Scorpio Tankers up on $39 mln sale of product tanker
16/01/2024 15:06
** Shares of shipping company Scorpio Tankers Inc STNG.N
rise 1.36% at $65.58
** Co to sell the 2015-built Medium Range(MR) product
tanker, STI Tribeca, for $39.1 mln
** Co expects the sale to close within Q1
** Co also exercises its purchase options on one 2015-built
MR product tanker and four 2014-built Handymax product tankers
** The purchases, expected to occur in the first half of
2024, will result in a debt reduction of $61.1 mln for STNG
** Up to last close, stock up 6.41% YTD
(Reporting by Roshia Sabu in Bengaluru)
((Roshia.Sabu@thomsonreuters.com))
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