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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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November 14, 2014
05:31 EDTSTNGScorpio Tankers initiated with a Buy at UBS
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November 11, 2014
10:00 EDTSTNGOn The Fly: Analyst Initiation Summary
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07:34 EDTSTNGScorpio Tankers accepts delivery of three vessels
Scorpio Tankers recently took delivery of the STI Sloane, an LR2 product tanker, was delivered from Hyundai Samho Heavy Industries in November 2014. Upon delivery, this vessel began a voyage for 45 days at approximately $30,000 per day; STI Broadway, an LR2 product tanker, was delivered from DSME in November 2014. Upon delivery, this vessel began a voyage for 45 days at approximately $30,000 per day; STI Milwaukee, an MR product tanker, was delivered from Hyundai Mipo Dockyard of South Korea in November 2014. Upon delivery, this vessel began a time charter for up to 120 days at approximately $18,000 per day.
07:33 EDTSTNGScorpio Tankers provides update regarding investment in Dorian LPG
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07:32 EDTSTNGScorpio Tankers raises quarterly dividend by 20% to 12c per share
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06:12 EDTSTNGScorpio Tankers initiated with a Buy at MLV & Co.
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