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.

by DANIEL LOGAN

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.

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Scorpio Tankers made USD 40.7 million in Q1

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Fearnley: Spot rates on crude oil transports have peaked

VLCC divestments drove Scorpio Tankers' profit in 2014

Orders for tankers at highest level in eight years

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

Seven Seas: Customers' green ambitions and actions don't align

DSV's strategy could block acquisition of DB Schencker

German bank to broker CO2 allowances to shipping customers

Jobs