Scorpio, in its earnings report, revealed it had won a $30m margin term loan with Japanese lender Nomura Securities International, secured by its full shareholding in Dorian.
The loan drew some attention during Dorian’s quarterly conference call this week as analysts tried to work out its significance.
On 1 April, Scorpio had about 3.9 million Dorian shares, giving it about 16% of the very large gas carrier (VLGC) owner.
