Scorpio Tankers is pursuing a three-pronged approached to restructuring its balance sheet that does not include a further issuance of equity, its president told TradeWinds.
Robert Bugbee said this week the New York-listed owner is evaluating increased credit lines with conventional lenders, sale-leaseback contracts and outright sale of vessels as it prepares to meet $637.4m in debt maturities in 2019.
