Emanuele Lauro-led Scorpio Tankers has shipped out twelve Korean-built MR vessels this year, eying the half-a-billion mark in sales in the 50,000 dwt segment before the year ends. Last week, the Monaco-headquartered outfit revealed it had struck a deal to sell two 2014-built 50,000 dwt...
https://splash247.com/scorpios-mr-fleet-clear-out-gathers-pace/
FOWE Eco Solutions has entered into a memorandum of understanding with New York-listed shipping giant Scorpio Tankers to license FOWE’s emulsion bunker fuel systems for use on Scorpio’s entire fleet of over 100 vessels. Scorpio began testing FOWE’s emulsion fuel bunkers in 2022 and since December...
https://splash247.com/scorpio-tankers-signs-up-for-emulsion-bunker-fuel-systems-across-entire-fleet/
Emanuele Lauro’s Scorpio Commercial Management and Mercuria Shipping have created a new aframax venture called Mercury Pool.
Increased Operational PerformanceThe tanker pool will have offices located in Switzerland, the UK, the US, and Singapore and starts out with six ships. “Both our companies have world-class reputations. This joint venture will be of great benefit to clients and owners willing to join the pool, as we believe the financial and operational...
https://mfame.guru/scorpio-and-mercuria-collaborate-for-a-new-joint-venture/
Scorpio Tankers (NYSE: $STNG) reported the biggest quarterly profit in its history on Thursday, and said that tonne-miles will go “through the roof” when the EU ban on Russian oil…
Euronav and Scorpio calls highlight divergence between crude and product tanker markets, reports Freight Waves.
A big seasonal boostSpeaking on Thursday’s call with analysts, De Stoop was explaining why Euronav is pulling forward required drydockings from H1 2021 and will drydock nine of its tankers — 15% of its fleet — this month and December.
“When you’re in the drydock, you’re not earning money,” he said. “It’s like those guys retrofitting scrubbers in a market that was absolutely fantastic...
https://mfame.guru/experts-call-divergence-between-crude-and-product-tanker-markets/
In a major development, Scorpio Bulkers Inc. announced that they have signed a Letter of Intent to construct a Wind Turbine Installation Vessel (“WTIV”) with options for additional vessels, says a press release published on their website.
What is it?Scorpio Bulkers signed an LOI for what is presently the most sophisticated and capable dedicated wind turbine installation vessel in the world
https://mfame.guru/worlds-most-sophisticated-wind-turbine-installation-vessel-project/
Scorpio Tankers signalled it will delay their installation on any remaining vessels in its fleet where possible, but only because current earnings for...
http://mfame.guru/scorpion-tankers-to-retrofit-or-not-to-retrofit/
According to an article published in Freightwaves and authored by Greg Miller, determining the spot prices for tankers and bulkers has always been tricky.
New hurdles to rate visibilityThursday’s...
http://mfame.guru/imo-2020-pricing-strategy-proves-to-be-confusing-for-shippers/
http://mfame.guru/coronavirus-creates-a-new-demand-for-product-tankers/
In early 2019, Scorpio Tankers chose Choice Ballast Solution to assist with the first of 55 planned ballast water management system retrofits, scheduled to take place over the next five years, says an article published in Tanker Shipping.
55 Vessels Ballast RetrofitAs part of a substantial retrofit project involving 55 vessels, product tankers STI Duchessa and STI Opera have been fitted with the Ecochlor Ballast Water Management System (BWMS). Choice Ballast Solutions (Choice) was selected to...
http://mfame.guru/scorpio-shows-how-to-do-a-fleet-wide-bwms-retrofitting/