New York-listed Scorpio confirmed the sale of three capesizes, a trio of LR1s and a single kamsarmax yesterday in deals previously uncovered by TradeWinds.
Ben Nolan, an analyst tracking Scorpio for Stifel, says the sale “should drown any financing concerns” for the owner.
Nolan explained in a note to clients: “We estimate that Scorpio was able to sell the capesize and kamsarmax vessels for about $44m and $27.5m
