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Stock Market & Financial Investment News

News Breaks
February 20, 2014
09:09 EDTSTNGScorpio Tankers agrees to sell an LR2 product tanker for $30.2M
Scorpio Tankers announced that the company has entered into an agreement to sell its 2008 built, LR2 product tanker, STI Spirit, for $30.2M. The sale is expected to close in April.
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September 16, 2014
07:49 EDTSTNGScorpio Tankers announces newbuilding vessel deliveries
Scorpio Tankers announced that it has recently taken delivery of seven newbuilding vessels. The deliveries are as follows: STI Madison and STI Park, LR2 product tankers, were delivered from Hyundai Samho Heavy Industries in September 2014. Upon delivery, each vessel began a voyage for 45 days at approximately $30,000 per day. STI Mythos, an MR product tanker, was delivered in August from Hyundai Mipo Dockyard of South Korea. Upon delivery, this vessel began a time charter for up to 120 days at approximately $17,000 per day. STI Regina, an MR product tanker, was delivered in September from SPP Shipbuilding of South Korea. Upon delivery, this vessel began a time charter for up to 120 days at approximately $17,000 per day. STI Benicia, an MR product tanker, was delivered in September from SPP. After delivery, this vessel began a one year time charter at a rate level consistent with current one year time charter contracts which includes a profit sharing mechanism whereby earnings in excess of the base time charter rate are split between the Company and charterer. STI Hackney and STI Acton, Handymax Ice Class 1A product tankers, were delivered from HMD in August and September, respectively. Upon delivery, each vessel began a time charter for up to 120 days at a rate level consistent with the current market.

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