Scorpio Tankers is marketing for sale two five-year-old products carriers in a move it expects will illustrate that the company’s stock is trading well below its net asset value.
Scorpio management today confirmed market chat that it is circulating for sale the 52,000-dwt STI Fontvielle and STI Ville (both built 2013) through brokers Clarksons and Fearnley.
Scorpio president Robert Bugbee tells TradeWinds he would expect any sale to be concluded for cash within the second quarter.
