Seeking Alpha

Scorpio Tankers (STNG) reaches agreements with two yards in Korea to construct a minimum of five...

Scorpio Tankers (STNG) reaches agreements with two yards in Korea to construct a minimum of five and up to 10 newbuilding vessels designed to carry liquefied petroleum gas. Also, STNG takes delivery of its ninth newbuilding MR product tanker, agrees to time charter-in a 2013-built LR2 product tanker, and declares options on two existing time chartered-in vessels. STNG +1.5% AH.
Comments (2)
  • joelkatz
    , contributor
    Comments (509) | Send Message
     
    STNG is really running ahead of their competitors, envisioning the future of high petro prices.
    2 Jul 2013, 05:01 PM Reply Like
  • therealevan
    , contributor
    Comments (158) | Send Message
     
    I almost thought they were done with newbuild orders.. Glad to see them stepping into LPG.
    2 Jul 2013, 06:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs