STNG News and Press, Scorpio Tankers Inc. From 07/12/23

MONACO, July 12, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced the sale of the 2013 built MR product tanker, STI Ville , for $32.5 million in July 2023.  As the vessel is unencumbered, the Company wil...

2023-07-05 15:43:32 ET Summary Danish tanker operator TORM plc has seen a choppy performance in 2023, with its stock down by -3% YTD, compared to a 300% return in 2022. Despite short-term headwinds, underlying conditions for the industry look promising, with longer ton-miles and l...

2023-07-03 00:47:28 ET Summary Ardmore Shipping's stock price has decreased by over 30% in the past three months due to decreased MR tanker TCE rates. However, the company's strong financial position and Russian and U.S. Gulf refined product exports should prevent its quarterly di...

2023-06-27 08:00:00 ET Summary Marine Money Week is the top shipping conference in the United States. The events were held this year in NYC from June 20-22. Our team attended the conference and we met with over 20 shipping firms and attended the key shipping sector panels. A l...

MONACO, June 27, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has received commitments from a group of financial institutions for a previously announced $1.0 billion term loan and revolving credi...

2023-06-22 06:37:14 ET Scorpio Tankers ( NYSE: STNG ) has received a commitment from DekaBank Deutsche Girozentrale for a credit facility of up to $94M to finance one MR product tanker and three LR2 product tankers. The credit facility has a final maturity of five years from t...

MONACO, June 22, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has received a commitment from DekaBank Deutsche Girozentrale for a credit facility of up to $94 million. The credit facility will be...

2023-06-08 09:13:27 ET Summary Healthcare Realty is the largest pure play Medical Office Buildings (MOB) REIT in the United States. The REIT has a forward dividend yield of 6.6% and is well-covered by a 75% payout ratio. With the stock down more than 30% over the last year, we...

2023-06-06 06:52:12 ET Summary Scorpio Tankers is a good investment option for someone looking for exposure to the product tanker market. Company is trading at 2/3rds of current NAV, implying 50% upside from here. With a young fleet, reasonable market conditions, and managemen...

2023-06-02 04:41:05 ET Summary Frontline reported a net income of $199.63 million, or $0.90 per diluted share, for the first quarter of 2023. Another solid quarter. Frontline's Q2'23 outlook looks very positive. Frontline declared a cash dividend of $0.70 per share in 1Q23. ...