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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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July 29, 2015
08:07 EDTSTNGScorpio Tankers up 1.2% after reporting Q2 results
08:05 EDTSTNGScorpio Tankers reports Q2 adjusted EPS 32c, consensus 27c
Reports Q2 revenue $188.46M, consensus $172.44M.
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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