant date fair value, outstanding and non-vested (in USD per share) \| $	$ 30.05
Weighted average grant date fair value, granted (in USD per share) \| $	24.93
Weighted average grant date fair value, vested (in USD per share) \| $	77.45
Weighted average grant date fair value, forfeited (in USD per share) \| $	48.07
Weighted average grant date fair value, outstanding and non-vested (in USD per share) \| $	$ 26.89

Common shares - Stock compensation expense (Details) - Restricted Stock [Member] $ in Thousands	Jun. 30, 2019 USD ($)
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected stock compensation expense, 2019	$ 12,762
Expected stock compensation expense, 2020	20,457
Expected stock compensation expense, 2021	12,989
Expected stock compensation expense, 2022	5,940
Expected stock compensation expense, 2023	1,799
Expected Stock Compensation expense, 2024	157
Total expected stock compensation expense	54,104
Employees [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected stock compensation expense, 2019	12,213
Expected stock compensation expense, 2020	19,918
Expected stock compensation expense, 2021	12,870
Expected stock compensation expense, 2022	5,940
Expected stock compensation expense, 2023	1,799
Expected Stock Compensation expense, 2024	157
Total expected stock compensation expense	52,897
Directors [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected stock compensation expense, 2019	549
Expected stock compensation expense, 2020	539
Expected stock compensation expense, 2021	119
Expected stock compensation expense, 2022	0
Expected stock compensation expense, 2023	0
Expected Stock Compensation expense, 2024	0
Total expected stock compensation expense	$ 1,207

Common shares - Dividend payments (Details) - $ / shares			6 Months Ended
	Jun. 27, 2019	Mar. 28, 2019	Jun. 30, 2019	Jun. 30, 2018
Share-Based Payment Arrangements [Abstract]
Dividends paid per share (in USD per share)	$ 0.10	$ 0.10	$ 0.2	$ 0.20

Common shares - Stock and securities repurchase program (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2019	Jun. 30, 2019	Dec. 31, 2018	May 31, 2015
Common stock [Member]
Disclosure of classes of share capital [line items]
Common shares held in treasury		6,349,324	6,349,294
Number of shares authorized (in shares)		150,000,000	75,000,000
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)		51,615,220	51,397,562
2015 Securities Repurchase Program [Member] \| Common stock [Member]
Disclosure of classes of share capital [line items]
Authorized amount of share repurchase				$ 250,000,000
Entity's shares acquired (in shares)		30
Common stock, par value (in dollars per share)		17.10
Stock buyback program, remaining authorized amount		$ 121,600,000
Convertible Senior Notes Due 2019 [Member] \| 2015 Securities Repurchase Program [Member]
Disclosure of classes of share capital [line items]
Borrowings, Convertible, Repurchased Face Amount	$ 2,290,000
Borrowings, convertible repurchase average price	990.00
Principal amount	$ 2,270,000

Related party transactions - Narrative (Details)		6 Months Ended
Related party transactions - Narrative (Details)	Sep. 28, 2016	Jun. 30, 2019 USD ($) vessel	Jun. 30, 2018 USD ($)
Disclosure of transactions between related parties [line items]
Key management personnel compensation, post-employment benefits		$ 0
Administrative Expenses, Related Party Transactions		$ 6,315,000	$ 6,290,000
Number of vessels		109
Scorpio Services Holding Limited (SSH) [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Prior fee payable upon any future vessel sale or purchase	1.00%
Termination fee		$ 0
Reimbursement of expenses		100,000	0
Administrative Fees, Related Party Transactions		5,500,000	5,500,000
Scorpio Commercial Management SAM (SCM) [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Reimbursement of expenses		100,000
SSM [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Crew wages		$ 62,500,000	63,300,000
Reimbursement of expenses			0
STI Esles II and STI Jardins [Member] \| Scorpio Services Holding Limited (SSH) [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Aggregate management fee			700,000
MR [Member] \| Construction in progress [member] \| SSM [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Number of vessels \| vessel		8
Agreement supervision expense		$ 100,000
Restricted Stock [Member] \| Scorpio Services Holding Limited (SSH) [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Restricted stock amortization		$ 600,000	$ 800,000

Related party transactions - Related Party Statement of Income or Loss (Details)		6 Months Ended
	Sep. 01, 2018	Jun. 30, 2019 USD ($) shares	Jun. 30, 2018 USD ($) shares
Disclosure of transactions between related parties [line items]
Voyage expenses		$ (192,000)	$ (805,000)
Vessel operating costs		(15,908,000)	(17,044,000)
Administrative expenses		$ (6,315,000)	(6,290,000)
Restricted Stock [Member]
Disclosure of transactions between related parties [line items]
Issuance of restricted stock, net of forfeitures (in shares) \| shares		220,250
Handymax [Member]
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when out of pools		$ 300
LR1/Panamax [Member]
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when out of pools		250
Other related parties [member] \| Scorpio MR Pool Limited [Member] \| MR [Member]
Disclosure of transactions between related parties [line items]
Pool revenue		123,427,000	117,172,000
Other related parties [member] \| Scorpio LR2 Pool Limited [Member] \| LR2 [Member]
Disclosure of transactions between related parties [line items]
Pool revenue		131,945,000	90,689,000
Other related parties [member] \| Scorpio Handymax Tanker Pool Limited [Member] \| Handymax [Member]
Disclosure of transactions between related parties [line items]
Pool revenue		51,916,000	41,803,000
Other related parties [member] \| Scorpio LR1 Pool Limited [Member] \| LR1 [Member]
Disclosure of transactions between related parties [line items]
Pool revenue		$ 35,130,000	22,721,000
Other related parties [member] \| Scorpio Commercial Management SAM (SCM) [Member]
Disclosure of transactions between related parties [line items]
Commission on gross revenue per charter fixture when included in pools, rercent		1.50%
Commission on gross revenue per charter fixture when excluded in pools, rercent		1.25%
Reimbursement of expenses		$ 100,000
Commission on gross revenue, per charter fixture	0.85%
Other related parties [member] \| Scorpio Commercial Management SAM (SCM) [Member] \| LR2 [Member]
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when in pools		250
Other related parties [member] \| Scorpio Commercial Management SAM (SCM) [Member] \| Handymax [Member]
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when in pools		325
Other related parties [member] \| Scorpio Commercial Management SAM (SCM) [Member] \| LR1/Panamax [Member]
Disclosure of transactions between related parties [line items]
Fees charged by pool manager, per vessel, per day when in pools		300
Other related parties [member] \| SSM [Member]
Disclosure of transactions between related parties [line items]
Vessel operating costs		(175,000)
Technical management fee		15,000,000	14,800,000
Reimbursement of expenses			0
Other related parties [member] \| Insurance Broker [Member]
Disclosure of transactions between related parties [line items]
Insurance related expenses		2,000,000
Other related parties [member] \| Port Agent [Member]
Disclosure of transactions between related parties [line items]
Voyage expenses		(25,747)
Vessel operating costs		(900,000)	(300,000)
Other related parties [member] \| Scorpio Services Holding Limited (SSH) [Member]
Disclosure of transactions between related parties [line items]
Administrative Fees, Related Party Transactions		5,500,000	5,500,000
Reimbursement of expenses		100,000	0
Other related parties [member] \| Scorpio Services Holding Limited (SSH) [Member] \| Restricted Stock [Member]
Disclosure of transactions between related parties [line items]
Restricted stock amortization		$ 600,000	$ 800,000
Issuance of restricted stock, net of forfeitures (in shares) \| shares		221,900	114,400

Related party transactions - Related Party Balance Sheet (Details) - USD ($) $ in Thousands		6 Months Ended
	Sep. 01, 2018	Jun. 30, 2019	Dec. 31, 2018
Other related parties [member]
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses		$ 53,420	$ 68,689
Scorpio Pools [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses		52,200	66,178
Working capital contributions to Scorpio Group Pools		45,694	42,973
Accounts payable and accrued expenses		605	66
Working capital contributions, related parties		19,200	22,900
SSM [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses		2,712	2,461
Accounts payable and accrued expenses		3,956	832
Scorpio Commercial Management SAM (SCM) [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses		1,220	2,511
Accounts payable and accrued expenses		83	389
Commission on gross revenue, per charter fixture	0.85%
Port Agent [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses		351	459
Scorpio Services Holding Limited (SSH) [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Accounts payable and accrued expenses		$ 360	409
Scorpio Handymax Tanker Pool Limited [Member]
Disclosure of transactions between related parties [line items]
Working capital repayment period upon vessel's exit from each pool		6 months
Scorpio Handymax Tanker Pool Limited [Member] \| Other related parties [member]
Disclosure of transactions between related parties [line items]
Accounts receivable and prepaid expenses		$ 3,785	4,559
Working capital contributions to Scorpio Group Pools		$ 6,794	$ 4,923
Working capital repayment period upon vessel's exit from each pool		6 months

Related party transactions - Key Management Renumeration (Details)	6 Months Ended
	Jun. 30, 2019 USD ($) payment	Jun. 30, 2018 USD ($)
Related Party [Abstract]
Short-term employee benefits (salaries)	$ 5,191,000	$ 2,748,000
Share-based compensation	11,071,000	10,365,000
Total	$ 16,262,000	$ 13,113,000
Post-employment benefits, number of payments \| payment	1
Post-employment benefits, number of months of salary paid	2 months
Key management personnel compensation, post-employment benefits	$ 0

Segment reporting - Information About Reportable Segments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Disclosure of operating segments [line items]
Vessel revenue	$ 346,635	$ 298,241
Vessel operating costs	(138,152)	(139,904)
Voyage expenses	(1,622)	(4,372)
Charterhire	(4,399)	(35,169)
Depreciation - owned or finance leased vessels	(88,183)	(87,547)
Depreciation, right-of-use assets	(8,030)	0
Depreciation - right of use assets	(31,240)	(26,972)
Merger transaction related costs	0	(271)
Financial expenses	(96,083)	(88,367)
Loss on exchange of Convertible Senior Notes	0	(16,968)
Realized loss on derivative financial instruments		(16,968)
Financial income	5,843	730
Other expenses, net	(13)	(96)
Net loss	(15,244)	(100,695)
Reportable segments [member]
Disclosure of operating segments [line items]
Vessel revenue	346,635	298,241
Vessel operating costs	(138,152)	(139,904)
Voyage expenses	(1,622)	(4,372)
Charterhire	(4,399)	(35,169)
Depreciation - owned or finance leased vessels	(88,183)	(87,547)
Depreciation, right-of-use assets	(8,030)
Depreciation - right of use assets	(5,789)	(6,063)
Merger transaction related costs		0
Financial expenses	0	0
Realized loss on derivative financial instruments		0
Financial income	404	312
Other expenses, net	0	(46)
Net loss	100,864	25,452
Reportable segments [member] \| Handymax [Member]
Disclosure of operating segments [line items]
Vessel revenue	55,176	48,237
Vessel operating costs	(23,717)	(24,163)
Voyage expenses	(1,164)	(235)
Charterhire	(4,256)	(10,308)
Depreciation - owned or finance leased vessels	(9,044)	(9,020)
Depreciation, right-of-use assets	(3,929)
Depreciation - right of use assets	(1,039)	(1,116)
Merger transaction related costs		0
Financial expenses	0	0
Realized loss on derivative financial instruments		0
Financial income	11	8
Other expenses, net	0	(46)
Net loss	12,038	3,357
Reportable segments [member] \| LR2 [Member]
Disclosure of operating segments [line items]
Vessel revenue	132,856	100,066
Vessel operating costs	(46,411)	(45,736)
Voyage expenses	(206)	(2,966)
Charterhire	271	(4,652)
Depreciation - owned or finance leased vessels	(36,270)	(36,010)
Depreciation, right-of-use assets	0
Depreciation - right of use assets	(1,857)	(1,924)
Merger transaction related costs		0
Financial expenses	0	0
Realized loss on derivative financial instruments		0
Financial income	22	10
Other expenses, net	0	0
Net loss	48,405	8,788
Reportable segments [member] \| MR [Member]
Disclosure of operating segments [line items]
Vessel revenue	123,426	126,327
Vessel operating costs	(54,173)	(55,224)
Voyage expenses	(228)	(598)
Charterhire	(414)	(20,209)
Depreciation - owned or finance leased vessels	(33,271)	(32,952)
Depreciation, right-of-use assets	(4,101)
Depreciation - right of use assets	(2,310)	(2,430)
Merger transaction related costs		0
Financial expenses	0	0
Realized loss on derivative financial instruments		0
Financial income	264	255
Other expenses, net	0	0
Net loss	29,193	15,169
Reportable segments [member] \| LR1 [Member]
Disclosure of operating segments [line items]
Vessel revenue	35,177	23,611
Vessel operating costs	(13,851)	(14,781)
Voyage expenses	(24)	(573)
Charterhire	0	0
Depreciation - owned or finance leased vessels	(9,598)	(9,565)
Depreciation, right-of-use assets	0
Depreciation - right of use assets	(583)	(593)
Merger transaction related costs		0
Financial expenses	0	0
Realized loss on derivative financial instruments		0
Financial income	107	39
Other expenses, net	0	0
Net loss	11,228	(1,862)
Corporate and eliminations [member]
Disclosure of operating segments [line items]
Vessel revenue	0	0
Vessel operating costs	0	0
Voyage expenses	0	0
Charterhire	0	0
Depreciation - owned or finance leased vessels	0	0
Depreciation, right-of-use assets	0
Depreciation - right of use assets	(25,451)	(20,909)
Merger transaction related costs		(271)
Financial expenses	(96,083)	(88,367)
Realized loss on derivative financial instruments		(16,968)
Financial income	5,439	418
Other expenses, net	(13)	(50)
Net loss	$ (116,108)	$ (126,147)

Vessel revenue (Details) $ in Thousands	6 Months Ended
Vessel revenue (Details) $ in Thousands	Jun. 30, 2019 USD ($) vessel	Jun. 30, 2018 USD ($) vessel
Analysis of income and expense [abstract]
Number Of Ships That Earned Revenue In Long Term Time Charter Contracts \| vessel	3	5
Revenue from rendering of services	$ 342,505	$ 272,436
Revenue From Time Charter Agreements	2,551	18,558
Revenue from contracts with customers	1,579	7,247
Revenue	$ 346,635	$ 298,241

- Definition

The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 28
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_28_a&doctype=Standard
-URIDate 2018-03-16

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 23
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_23_a&doctype=Standard
-URIDate 2018-03-16

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 32
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_32&doctype=Standard
-URIDate 2018-03-16

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 33
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_33_a&doctype=Standard
-URIDate 2018-03-16

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 34
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_34&doctype=Standard
-URIDate 2018-03-16

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 1
-IssueDate 2018-01-01
-Paragraph 82
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_82_a&doctype=Standard
-URIDate 2018-03-16

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Name IAS
-Number 1
-IssueDate 2018-01-01
-Paragraph 103
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_103&doctype=Standard
-URIDate 2018-03-16

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Name IAS
-Number 1
-IssueDate 2018-01-01
-Paragraph 102
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_102&doctype=Standard
-URIDate 2018-03-16

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 5
-IssueDate 2018-01-01
-Paragraph 33
-Subparagraph b
-Clause i
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=5&date=2018-03-01&anchor=para_33_b_i&doctype=Standard
-URIDate 2018-03-16

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2018-01-01
-Paragraph B12
-Subparagraph b
-Clause v
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_B12_b_v&doctype=Appendix&seq=2
-URIDate 2018-03-16

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Name IFRS
-Number 12
-IssueDate 2018-01-01
-Paragraph B10
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_B10_b&doctype=Appendix&seq=2
-URIDate 2018-03-16

+ Details

Crewing costs (Details) - USD ($) $ in Thousands	6 Months Ended
Crewing costs (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Crewing cost [Abstract]
Short term crew benefits (i.e. wages, victualing, insurance)	$ 74,854	$ 75,807
Other crew related cost	9,145	9,770
Crewing cost	$ 83,999	$ 85,577

Operating Leases - Time and bareboat chartered-in vessels (Details) - USD ($)	1 Months Ended	3 Months Ended
	Apr. 30, 2017	Mar. 31, 2019	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			$ 68,072,000	$ 50,700,000
Daily Rate Bareboat Charter		$ 6,300
Vessels [member] \| STI Beryl, STI Le Rocher, STI Larvotto [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Sale leaseback transaction, deposit per vessel			4,350,000		$ 4,350,000
Vessels [member] \| Handymax [Member] \| Silent [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			6,300
Vessels [member] \| Handymax [Member] \| Single [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			6,300
Daily Rate Bareboat Charter		6,300
Vessels [member] \| Handymax [Member] \| Star I [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			6,300
Daily Rate Bareboat Charter		$ 6,300
Vessels [member] \| Handymax [Member] \| Steel [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			6,300
Vessels [member] \| Handymax [Member] \| Sky [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			6,300
Vessels [member] \| Handymax [Member] \| Stone I [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			6,300
Vessels [member] \| Handymax [Member] \| Style [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			6,300
Vessels [member] \| MR [Member] \| STI Beryl, STI Le Rocher, STI Larvotto [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Sale and leaseback, term of lease	8 years
Leaseback, daily rate	$ 8,800
Sale leaseback transaction, gross proceeds per vessel	29,000,000
Sale leaseback transaction, deposit per vessel	$ 4,350,000
Vessels [member] \| MR [Member] \| Miss Benedetta [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, expired in current year, daily rate			14,000
Vessels [member] \| MR [Member] \| STI Beryl [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			8,800
Vessels [member] \| MR [Member] \| STI Le Rocher [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			8,800
Vessels [member] \| MR [Member] \| STI Larvotto [Member]
Disclosure of finance lease and operating lease by lessee [line items]
Lease payments, daily rate			$ 8,800

Operating Leases - Future minimum lease payments (Details) - USD ($) $ in Thousands	1 Months Ended
	Apr. 30, 2017	Jun. 30, 2019	Jan. 01, 2019
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable		$ 77,661
Disclosure of maturity analysis of operating lease payments [abstract]
Discounted unguaranteed residual value of assets subject to finance lease		9,589	$ 10,120
Lease liabilities		68,072	$ 50,700
Less than 1 year [member]
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable		24,066
1 - 5 years [member]
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable		45,395
Later than five years [member]
Disclosure of finance lease and operating lease by lessee [line items]
Minimum finance lease payments payable		$ 8,200
MR [Member] \| Vessels [member] \| STI Beryl, STI Le Rocher, STI Larvotto [Member]
Disclosure of maturity analysis of operating lease payments [abstract]
Sale and leaseback, term of lease	8 years

Operating Leases - Narrative (Details)	3 Months Ended	6 Months Ended
Operating Leases - Narrative (Details)	Mar. 31, 2019 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)
Leases 1 [Abstract]
Number of vessels bareboat charter agreements	7
Number of bareboat chartered-in vessels one year	3
Number of bareboat chartered-in vessels two years	4
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16		6.00%
Minimum lease payments		$ 77,661,000
Charterhire expense		$ 4,399,000	$ 35,169,000
Daily Rate Bareboat Charter	$ 6,300
Variability of lease revenue		100.00%

Operating Leases - Chartered-out vessels summary (Details) - Vessels [member]	Jun. 30, 2019 USD ($)
STI Pimlico [Member] \| Handymax [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating leases daily rate receivable	$ 18,000
STI Poplar [Member] \| Handymax [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating leases daily rate receivable	18,000
STI Rose [Member] \| LR2 [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Operating leases daily rate receivable	$ 28,000

Operating Leases - Future minimum lease payments due to Company (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Disclosure of finance lease and operating lease by lessor [line items]
Minimum lease payments receivable	$ 0	$ 2,581
Less than 1 year [member]
Disclosure of finance lease and operating lease by lessor [line items]
Minimum lease payments receivable	0	2,581
1 - 5 years [member]
Disclosure of finance lease and operating lease by lessor [line items]
Minimum lease payments receivable	0	0
Later than five years [member]
Disclosure of finance lease and operating lease by lessor [line items]
Minimum lease payments receivable	$ 0	$ 0

Operating Leases Activity right of us asset (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
Disclosure of quantitative information about right-of-use assets [line items]
Interest expense on lease liabilities	$ 1,776,000
Additions to right-of-use assets	24,195,000
Depreciation, right-of-use assets	(8,030,000)	$ 0
Right-of-use assets	67,266,000		$ 51,101,000	$ 0
Payments of finance lease liabilities, classified as financing activities	7,129,000	$ 0
Vessels [member]
Disclosure of quantitative information about right-of-use assets [line items]
Additions to right-of-use assets	24,195,000
Depreciation, right-of-use assets	7,736,000
Right-of-use assets	64,925,000		48,466,000
Drydock [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Additions to right-of-use assets	0
Depreciation, right-of-use assets	294,000
Right-of-use assets	$ 2,341,000		$ 2,635,000

Operating Leases Lease and non lease components (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Disclosure of leases [Abstract]
Lease component of revenue from time charter-out and pool revenue	$ 191,523	$ 140,183
Non-lease component of revenue from time charter-out and pool revenue	153,533	150,810
Total lease and non - lease components of revenue	$ 345,056	$ 290,993

Operating Leases Operating lease commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Disclosure of leases [Abstract]
Operating leases commitments disclosed at December 31, 2018			$ 65,439
Discounting effect relating to the lease liability recorded upon transition to IFRS 16	$ (9,589)	$ (10,120)
Less: leases with terms of less than 12 months at the date of transition to IFRS 16, which were recognized as charterhire expense during the six months ended June 30, 2019.		(4,605)
IFRS 16 - lease liabilities recognized at January 1, 2019	68,072	50,700
IFRS 16 - current lease liabilities	20,708	6,523	0
IFRS 16 - non-current lease liabilities	$ 47,364	$ 44,191	$ 0

Financial expenses - Schedule of Financial Expenses (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Disclosure of detailed information about property, plant and equipment [line items]
Interest expense on lease liabilities	$ 1,776,000
Interest expense on debt	82,898,000	$ 66,797,000
Amortization of deferred financing fees	4,088,000	6,191,000
Write-offs of deferred financing fees	275,000	7,035,000
Accretion of Convertible Notes	6,995,000	6,435,000
Accretion of premiums and discounts on assumed debt	1,827,000	1,909,000
Total financial expenses	96,083,000	88,367,000
Average borrowings	2,900,000,000	2,800,000,000
Interest Capitalized	1,300,000
Convertible Notes due 2019 [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Interest expense on debt	1,700,000
Write-offs of deferred financing fees		1,100,000
Accretion of Convertible Notes	2,800,000
K-Sure Credit Facility [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Write-offs of deferred financing fees		3,300,000
Ships		5
Vessels [member]
Disclosure of detailed information about property, plant and equipment [line items]
Interest Capitalized	$ 1,252,000	200,000
Acceleration of unamortized fees [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Write-offs of deferred financing fees		$ 2,600,000

(Loss) / earnings per share - Schedule of Basic and Diluted (Loss) / Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Earnings per share [abstract]
Net loss attributable to equity holders of the parent - basic	$ (15,244)	$ (100,695)
Convertible Senior Notes interest expense	0	0
Convertible Senior Notes deferred financing amortization	0	0
Net loss attributable to equity holders of the parent - diluted	$ (15,244)	$ (100,695)
Basic weighted average number of shares (in shares)	48,109,924	30,891,470
Effect of dilutive potential basic shares:
Restricted stock (in shares)	0	0
Convertible notes (in shares)	0	0
Dilutive shares (in shares)	0	0
Diluted weighted average number of shares (in shares)	48,109,924	30,891,470
Loss Per Share:
Basic (in USD per share)	$ (0.32)	$ (3.26)
Diluted (in USD per share)	$ (0.32)	$ (3.26)

(Loss) / earnings per share - Narrative (Details) - shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Convertible Debt Securities [Member]
Earnings per share [line items]
Antidilutive securities (in shares)	6,653,256	6,320,243
Restricted Stock [Member]
Earnings per share [line items]
Antidilutive securities (in shares)	3,377,849	2,167,474

Financial instruments - financial and other risks - Categories of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Disclosure of detailed information about financial instruments [line items]
Additional paid-in capital	$ 2,657,375	$ 2,648,599
Deferred financing fees [Member]
Disclosure of detailed information about financial instruments [line items]
Debt outstanding	(19,283)	(23,539)
Secured bank loans [member] \| Deferred financing fees [Member]
Disclosure of detailed information about financial instruments [line items]
Debt outstanding	10,300	12,600
Finance Lease [Member] \| Deferred financing fees [Member]
Disclosure of detailed information about financial instruments [line items]
Debt outstanding	8,700	9,500
Unsecured Senior Notes due 2020 [Member] \| Deferred financing fees [Member]
Disclosure of detailed information about financial instruments [line items]
Debt outstanding	300	500
Accounts payable [member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	15,354	11,865
Accrued expenses [member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	29,175	22,972
Secured bank loans [member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	1,018,638	1,066,452
Finance Lease [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	1,363,932	1,420,381
Unsecured Senior Notes due 2020 [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	53,750	53,750
Unsecured Senior Notes Due 2019 [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	0	57,500
Convertible Notes due 2019 [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	142,708	145,000
Convertible Notes due 2022 [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, carrying value	203,500	204
Cash and cash equivalents [member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	467,219	593,652
Restricted cash [member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	12,294	12,285
Loans and receivables, category [member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	56,469	69,718
Investment in Associates \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	1,751	1,751
Sale Leaseback Transaction, Deposits [Member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	9,352	9,087
Reserve of equity component of convertible instruments [member] \| Convertible Notes due 2019 [Member] \| Deferred financing fees [Member]
Disclosure of detailed information about financial instruments [line items]
Additional paid-in capital	1,900
Level 1 of fair value hierarchy [member] \| Accounts payable [member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	15,354	11,865
Level 1 of fair value hierarchy [member] \| Accrued expenses [member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	29,175	22,972
Level 1 of fair value hierarchy [member] \| Finance Lease [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	1,363,932	1,420,381
Level 1 of fair value hierarchy [member] \| Unsecured Senior Notes due 2020 [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	54,524	52,584
Level 1 of fair value hierarchy [member] \| Unsecured Senior Notes Due 2019 [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	0	58,029
Level 1 of fair value hierarchy [member] \| Cash and cash equivalents [member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	467,219	593,652
Level 1 of fair value hierarchy [member] \| Restricted cash [member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	12,294	12,285
Level 1 of fair value hierarchy [member] \| Loans and receivables, category [member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	56,469	69,718
Level 1 of fair value hierarchy [member] \| Sale Leaseback Transaction, Deposits [Member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	9,352	9,087
Level 2 of fair value hierarchy [member] \| Secured bank loans [member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	1,018,638	1,066,452
Level 2 of fair value hierarchy [member] \| Convertible Notes due 2019 [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	142,708	140,267
Level 2 of fair value hierarchy [member] \| Convertible Notes due 2022 [Member] \| Financial liabilities at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	210,865	163,842
Level 2 of fair value hierarchy [member] \| Lease liabilities [member] \| Lease liabilities [member]
Disclosure of detailed information about financial instruments [line items]
Financial liabilities, at fair value	68	0
Financial liabilities, carrying value	68	0
Level 3 of fair value hierarchy [member] \| Investment in Associates \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	1,751	1,751
Ballast Water Treatment Systems [Member]
Disclosure of detailed information about financial instruments [line items]
Aggregate difference in investment fair value between put and call option exercise prices	600
STI Beryl, STI Le Rocher, STI Larvotto [Member] \| Vessels [member]
Disclosure of detailed information about financial instruments [line items]
Sale leaseback transaction, deposit per vessel	4,350	4,350
Sale leaseback transaction, aggregate amount	13,100	13,100
Scorpio Pools [Member] \| Receivables Due From Related Party [Member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, carrying value	45,694	42,973
Scorpio Pools [Member] \| Level 1 of fair value hierarchy [member] \| Receivables Due From Related Party [Member] \| Loans and receivables, category [member]
Disclosure of detailed information about financial instruments [line items]
Financial assets, at fair value	$ 45,694	$ 42,973

Financial instruments - financial and other risks - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2018
Disclosure of detailed information about financial instruments [line items]
Increase (Decrease) Through Net Proceeds From Follow On Offerings, Equity	$ (100,695)	$ 319,600

General and administrative expenses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Analysis of income and expense [abstract]
Increase general and administrative expense	$ 4,300
General and administrative expense	$ 31,240	$ 26,972

Subsequent events (Details)					1 Months Ended	3 Months Ended	6 Months Ended
Subsequent events (Details)	Sep. 10, 2019	Jul. 30, 2019 USD ($)	Jun. 05, 2019	Mar. 13, 2019	Jul. 31, 2019 USD ($) shares $ / shares	Sep. 30, 2019 USD ($)	Jun. 30, 2019 USD ($) shares $ / shares	Jun. 30, 2018 USD ($)	Feb. 01, 2019 $ / shares shares	Dec. 31, 2018 $ / shares
Disclosure of non-adjusting events after reporting period [line items]
Repayments							$ 166,755,000	$ 167,491,000
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners		$ 0.10
Common stock [Member]
Disclosure of non-adjusting events after reporting period [line items]
Common stock, par value (in dollars per share) \| $ / shares							$ 0.01			$ 0.01
2013 Equity Incentive Plan [Member]
Disclosure of non-adjusting events after reporting period [line items]
Shares reserved for issuance (in shares) \| shares									86,977
Common stock, par value (in dollars per share) \| $ / shares									$ 0.01
2013 Equity Incentive Plan [Member] \| Common stock [Member]
Disclosure of non-adjusting events after reporting period [line items]
Shares reserved for issuance (in shares) \| shares					134,893
Common stock, par value (in dollars per share) \| $ / shares					$ 0.01
Convertible Notes due 2019 [Member]
Disclosure of non-adjusting events after reporting period [line items]
Repayments					$ 142,700,000
Convertible conversion rate			0.01014940	0.01011100
Convertible Senior Notes Due 2022 [Member]
Disclosure of non-adjusting events after reporting period [line items]
Convertible conversion rate	0.02566370		0.02557670	0.02547990
Borrowings, Increase in conversion rate							0.00008700
Restricted Stock [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued \| shares							220,250
Weighted average grant date fair value, granted (in USD per share)							$ 24.93
Employees [Member] \| Restricted Stock [Member] \| 2013 Equity Incentive Plan [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued \| shares					230,170		112,750
Weighted average grant date fair value, granted (in USD per share)					$ 26
Exhaust Gas cleaning System [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of facilities to partially finance scrubbers						7
Commitments increase to liquidity						$ 87,000,000
Additional Commitments increase to liquidity						$ 35,000,000

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical)	Jan. 18, 2019
Major ordinary share transactions [Member] \| Common stock [Member]
Reverse stock split of common shares	0.10

Record Date

Dividends per share

Share Adjusted Conversion Rate⁽¹⁾

March 13, 2019

June 5, 2019

⁽¹⁾ Per $1,000 principal amount of the Convertible Senior Notes due 2019