ShippingWatch

Scorpio Tankers made USD 40.7 million in Q1

New York-listed Scorpio Tankers achieved a net income of USD 40.7 million in the first quarter of the year. The result was mainly attributed to an increased number of vessels in the fleet and higher TCE rates.

Scorpio Tankers delivered a net income of USD 40.7 million in the first three months of 2015. The result includes a one-off gain of USD 2.0 million related to completion of the sale of three vessels in the period.

The company achieved a net income of USD 53.3 million in the same period 2014, though this result was primarily caused by the sale of seven VLCC newbuildings, for a total USD 51.4 million.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Sovcomflot divests from sanctioned tanker fleet

Russian tanker operator Sovcomflot, which has been subject to sanctions following Russia’s invasion of Ukraine, makes a significant divestment from its tanker fleet. One of the buyers is Eastern Pacific Shipping.

Further reading

Related articles

Latest news

See all jobs