Scorpio Tankers shares shot up sharply in New York trading today after it stamped out concerns around liquidity with $334m in fresh funding.
Stock in the world’s largest product tanker owner was trading up over 12% following positive reviews from analysts on the new package, including an upgrade from DNB Markets.
TradeWinds first reported last night Scorpio had taken steps to address its balance sheet in response to investor concern around a July 2019 bond payment.
