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Scorpio Awards Six Newbuild Tankship Contracts

Scorpio Tankers Inc executes options with Korean shipyards Hyundai Mipo Dockyard & signs intent with SPP Shipbuilding Co. Two MR product tankships are to be built by Hyundai Mipo anf four with SPP Shipbuilding. The six newbuildings are scheduled to be delivered to Scorpio in the second and third quarters of 2014. The Company also has fixed-price options to construct eight additional MR product tankers.