Scorpio Tankers has confirmed it is closing in on a string on new financing initiatives that will address liquidity concerns.
Analysts tell TradeWinds the development is a significant achievement for Scorpio Tankers given the challenges in obtaining finance today.
New York-listed Scorpio Tankers has seen its shares struggle this year as investors focus on bond payments due in 2019.
TradeWinds reported last night Scorpio Tankers was set to unveil a plan to raise more than $300m in new liquidity.
