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Stock Market & Financial Investment News

News Breaks
February 1, 2013
09:29 EDTSTNGScorpio Tankers announces four newbuilding contracts at $32.5M per tanker ship
Scorpio Tankers announced that it has reached an agreement with SPP Shipbuilding South Korea for the construction of four MR product tankers for approximately $32.5M each, two of which are the exercise of options from a previous contract. These vessels will be delivered in 3Q14 and 4Q14 and are a continuation of the company's existing newbuilding program for fuel-efficient vessels. In conjunction with these contracts, the company received extensions on several previously agreed options and received four new fixed price options for similar vessels which would be delivered in 2015. The company currently has a total of 16 MR product tanker newbuilding orders with Hyundai Mipo Dockyard of South Korea and SPP. Two are expected to be delivered to the company by April 2013 and the remaining 14 within 2014. The company also has fixed-price options to construct a total of 14 additional newbuilding product tankers at these yards.
News For STNG From The Last 14 Days
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July 27, 2015
16:23 EDTSTNGScorpio Tankers agrees to acquire MR product tanker for $37.1M
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July 23, 2015
09:12 EDTSTNGScorpio Tankers agrees to sell 3.39M shares of Dorian LPG for $16.16 per share
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July 21, 2015
10:01 EDTSTNGOn The Fly: Analyst Initiation Summary
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06:57 EDTSTNGScorpio Tankers initiated with a Buy at BofA/Merrill
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July 20, 2015
10:00 EDTSTNGOn The Fly: Analyst Upgrade Summary
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06:22 EDTSTNGScorpio Tankers upgraded to Overweight from Neutral at JPMorgan
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05:19 EDTSTNGScorpio Tankers agrees to sell shares of Dorian LPG for $15.34 per share
Scorpio Tankers (STNG) announced that it has agreed to sell 6M common shares of Dorian LPG (LPG) owned by the company to BW Euroholdings, a wholly owned subsidiary of BW Group, for a purchase price of $15.34 per share. The shares will be sold pursuant to an effective resale registration statement filed by Dorian LPG on July 8, and are expected to be delivered to BW Euroholdings Limited on or around July 22. Following the sale, the company will continue to own 3.39M shares of Dorian's common stock, which is approximately 5.8% of Dorian.
05:18 EDTSTNGScorpio Tankers agrees to sell shares of Dorian LPG for $15.34 per share
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July 15, 2015
10:08 EDTSTNGHigh option volume stocks
High option volume stocks: ALIM RCPT SFXE ARNA ADTN ZGNX HALO STNG

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