Scorpio Tankers Sells Five MR Product Tankers For $142.5M
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers has sold five MR product tankers for a total of $142.5 million. This move is part of the company's strategy to optimize its fleet and improve liquidity.
June 11, 2024 | 10:30 am
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Scorpio Tankers has sold five MR product tankers for $142.5 million. This sale is expected to help the company optimize its fleet and improve liquidity.
The sale of the tankers will provide Scorpio Tankers with significant liquidity, which can be used to pay down debt or reinvest in more efficient assets. This is likely to be viewed positively by investors, leading to a potential short-term increase in the stock price.
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