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Four European banks approve new loans to Scorpio Tankers

Following a deficit in this year's first quarter, several new loans are now secured for the world's largest product -tanker carrier. The company expects additional transactions in the coming weeks.

Photo: Scorpio Tankers/PR

Scorpio Tankers has secured new credit facilities with four European banks after booking a significant deficit in this year's first months and having sold ships for millions of dollars.

The new loans have ensured new liquidity of around USD 195.9 million via three different insitiutions. After the carrier repays USD 142 million, USD 53.9 will remain in liquidity, writes Scorpio Tankers, which is led by CEO Robert Bugbee.

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