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Stock Market & Financial Investment News

News Breaks
April 15, 2014
08:10 EDTSTNGScorpio Tankers announces update on fleet transactions
Scorpio Tankers announced an update of its fleet. Recently, the company recorded a gain of $51M from the previously announced sale agreement of the seven VLCC newbuilding contracts, took delivery of STI Texas City, finalized the previously announced sale agreements of Noemi and Senatore and reported that the previously announced sale agreement of STI Spirit, which is expected to be finalized before the end of April. In March, the company received the proceeds from the sale of the seven VLCC newbuilding contracts and recorded a gain of $51M in Q1. At the end of March, the company took delivery of STI Texas City, an MR product tanker newbuilding from SPP Shipbuilding Co., Ltd. of South Korea, which began a two-year time charter at a current market level plus a profit sharing component upon delivery. The loss related to the sales of Noemi and Senatore, 2004 built LR1 product tankers, was recorded in 4Q13. The loss related to the sale for STI Spirit, 2008 built LR2 product tanker, was also recorded in 4Q13.
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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