A fresh $235m capital raise by Scorpio Tankers is expected to quickly increase the New York owner’s investment in the long-range-two (LR2) products-tanker market even as it pushes the company past the magic $1bn threshhold in market capitalisation.
TradeWinds was first to tip Scorpio’s move into LR2 tankers, which came about last week with the order of two firm units at South Korea’s Hyundai Samho Heavy Industires.
