Welcome to our dedicated page for Scorpio Tankers news (Ticker: STNG), a resource for investors and traders seeking the latest updates and insights on Scorpio Tankers stock.
Scorpio Tankers Inc. (NYSE: STNG) is a leading international provider of marine transportation services for refined petroleum products. With a diverse fleet of 110 product tankers, the company operates 39 LR2, 57 MR, and 14 Handymax tankers. This fleet is recognized as the largest, newest, and most eco-friendly on the water, dedicated to hauling clean petroleum products globally.
Headquartered in Monaco, Scorpio Tankers Inc. focuses on chartering its vessels to various oil majors, national oil companies, and trading and transportation companies. The majority of its revenue is generated from its MR vessels, which are highly efficient in transporting refined petroleum products.
In recent news, Scorpio Tankers Inc. has signed a non-binding Memorandum of Understanding with Fowe Eco Solutions Ltd. to install fuel emulsion systems across its entire fleet. This initiative is aimed at reducing fuel costs by at least 3% and cutting down 100,000 tons of carbon emissions annually, marking a significant step towards sustainability.
Scorpio Tankers' commitment to innovation and environmental responsibility is evident through its ongoing projects and partnerships. The company is well-positioned to benefit from the global demand for clean and efficient transportation solutions.
For investor relations or more information, you can contact James Doyle, Head of Corporate Development & Investor Relations at +1 646-432-1678 or via email at investor.relations@scorpiotankers.com.
On December 17, 2021, Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased call options on 50,000 common shares for $225,000. The options have a strike price of $10.00 and expire in January 2023. Scorpio Tankers is engaged in the marine transportation of petroleum products, operating 131 product tankers with an average age of 5.9 years. The company is proactive in disclosing forward-looking statements about its operations, acknowledging various risks and uncertainties that may impact future performance.
On December 14, 2021, Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased 200,000 call options on common shares for $465,000. The options have a strike price of $14.00 and expire in July 2022. Scorpio Tankers owns and operates 131 product tankers, with an average age of 5.9 years, specializing in marine transportation of petroleum products worldwide.
Scorpio Tankers (NYSE:STNG) announced a $70.2 million sale and leaseback of two LR2 product tankers, STI Gallantry and STI Guard, enhancing liquidity by $27.9 million. The company will bareboat charter the vessels for 10 years with purchase options after four years. Additionally, Scorpio secured a $43.6 million credit facility, increasing liquidity by $5.1 million after refinancing two LR1 tankers. Ongoing discussions aim to increase liquidity by up to $28.9 million through refinancing four vessels, alongside $18 million in additional committed financing.
On December 7, 2021, Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee acquired 100,000 call options for common shares, costing $260,000. The call options have a strike price of $14.00 and expire in July 2022. Scorpio Tankers operates 131 product tankers with an average age of 5.9 years, providing marine transportation for petroleum products globally. The company has emphasized its commitment to transparency regarding forward-looking statements, acknowledging uncertainties in its operations and the broader market landscape.
Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee has purchased 300,000 call options on the company's common shares for $825,000. These options have a strike price of $15.00 and will expire in January 2023. Scorpio Tankers operates a fleet of 131 product tankers globally, with an average age of 5.9 years, providing transportation for petroleum products. This move by the President may indicate confidence in the company's future performance.
Scorpio Tankers Inc. (STNG) reported a net loss of $73.3 million or $1.34 per share for Q3 2021, significantly worsening from a loss of $20.2 million in the same quarter last year. For the nine months ended September 30, 2021, losses totaled $188.4 million, up from a profit of $170.4 million in 2020. The company declared a quarterly cash dividend of $0.10 per share. TCE revenue dropped to $118.6 million, a decrease of $58 million year-over-year. Despite improved liquidity with $228.9 million in cash, ongoing market challenges related to the COVID-19 pandemic continue to impact operations.
Scorpio Tankers (NYSE: STNG) will release Q3 2021 earnings on November 11, 2021, scheduled for 8:30 AM EST. A conference call will follow, accessible via the company’s website. Scorpio Tankers operates a diversified fleet of 131 tankers, primarily for petroleum transportation, with a weighted average age of 5.8 years. This announcement highlights the company's commitment to transparency and investor engagement in the upcoming earnings report, reflecting its operational stability.
Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased call options for 50,000 common shares at a total price of $230,000. The options have a strike price of $15.00 and will expire in January 2023. Scorpio Tankers operates a fleet of 131 product tankers, averaging 5.6 years in age, for the marine transportation of petroleum products globally.
On August 12, 2021, Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased 100,000 call options on the company's common shares for a total of $465,000. The options have a strike price of $15.00, set to expire in January 2023. Scorpio Tankers operates a fleet of 131 product tankers, averaging 5.6 years in age, providing marine transportation of petroleum worldwide. This strategic purchase indicates management's confidence in the company’s future performance amidst market uncertainties.
Scorpio Tankers has announced that President Robert Bugbee purchased 100,000 call options on the company's common shares, totaling $448,000. These options have a strike price of $15.00 and will expire in January 2023. Scorpio Tankers, a leading provider of marine transportation for petroleum products, currently operates 131 product tankers with an average age of 5.6 years. This insider activity may suggest confidence in the company's stock performance.
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