Tankers See Strongest Market in 25 Years
By Kwaku Gyasi and Alex Longley (Bloomberg) — Tankers hauling everything from diesel to gasoline are experiencing a period of strength not seen in at
By Kwaku Gyasi and Alex Longley (Bloomberg) — Tankers hauling everything from diesel to gasoline are experiencing a period of strength not seen in at
Crude oil tanker owners’ shares are up today on news that increasing newbuild rates are driving up the value of existing fleets and could prevent the
Scorpio Tankers (NYSE: $STNG) reported the biggest quarterly profit in its history on Thursday, and said that tonne-miles will go “through the
When listed companies host investor conference calls, the best information usually comes out from the seemingly perfunctory “Q and A” sessions- when equity
The 2021 Q4 earnings reports will soon be coming in. While shipping investors have done well with container and drybulk names, the tanker market has struggled-
Robert Bugbee, the well-known President of NYSE-listed Scorpio Tankers (NYSE: STNG), spent another $465,000 on STNG call options on Wednesday, bringing his
A new SEC filing shows that the Scion Asset Management, the private investment firm founded and led by famed investor Dr. Michael Burry, purchased about $10.5
Monaco-based shipping group Scorpio is going all-in on exhaust gas scrubbers in to order to comply with the IMO’s 2020 sulphur cap. Both Scorpio Tankers
A product tanker was attacked by a group of armed pirates on Monday while at an anchorage off the coast of Guinea in West Africa. The IMB Piracy
By Manisha Jha (Bloomberg) — Slumping oil prices are spurring 4,000-mile (6,400-kilometer) diversions of tankers filled with diesel and jet fuel as the
Some new photos and video from the Besiktas Shipyard in Turkey show the extent of damage sustained by a handymax tanker following its collision with a cruise
13 months after placing an order for twenty Capesize bulk carriers, Scorpio Bulkers is modifying their order and instead swapping out three of their Capes for
Scorpio Tankers Inc. (NYSE: STNG) says it is set to make $50 million in cash on the resale of it's seven newbuild VLCC's still under
NYSE-listed Scorpio Tankers (NYSE: STNG) announced Tuesday that it has entered into agreements for the construction of seven VLCC newbuilds, marking the
Dorian LPG Ltd., a pure-play LPG shipping company based in Stamford, Connecticut has entered into an agreement with Scorpio Tankers (NYSE: STNG) to acquire
Oct. 22 (Bloomberg) — Scorpio Tankers Inc. is leading the biggest construction boom for vessels hauling diesel and oil products since the recession five
Scorpio Tankers Inc. (NYSE: STNG) has announced that four MR product tankers under construction in South Korea will be added to their fleet in exchange for
Scorpio Tankers Inc. (NYSE: STNG) has announced a big investment into the liquefied petroleum gas (LPG) transportation sector. The product tanker owner has
With a total 54 newbuilds on order, NYSE-listed Scorpio Tankers says its appetite for fuel-efficient product tankers has finally been
Scorpio Tankers Inc. (NYSE: STNG) on Tuesday said it has agreed to construct six additional eco-friendly, LR2 product tankers for a total cost of $300 million,
Join the 84,801 members that receive our newsletter.
Have a news tip? Let us know.