The tanker owner is one of five major shareholders to register their entire holdings with the SEC, for disposal "from time to time."

The total offering of 33.78m shares equals 58.5% of Dorian’s capital and would be worth $436.56m at the maximum proposed price of $12.92 each.

The stock closed at $12.91 on Wednesday in New York.

Scorpio Tankers could sell all of its 9.39m