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 and Scorpio Bulkers on Monday...

October 16, 2018
Total Views: 50

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 three LR1 product tankers....

February 4, 2015
Total Views: 4

Thursday, September 11, 2014
Scorpio bulkers
Maritime News

Tax-Free MLPs Sweeping the Shipping Industry

Master limited partnerships, tax- exempt companies that pay investors most of their income at the cost of added risk, are spreading in the shipping industry.

September 11, 2014
Total Views: 24

Wednesday, August 13, 2014
containership newbuild dsme
Maritime News

Scorpio’s Giant Boxships ‘To Earn $50,000 Daily’

Scorpio Group has probably lined up a bareboat rate of about $50,000 daily for the long-term charter of about 15 years’ duration of three, 19,200 TEU box ships that market reports suggest the shipowner has just ordered, according to Arctic Securities.

August 13, 2014
Total Views: 7

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 construction.

March 19, 2014
Total Views: 4

Thursday, December 12, 2013

Scorpio Bulkers Raises $305 Million in NYSE Debut

Scorpio was able to raise $305 million in gross proceeds.

December 12, 2013
Total Views: 14

Wednesday, December 11, 2013
scorpio tankers

U.S. Fuel Sales to Asia Poised for Record in Shale Boom

The biggest U.S. oil boom in almost a quarter century is prompting refiners in the Gulf of Mexico to book the most tankers since at least 2011 to ship products to Asia, signaling a monthly record in cargoes.

December 11, 2013
Total Views: 1

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 company's entry into the VLCC market.

December 3, 2013
Total Views: 2

Scorpio Bulkers Orders Eight Newbuilds for $242 Million

Newly established Scorpio Bulkers Inc. (OSLO-OTC: SALT) announced Tuesday that it has entered into agreements for the purchase of six Kamsarmax and two Ultramax drybbulk vessels at three different yards for a purchase price of approximately $242 million.

December 3, 2013
Total Views: 4

Monday, November 18, 2013
yawning man lazy tired

Scorpio Yawns as Star Bulk Buys Pair of Ultramaxes

Dry bulk shipping firm Star Bulk Carriers (Nasdaq: SBLK), announced today signed agreements to acquire two recently-built Ultramax bulk carriers, the M/V “Supra Challenger I” and M/V “Supra Challenger II”...

November 18, 2013
Total Views: 2

Friday, November 8, 2013
scorpio bulkers

Scorpio Bulkers Buys 10 More Newbuilds

Scorpio Bulkers has just announced a USD $278 million order for 10 more bulk carriers today, all of which are due for construction at Japanese and Chinese shipyards. The order...

November 8, 2013
Total Views: 2

Tuesday, October 29, 2013
dorian LPG

Scorpio Trades VLGC Newbuilds for Dorian LPG Stake

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 all eleven of Scorpio’s Very Large Gas Carrier...

October 29, 2013
Total Views: 11

Tuesday, October 22, 2013
scorpio tankers

Scorpio Dominates in Biggest Wager on Tankers Since ’08

Oct. 22 (Bloomberg) — Scorpio Tankers Inc. is leading the biggest construction boom for vessels hauling diesel and oil products since the recession five years ago with plans to have...

October 22, 2013
Total Views: 12

Monday, October 7, 2013
scorpio bulkers

Scorpio Bulkers Goes Big Into Dry Bulk with $455 Million Newbuild Acquisition

Scorpio Bulkers has snatched up 15 bulk carrier newbuilds from yards in Japan and China today in a $455 million acquisition, an order which will more than double its fleet...

October 7, 2013
Total Views: 3

Thursday, October 3, 2013
crown63 ultramax sinopacific shipbuilding

Paragon Shipping Acquires Ultramax Newbuilds

Paragon Shipping Inc. (NASDAQ: PRGN), an Athens-based dry bulk shipper has announced an acquisition worth approximately $53.0 million for two 63,500 dwt Ultramax bulk carriers currently under construction at Yangzhou Dayang Shipbuilding,...

October 3, 2013
Total Views: 13

Thursday, September 19, 2013
scorpio tankers

Scorpio Tankers Picks up 4 More Product Tanker Newbuilds

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 cash, and a transfer...

September 19, 2013
Total Views: 0

Monday, August 19, 2013
wilbur ross
Engineering News

Ross Sees Cargo Rebound on China Shipbuilding Limits

Aug. 20 (Bloomberg) — Wilbur Ross, the billionaire investor in struggling industries, says Chinese limits on shipbuilding will help the cargo market overcome the excess of carriers that led to...

August 19, 2013
Total Views: 0

Wednesday, July 3, 2013
scorpio tankers

Scorpio Enters the Gas Transportation Market with $370 Million Newbuild Order

Scorpio Tankers Inc. (NYSE: STNG) has announced a big investment into the liquefied petroleum gas (LPG) transportation sector. The product tanker owner has just signed newbuild contracts for at least 5,...

July 3, 2013
Total Views: 3

Thursday, May 30, 2013
scorpio tankers

Scorpio Ends Eco Buying Spree With a Bang

With a total 54 newbuilds on order, NYSE-listed Scorpio Tankers says its appetite for fuel-efficient product tankers has finally been satisfied.

May 30, 2013
Total Views: 0

Tuesday, March 26, 2013
scorpio tankers

Scorpio Tankers Adds Six to Newbuild Total

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, bringing its closely watched...

March 26, 2013
Total Views: 3