Scorpio Awards Six Newbuild Tankship Contracts

Press Release
Tuesday, December 11, 2012
A Scorpio Tankship: Photo credit Scorpio Tankers

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. The contract price for each of the newbuildings and fixed-price options is approximately $33.0 million.

Emanuele Lauro, chief executive officer and chairman of the Scorpio Tankers board commented, "We are pleased to announce the agreements for six additional 'eco' newbuildings, plus fixed-price options, subsequent to our recently completed equity offering. We are delighted by the support of our shareholders as we establish a leading position in the product tanker market. As we approach what is traditionally the strongest season, we are seeing stronger rates across all of our sectors."

Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. They currently own one LR2 tanker, four LR1 tankers, one Handymax tanker, five MR tankers, and one post-Panamax tanker with an average age of 4.7 years, time charters-in 18 vessels (three LR2, three LR1, seven MR and five Handymax tankers), and has contracted for eleven newbuilding MR's (three are expected to be delivered to the Company in the first half of 2013 and the remaining eight by the end of September 2014).

 


Shipbuilding

NASSCO Christens LNG-ready Tanker Constitution

On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly

California: A Strong Shipbuilding State

Fifth in the nation for direct employment, California shipbuilding and repair industry supports nearly 35,000 jobs; Maritime Administrator highlights economic importance

Intermarine's Industrial Skipper Completes Maiden Voyage

Intermarine, LLC announced the July delivery of the M/V Industrial Skipper from Shandong Huanghai shipyard in Rongcheng, China. The ship transported modules to Corpus Christi,

Tanker Trends

NASSCO Christens LNG-ready Tanker Constitution

On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly

Veg Oils Can Benefit Tankers

A number of product tankers, with certain characteristics, can carry edible oils (also called veg oils) as well as oil products, meaning that veg oil trade should

Worldscale Flat Rates to Fall Again

The concept of Worldscale is not an easy principle to grasp, particularly for those outside the tanker industry, says Weekly Tanker Market Report by Gibson.   The

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0744 sec (13 req/sec)