Scorpio Tankers has secured fresh financing for a string of eight medium range product tanker newbuildings.
The $172m loan comes from a combination of conventional lenders and export credit agencies and represents the last piece in the company's funding jigsaw.
“What this has done is removed a big question mark by analysts and investors over the capital structure of STNG (Scorpio Tankers),” president Robert Bugbee told TradeWinds.
Spiro
