VLCC divestments drove Scorpio Tankers' profit in 2014

US-based tanker giant Scorpio Tankers achieved a USD 52.1 million net result in 2014, mainly attributed to the sale of seven VLCC supertankers. (being updated)

New York-listed product tanker giant Scorpio Tankers delivered a USD 52.1 million net income in 2014, compared to USD 17 million in 2013.

The improvement was mainly attributed to the divestment of seven VLCCs under construction in March 2014. The carrier's adjusted net income excluding the VLCC sale and other one-off items came to USD 7.7 million.

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