Shipowner expectations of a Q1 revenue surge as Red Sea disruptions saw long diversions around the Cape of Good Hope have proven well-founded (MEES, 1 March).

Three of the largest global tanker companies started the year with revenues and profits up from the end of last year. With a combined fleet of around 250 tankers between them, Monaco-based giant Scorpio Tankers, Bermuda-based Teekay Tankers, and London-based Torm all booked strong revenues and profits (see table). (CONTINUED - 696 WORDS)