BW Group has bought 6m shares in VLGC competitor Dorian LPG in a transaction with Scorpio Tankers.

Scorpio Tankers Inc has entered into subsale agreements to buy two newbuilding product tankers at two separate South Korea Shipyards for a combined price of $95.5m.

Scorpio Tankers has lined up share offering to fund a likely acquisition of three LR2 product tankers.

Scorpio Tankers made a profit of $52m in 2014, more than three times its 2013 result as its bottom line was boosted by VLCC newbuild contract sales.

As the dry bulk market continues to scrape along the bottom Scorpio Bulkers is switching three more newbuilding contracts for capesize bulkers to LR1 product tankers,

Scorpio Bulkers has modified six capesize newbuilding contracts into contracts for six LR2 tankers, and has sold four of them to sister company Scorpio Tankers.

Scorpio Tankers is continuing its fundraising efforts with a $45m bond issue.

Scorpio Tankers will charter-in a newbuild LR2 product tanker when it sails from a Korean yard in January 2015.

Scorpio Tankers has purchased a newbuild product tanker being built at SPP Shipbuilding in South Korea, due for delivery next month, for $37.1m.

Scorpio tankers has started a programme to buy back a further $150m of its common stock.