New York-listed Scorpio has banked a $51m gain on the sale of the seven tankers for the quarter after taking payment from General Maritime.

Scorpio confirmed the profit on the ships, which worked out at $500,000 for every day they were owned, among a number of updates today.

Analysts at RS Platou Markets believe income from the VLCC deal will help the owner to a $53m positive bottom line for the quarter.