Scorpio Tankers has unveiled a package of moves to fatten its balance sheet liquidity to $477.9m, or double its prevailing position over the past two years.
While the headline deal for the New York-listed owner is its sale of 12 LR1 product tankers to Hafnia for $413.8m, Scorpio also has sold two MRs at firm levels and is in refinancing talks with a lender for a further $27m cushion.
