Scorpio Tankers sells five ships and leases them back
Robert Bugbee's tanker carrier sells five product tanker ships as part of efforts to increase liquidity. The ships will be leased back on charter contracts.
by SØREN PICO
Scorpio Tankers, headed by president Robert Bugbee, has signed so-called sale and leaseback deals for five ships in an effort to boost the tanker shipping company's liquidity.
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