Scorpio Tankers Inc. has announced earnings guidance for the three months ended September 30, 2014 and delivery of an MR product tanker, STI Mayfair, the company said in its press release.
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.
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.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 45 tankers (four LR2 tankers, two LR1 tankers, eight Handymax tankers, 30 MR tankers, and one post-Panamax tanker) with an average age of 1.5 years, time charters-in 25 product tankers (eight LR2, five LR1, four MR and eight Handymax tankers), and has contracted for 30 newbuilding product tankers (15 MR, eight LR2, and seven Handymax ice class-1A product tankers), 16 are expected to be delivered to the Company throughout 2014 and 14 in 2015. The Company also owns approximately 16% of Dorian LPG Ltd.