Scorpio Tankers Sells Two MR Product Tankers For $36.15M Per Vessel
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers Inc. has completed the sale of two MR product tankers for a total of $72.3 million, equating to $36.15 million per vessel. This strategic move could impact the company's financial position and operational capacity.

March 20, 2024 | 5:31 am
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Scorpio Tankers Inc. has sold two MR product tankers for $36.15 million each, totaling $72.3 million. This sale could influence the company's financial health and stock price.
The sale of significant assets like MR product tankers for a substantial amount could provide Scorpio Tankers with a financial boost, potentially improving its balance sheet and investor sentiment. This could lead to a positive short-term impact on the stock price, assuming the market views the sale as a strategic move to strengthen the company's financial position or to reinvest in more profitable ventures.
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