Scorpio Tankers lands long-term LR2 cover and shores up cash with triple sale

Monaco-based product tanker owner Scorpio Tankers has locked in long-term cover for two LR2s while agreeing to sell three ships, a move set to boost its cash position by about $110m. The New York-listed company said it has fixed the 2017-built 110,000 dwt STI Rambla for eight years at $30,500 per day. The charter is …

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