NYSE:STNGOil and Gas
Scorpio Tankers Reshapes Fleet And Earnings Mix With Vessel Sales And Orders
Scorpio Tankers (NYSE:STNG) has agreed to sell six vessels for roughly $300 million as part of a wider fleet reshuffle.
The company is pairing these disposals with newbuilding orders for both product and crude tankers, indicating a renewed fleet profile.
The combined actions represent a significant repositioning of Scorpio Tankers’ asset base and earnings mix.
For investors tracking NYSE:STNG, this fleet repositioning comes with the stock at $79.74 and returns of 60.5% year to date and...