Tanker

Tanker fleet sale pulls Scorpio Tankers out of liquidity problems

Scorpio Tankers has been plagued by earnings and liquidity issues for long, however, the sale of 14 tankers will fundamentally change the carrier’s negative tendencies in 2022, estimates Jefferies in an analysis.
Photo: PR/Scorpio Tankers
Photo: PR/Scorpio Tankers
by DAG HOLMSTAD

A significant sale of 14 tanker vessels has filled up the treasure trove at Scorpio Tankers, enabling the carrier to remove debts and prepare for the utilization of what is expected to be a good year within product tanker, estimates investment bank Jefferies in a research of the Scorpio Tankers’ vessel sales to, among others, the tanker line’s biggest rival, Hafnia.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs