Net income plummets Scorpio Tankers

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Scorpio Tankers has reported a sharp decline of the net income for[ds_preview] the first nine months of the year. In the reporting period, several credit facilities with banks like HSH, DVB and ABN Amro have been executed. For the nine months ended September 30, Scorpio announced a net income of 4.8mill. $. This reflects a huge decline as the corresponding period of 2015 had led to a net income of 183.5mill. $. The adjusted result for this year was 18.7mill. $, which excludes from net income a 2.1 mill. $ loss on sales of vessels and an aggregate write-off of 14.5 mill. $ of deferred financing fees.