209 results
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Business & Finance, Business developments & projects, Infrastructure, Vessels
Tanker owner and operator Scorpio Tankers has decided to sell and lease back three MR product tankers and one LR2 product tanker to China’s AVIC International Leasing.
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Business & Finance, Environment, Equipment, Rules & Regulation, Vessels
Tanker owner and operator Scorpio Tankers has finalized commitments from three financial institutions and has received a new commitment for a scrubber financing facility. The financing facilities are expected to increase the company’s liquidity by approximately $82 million. Specifically, Scorpio has secured a new commitment of $12 million to finance scrubbers on six MRs of which […]
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Monaco-based tanker owner and operator Scorpio Tankers has secured additional liquidity having received new loan commitments for debt repayment. The company said it had received a commitment for a new credit facility for up to $225 million. The loan, still to be finalized, is expected to consist of a $150 million term loan facility and […]
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Scorpio Tankers’ scrubber fitted ships have been earning more money than those without scrubbers.
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Scorpio Tankers’ President, Robert Bugbee, has bought call options on 200,000 common shares of the company.
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Net loss was at USD 45.3 million, compared to USD 71.7 million seen in the third quarter of 2018.
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The company agreed to acquire Trafigura subsidiaries, which have leasehold interests in 19 product tankers, for USD 803 million.
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Business & Finance, Rules & Regulation
Scorpio Tankers has entered into an agreement to purchase exhaust gas cleanings systems for 52 of its vessels.
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Scorpio Tankers wrapped up the first three quarters of this year with a widened net loss.
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Scorpio Tankers is looking to raise up to USD 300 million through a public offering of over 162.1 million common shares.
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Scorpio Tankers has secured sale and leaseback agreements for four more product tankers.
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Scorpio Tankers has agreed to purchase 55 BWTS from Ecochlor and become a minority shareholder in the company.
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Scorpio Tankers agreed sale and leaseback for seven of its product tankers with an international financial institution.
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Scorpio Tankers agrees to sell and leaseback four ships as part of its capital raising plan.
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Business & Finance, Rules & Regulation
Scorpio Tankers plans to meet the IMO’s sulphur cap by burning compliant fuels.
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Scorpio Tankers reached a deal to sell and leaseback six MR product tankers to CMB Financial Leasing.
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Scorpio Tankers decides to sell and leaseback six MR product tankers to China Huarong Shipping Financial Leasing.
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Scorpio Tankers has agreed sale and leaseback deals for five of its product tankers with AVIC International Leasing.
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Scorpio Tankers has secured commitments from four European banks for up to USD 195.9 million worth of loans.
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Scorpio Tankers is looking to raise up to USD 334 million through a series of bank loans and sale leasebacks.
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Scorpio Tankers has reported a widened net loss for Q4 and full year.
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Monaco-based tanker owner Scorpio Tankers revealed plans to the public 30 million shares of its common stock, par value USD 0.01 per share through an underwritten public offering. The company said that it would use the net proceeds of the offering to strengthen its balance sheet and for general corporate purposes. As part of the offering, […]
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Monaco-based tanker shipping company Scorpio Tankers posted a net loss of USD 36.9 million for the third quarter of this year, further widened when compared to the net loss of USD 27.1 million for the three months ended September 30, 2016. For the nine months ended September 30, 2017, the net loss surged to USD […]
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Monaco-based tanker owner Scorpio Tankers delivered a net loss of USD 68.3 million for the three months ended June 30, 2017, against a net income of USD 3.8 million seen a year earlier. The company’stime charter equivalent (TCE) revenue dropped to USD 117.5 million from USD 136.7 million reported in the same three-month period in […]
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Monaco-based tanker owner Scorpio Tankers has completed the acquisition of four LR1 tankers from Navig8 Product Tankers. Scorpio Tankers purchased the quartet for USD 42.2 million in cash consideration and assumed debt of USD 113.8 million. The move is part of definitive agreements to merge, signed between the shipowners in late May. The cash is expected […]
