Monaco-based shipping company Scorpio Tankers has entered into an agreement to sell an MR product tanker, and has exercised the purchase options on five ships.
The post Scorpio Tankers firms up options for five ships, sells one MR tanker appeared first on Offshore Energy.
https://www.offshore-energy.biz/scorpio-tankers-firms-up-options-for-five-ships-sells-one-mr-tanker/
Wars and pandemics — geopolitical and global health crises causing widespread suffering and death — have the side effect of hiking profits in certain industries. Wars inflate returns for defense contractors. The pandemic was a bonanza for certain pharmaceutical companies.
Shipowners have profited from both. Container-line owners made fortunes during COVID. Russia’s invasion of Ukraine buoyed rates for tanker companies.
Now there’s a new geopolitical crisis — the Israel-Hamas war in response to...
https://www.freightwaves.com/news/war-in-israel-the-new-geopolitical-flashpoint-for-ocean-shipping
Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced the sale of the 2013 built MR product tanker, STI Ville, for $32.5 million in July 2023. As the vessel is unencumbered, the Company will make no debt repayments associated with this sale.
Forward Looking StatementsMatters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections...
https://mfame.guru/scorpio-tankers-announces-sale-of-an-mr-product-tanker/
Την ενεργοποίηση option για την αγορά πέντε δεξαμενόπλοιων ανακοίνωσε η Scorpio Tankers.
H εταιρεία θα αποκτήσει δύο MR product tankers ναυπηγημένα το 2020 («STI Mighty» και «STI Maestro») και τρία MR product tankers ναυπηγημένα το 2019 («STI Modest», «STI Maverick» και «STI Millennia»). Tα πέντε MR tankers θα προστεθούν στον στόλο της Scorpio τον ερχόμενο Ιούλιο.
Την ίδια ώρα, η εισηγμένη στο Χρηματιστήριο της Νέας Υόρκης εταιρεία προχώρησε στην επαναγορά 2.009.179 κοινών μετοχών με μέση τιμή...
Scorpio Tankers Inc. (NYSE: STNG), a global provider of petroleum product transportation, has exercised purchase options on five additional ships as the company continues to reduce its debt. The company…
https://gcaptain.com/scorpio-tankers-adds-to-owned-fleet-with-more-purchase-options/
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Look at virtually any stock chart in any ocean shipping sector and you’ll see a similar pattern....
By Jack Wittels and Rodrigo Orihuela (Bloomberg) — A shipment of diesel at the center of a European Union sanctions-busting claim had an inconsistency in its paperwork. Spain’s biggest oil refiner,…
https://gcaptain.com/oil-cargo-in-sanctions-busting-claim-had-inconsistent-paperwork/
Russia — one of the world’s top energy providers — is mired in war. The OPEC cartel is cutting production. And yet, oil prices continue to tumble, weighed by global recession fears and concerns on Chinese demand.
For ocean shipping, this translates into cheaper marine fuel costs, a positive for operating margins, and much narrower fuel spreads, a negative for owners of vessels with exhaust gas scrubbers.
For listed tanker owners, the drop in oil prices is coinciding with faltering sentiment and...
https://www.freightwaves.com/news/as-oil-tumbles-marine-fuel-gets-cheaper-and-so-do-tanker-stocks
Scorpio Tankers Inc. (NYSE: STNG) announced on Tuesday that it has exercised its purchase options on six ships and has also repurchased additional common shares in the open market. In…
https://gcaptain.com/scorpio-tankers-purchases-more-ships-and-shares/
Monaco-based company Scorpio Tankers has exercised purchase options on six more product tankers.
The post Scorpio Tankers opts for six more product tankers appeared first on Offshore Energy.
https://www.offshore-energy.biz/scorpio-tankers-opts-for-six-more-product-tankers/