Earlier this year, Scorpio (STNG) added ice-class Handy's and LR2's to its newbuild vessel mix.Now, it looks like the company plans to add LPG vessels, 5-10 Very Large Gas Carriers (VLGCs) to its fleet. Actually, STNG is switching its order on four LR2 vessels from LR2 vessels into fiveVLGC orders, plus options to build five more.http://finance.yahoo.com/news/scorpio-tankers-inc-announces-...
Nibbling a bit at stng after the predictable shortfall. STLL A BIT AHEAD OF ITSELF THOUGH. New bunch of 'investors'.I need to be owning it when we're at the bottom of intermediate rate cycles.JZ
BTW, they have created a (separate) dry bulk shipping entity. I think they just placed theirnewbuild orders in the last week or two.
I like the company, and RB who my partner has met with a few times. I also keep in mind the sentiments he stated here a while back:http://www.tradewindsnews.com/finance/311873/scorpio-not-don...I guess it could be a good relationship.jz
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