Page 14 - Robert Bugbee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Operator Hello, and welcome to the Scorpio Tankers Inc., first-quarter 2021 conference call. I would like to turn the call over to Brian Lee, chief financial officer. Please go ahead, sir. Brian Lee -- Chief Financial Officer Thank you, Stephanie, and thank everyone for joining us today. Welcome to the Scorpio Tankers first-quarter earnings conference call. On the call with me are Emanuele Lauro, chief executive officer; Robert Bugbee, president; Cameron Mackey, chief operating officer; Lars Dencker Nielsen, commercial director; David Morant, managing director; and James Doyle, senior financ...

Another shipping stock bites the dust as big tanker fleets merge The same cast of characters has been in tanker circles for years. If their company goes bust, they pop up somewhere else. Sometimes they fight with each other. Sometimes they cooperate. Occasionally, they sell their entire fleets to one another (and re-emerge after their non-competes expire). One such rare fleet deal was announced Wednesday morning: New York-based International Seaways (NYSE: INSW) will merge with Connecticut-based Diamond S Shipping (NYSE: DSSI) in an all-stock transaction, with International Seaways the surviv...

Capital Link virtual conference panel Both owners and analysts see a positive path ahead for the product tanker market in 2021, particularly in the second half of the year. Lead shipping analyst at Jefferies Inc., Randy Giveans  wrote in his recent research report on the products sector: “We believe refined products tanker rates are on the road to recovery, especially in the latter half of this year as inventories are worked down and markets normalize post Covid-19.” A panelist at Capital Link’s early March International Shipping Conference, Tony Gurnee, the CEO of Ardmore Tanker...

Scorpio Tankers Inc. Announces Purchase of Call Options by President of the Company March 08, 2021 17:15 ET | Source: Scorpio Tankers Inc. Scorpio Tankers Inc. New York, New York, UNITED STATES MONACO, March 08, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that the President of the Company, Robert Bugbee, has purchased call options on an aggregate of 210,000 common shares (or 2,100 call option contracts) of the Company for total consideration of $649,000.  There are 1,500 call o...

All eyes turn to timing of tanker rate resurrection Crude tankers are seeing “classic signs of recovery.” “Newbuilding orders are extremely low. Orders this year are the lowest in 25 years.” On the product-tanker side of the equation, “refineries are shutting down so products are being shipping from further away, which is very interesting from a ton-mile point of view.” Those quotes are from a shipping conference in New York in 2011, a full decade ago. A few quotes circa-2017: “New capacity additions for global refineries are set to double, a positive for global volumes and prod...