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Scorpio

Read all the latest news about Scorpio. ShippingWatch gives you independent, credible, critical and fair news.

Scorpio chooses scrubbers for both fleets

Scorpio Group, which covers Scorpio Tankers and Scorpio Bulkers, will install scrubbers on most of ships for both its shipping companies. The group is currently negotiating with creditors to finance the scrubbers.

Scorpio Tankers has lost USD 100 million in six months

Scorpio Tankers has published figures revealing how the carrier has managed in the tough product tanker market in the first six months of 2018. A minus of USD 100 million, and even more vessels which have been sold and leased back again.

Scorpio Tankers' new management duo replays the eco card

Ex BP and Jellico executive Lars Dencker Nielsen sees no reason why Robert Bugbee and Emanuele Lauro's vision to conquer the product tanker market with a record-young fleet should not come true within the next couple of years. ShippingWatch has interviewed Scorpio Tankers' new commercial director.

Scorpio Group calls for better customer service from suppliers

Suppliers are not good enough at consulting and helping their customers when problems arise in relation to ballast water management systems, says Ole Christian Schrøder, Head of Compliance at Scorpio Group, which has so far spent USD 100 million on the systems.

Product tanker in intense consolidation race

The meetings to discuss product tanker mergers are intensifying, and many signs indicate that there will be fewer independent carriers in the segment by 2019. "Something will happen in 2018," stakeholders tell ShippingWatch.

Scorpio Bulkers buys four ships

Shortly after a failed attempt at raising capital, Scorpio Bulkers buys four vessels for a total USD 90 million. One vessel will be paid for in stock.

Tanker carriers could be hit by oil peak earlier than expected

The demand for oil could peak before many stakeholders expect, say several analysts. They advise tanker carriers to take it seriously when setting out future strategy, while there is some indication that at least one carrier is already in the midst of a transition.

Scorpio Bulkers believes in sustainable rates

The dry bulk carrier has halved its deficit in this year's third quarter, and according to CEO Emanuele Lauro, the carrier has faith in a market carried by sustainable rates which will last into 2018.

Bugbee: Maersk family will drive tanker consolidation

Robert Bugbee, CEO of Maersk Tankers' top competitor Scorpio Tankers, has great expectations for the Maersk family after its acquisition of Maersk Tankers. "I expect to see the Maersk family as a driving and consolidating force," he tells ShippingWatch.

Scorpio Tankers booked major deficit in the first half

Following the announced merger with Navig8, Scorpio Tankers delayed its interim report, published instead today, Monday, and which shows a deficit for the first six months. The numbers further underline the strain on the product tanker sector.

Navig8 shareholders say yes to merger with Scorpio

Navig8's shareholders have voted in favor of a merger with Scorpio Tankers which will create a new giant within product tanker. The merger is now expected to be finalized Sept. 1, according to Scorpio Tankers.

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