scorpio tankers

Monday, March 13, 2023

Scorpio Tankers Exercises Purchase Options for Six Ships

Product tanker shipping company Scorpio Tankers (NYSE: STNG) announced Monday that it has exercised purchase options on six ships that will reduce its debt by

March 13, 2023
Total Views: 2036

Friday, February 17, 2023

Product Tankers Hitting It Out of the Park

By Barry Parker (gCaptain) – February 5th, when the price caps on Russian refined products kicked in, was a pivotal day for the MR and LR1 tanker

February 17, 2023
Total Views: 3024

Monday, November 21, 2022
Peter Georgiopoulos

Peter Georgiopoulos, ‘An Inspiration to Many’, Looks to the Future

By Barry Parker (gCaptain) Marine Money’s “Ship Finance Forum” in New York attracted a superb roster of speakers, informing a spirited group of attendees

November 21, 2022
Total Views: 1338

Tuesday, November 1, 2022

Scorpio Tankers Scores a Homerun as Product Tankers Hit It Out of The Park

By Barry Parker (gCaptain) – Tanker stocks have been among the biggest gainers this year, propelled by the recovery in demand following the pandemic, the

November 1, 2022
Total Views: 2815

Monday, October 24, 2022

Scorpio Tankers Exercises Purchase Options on Eight Ships

Scorpio Tankers Inc. (NYSE:STNG) has exercised purchase options for eight tankers along with the repayment of a credit facility that will reduce the

October 24, 2022
Total Views: 1251

Friday, September 9, 2022

Product Tanker Markets Are Humming: This Time It Could Be Different

By Barry Parker (gCaptain) – “All of these markets are humming” was the report from Lars Dencker Nielsen, the Commercial Director     

September 9, 2022
Total Views: 1718

Monday, August 8, 2022

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

August 8, 2022
Total Views: 2700

Monday, August 1, 2022

Inflation Hits Oil Tanker Newbuild Prices Hard

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

August 1, 2022
Total Views: 3251

Thursday, July 28, 2022

Scorpio Says Russian Oil Ban Will Supercharge Tanker Market

Scorpio Tankers (NYSE: $STNG) reported the biggest quarterly profit in its history on Thursday, and said that tonne-miles will go “through the

July 28, 2022
Total Views: 5357

Monday, February 14, 2022

Product Tanker Prospects: Divergent Views and Unanswered Questions

When listed companies host investor conference calls, the best information usually comes out from the seemingly perfunctory “Q and A” sessions- when equity

February 14, 2022
Total Views: 1672

Thursday, January 27, 2022

A Salve for The Sluggish Tanker Market’s Stings

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-

January 27, 2022
Total Views: 1130

Thursday, August 12, 2021

Scorpio Tankers President Robert Bugbee Continues to Binge on STNG Call Options

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

August 12, 2021
Total Views: 1366

Tuesday, May 18, 2021
oil tanker loading

‘The Big Short’ Investor Buys Into Shipping

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

May 18, 2021
Total Views: 7767

Tuesday, October 16, 2018
Maritime News

Scorpio to Install Scrubbers on 146 Vessels Across Tanker and Bulker Fleets

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

October 16, 2018
Total Views: 69

Wednesday, September 19, 2018

Scorpio Tanker Ransacked by Pirates Off West Africa

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

September 19, 2018
Total Views: 98

Wednesday, September 2, 2015
Maritime News

Tankers Take 4,000-Mile Detour as Oil Prices Plunge

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

September 2, 2015
Total Views: 28

Tuesday, July 28, 2015

Photos Show Damage to Scorpio Tanker After Collision with Cruise Ship

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

July 28, 2015
Total Views: 232

Wednesday, February 4, 2015
scorpio tanker ice-class
Maritime News

Scorpio Bulkers Swaps Capesize Newbuilds for Product Tankers

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

February 4, 2015
Total Views: 11

Wednesday, March 19, 2014

Scorpio Banks $50 Million Off Newbuild VLCC Resale

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

March 19, 2014
Total Views: 12

Tuesday, December 3, 2013
scorpio tankers

Scorpio Adds Seven VLCCs to Newbuild Orderbook

NYSE-listed Scorpio Tankers (NYSE: STNG) announced Tuesday that it has entered into agreements for the construction of seven VLCC newbuilds, marking the

December 3, 2013
Total Views: 4