Scorpio Sells Seven VLCC Newbuildings

Scorpio Tankers Inc. has entered into an agreement to sell its seven Very Large Crude Carriers (VLCCs) under construction for cash and record a gain of approximately $50 million.

This transaction is subject to the execution of definitive agreements and satisfaction of customary closing conditions and is expected to close by the end of March 2014.

Subsequent to this transaction, Scorpio has 56 newbuilding product tankers on order with HMD, SPP, HSHI and DSME (30 MRs, 14 Handymaxes and 12 LR2s) expected to be delivered to the company throughout 2014 and 13 in 2015.

 

March 14, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >