New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
December 17, 2014
09:35 EDTSTNGScorpio Tankers to host conference call
Management discusses newbuildings contracts and options, as well as agreement to sell three older vessels and take delivery of six newbuildling vessels, on a conference call to be held on December 17 at 10 am.
08:52 EDTSTNGScorpio Tankers to sell three vessels and deliver six vessels
Subscribe for More Information
08:48 EDTSTNGScorpio Tankers to purchase four newbuilding contracts
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use