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Scorpio Tankers Announces TimeCharter

Maritime Activity Reports, Inc.

October 25, 2011

Scorpio Tankers Inc. has chartered-in a 2006 built LR2 product tanker (106,003 DWT), the Khawr Aladid. The vessel will be chartered-in for six months at $12,000 per day, and Scorpio Tankers has options to extend the charter for a period up to two years from delivery at $13,250 per day. The Khawr Aladid will participate in the Scorpio LR2 Pool, which is owned and operated by a related party.

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