Scorpio Tankers is a holding company. Through its subsidiaries, Co. provides seaborne transportation of refined petroleum products worldwide. Co.'s fleet consists of several wholly owned, leased financed or bareboat chartered-in tankers, such as Long Range 2, Long Range 1, Medium Range and Handymax. Co. operates its vessels in commercial pools operated by related entities, on time charters or in the spot market. Co. participates in the following pools: the Scorpio LR2 Pool, the Scorpio LR1 Pool, the Scorpio MR Pool and the Scorpio Handymax Tanker Pool.