Wednesday, March 13, 2013

Scorpio’s Eco Appetite Still Whet

Scorpio Tankers (NYSE: STNG) announced Wednesday yet another equity offering, giving a strong indication that the company will continue its buying spree of ‘eco’ product tankers. Scorpio priced the offering...

March 13, 2013
Total Views: 2

Tuesday, March 5, 2013
Maritime News

Scorpio and Tsakos Set to Profit on Increased U.S. Production of Refined Products

(Bloomberg) — Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of three-decades-old laws banning most crude exports. Earnings for...

March 5, 2013
Total Views: 1

Thursday, February 28, 2013
scorpio tankers
Maritime News

Scorpio Orders Six New Fuel-Efficient Product Tankers

MONACO – New York-listed Scorpio Tankers (STNG) on Thursday said that it has exercised options for the construction of four fuel-efficient MR product tankers and two ice-classed Handymax product tankers...

February 28, 2013
Total Views: 0

Wednesday, February 13, 2013
scorpio tankers
finance

Financiers Hold the Throttle, and Key, to Shipping as Shipowners Lack Discipline

The 19th annual Hellenic-American and Norwegian-American Chambers of Commerce shipping conference was held yesterday at the Waldorf-Astoria hotel in New York City. The event was co-chaired by Brian Devine, a Partner at...

February 13, 2013
Total Views: 2

Friday, February 1, 2013
scorpio tankers
finance

Scorpio Finalizes $130 Million Deal for 4 New Tankers, Evercore Reiterates Overweight Rating

Scorpio Tankers Inc. (NYSE: STNG) announced today that it has finalized their agreement with SPP Shipbuilding Co., Ltd. of South Korea (SPP) for the construction of four MR product tankers for...

February 1, 2013
Total Views: 0

Thursday, January 31, 2013
scorpio tankers
finance

Scorpio Tankers 30.7 Million-Share Offering Priced at 5.2% Discount

Scorpio Tankers Inc.’s (STNG) offering of 30.7 million shares priced at a 5.2% discount of Tuesday’s close. The company will sell the shares at $7.50 each, below Tuesday’s closing price...

January 31, 2013
Total Views: 0

Tuesday, December 11, 2012

Scorpio Goes on ‘Eco’ Binge

NYSE-listed Scorpio Tankers Inc. (STNG), a global provider of marine transportation of petroleum products, on Monday announced that it has ordered a total of 6 new eco-friendly Medium Range product tankers. Scorpio...

December 11, 2012
Total Views: 2

Monday, July 23, 2012
scorpio tankers
finance

Scorpio Tankers Accepts Deliver of the STI Amber, Funding for Newbuild Program Extended

Scorpio Tankers Inc. (NYSE: STNG) announced today that it has signed an agreement with its lenders to extend the availability period of its $115 million newbuilding credit facility until January 31, 2014.  This...

July 23, 2012
Total Views: 0

Friday, December 23, 2011
Maritime News

Scorpio Tankers Secures $92M Loan and Signs Newbuilding Contract with Hyundai Mipo

MONACO – Scorpio Tankers Inc. (NYSE: STNG) announced that it has  signed a contract with South Korea’s Hyundai Mipo Dockyard Co. (HMD) to construct a 52,000 DWT Medium Range (MR) product...

December 23, 2011
Total Views: 8

Monday, June 6, 2011
Maritime News

Scorpio Tankers Announces Signing of Newbuilding Contracts

MONACO- (Marketwire – Jun 6, 2011) – Scorpio Tankers Inc. (NYSE: STNG) announced that it has signed contracts with Hyundai Mipo Dockyard Co. Ltd. of South Korea to construct five 52,000...

June 6, 2011
Total Views: 0