02/03/2015at 14:26

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)

by DANIEL LOGAN

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.

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VLCC divestments drove Scorpio Tankers' profit in 2014

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Related articles:

Bugbee: Multiple year recovery ahead for product tanker

McQuilling: This is the tanker market for the next five years

Scorpio Tankers in open dispute with analysts

Sign up for our newsletter

Front page now

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Opinion: Maersk and MSC heading for direct confrontation over customers

New Russia sanctions could eventually leave Europe in drastic need of diesel

DSV denies savings plan but is attentive to costs

Euronav CEO defends decision to retain large dividend

Freight rates out of China continue to plummet

Further reading

DSV sees one advantage of downturn: It will be cheaper to buy competitors

End of 2M alliance could trigger a domino effect

Opinion: Maersk and MSC heading for direct confrontation over customers

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