Scorpio Tankers Inc. Announces Third Quarter Earnings Guidance and Delivery of STI Mayfair

Scorpio Tankers Inc. yesterday announced earnings guidance for the three months ended September 30, 2014 and delivery of an MR product tanker, STI Mayfair.

Third quarter 2014 earnings guidance

The Company expects a third quarter 2014 loss per share to be within a range of $0.01 to $0.04 per share. This range does not include an estimate for the Company’s share of profit or loss (equity in earnings) from Dorian LPG for the three months ended September 30, 2014.

Newbuilding vessel delivery

The Company recently took delivery of an MR product tanker, STI Mayfair, from SPP Shipbuilding of South Korea. Upon delivery, this vessel began a time charter for up to 120 days at approximately $18,000 per day.
Source: Scorpio Tankers Inc