Marine Link
Monday, July 16, 2018

Scorpio Buys Two Product Tankers

Maritime Activity Reports, Inc.

July 14, 2015

Photo: Scorpio Tankers Inc

Photo: Scorpio Tankers Inc

 Scorpio Tankers has purchased an MR product tanker, currently under construction at Hyundai Mipo Dockyard, for around $37mln and a LR2 product tanker, currently under construction at Daehan Shipbuilding, for around $58.5mln.

 
MR product tanker is scheduled for delivery in September and LR2 product tanker, is scheduled for delivery in August.
 
Scorpio Tankers will initially bareboat charter-in the LR2 product tanker at $10,000 per day for up to nine months, before taking over the ownership of the vessel.
 
Scorpio Tankers did not reveal the unrelated sellers of the tankers.
 
The additions follow the May acquisition of four LR2 product tanker newbuildings for around $60m each, three of which were acquired from Oslo-listed Navig8 Product Tankers.
 
Scorpio recently took delivery of five newbuilding vessels, comprising of three MR product tankers and two LR2 product tankers. The MR product tankers, STI Brooklyn, STI Westminster and STI Seneca, will start their voyages in the spot market.
 
Scorpio Tankers Inc. is engaged in seaborne transportation of crude oil and refined petroleum products in the international shipping markets. 
 
The Company's subsidiaries include Noemi Shipping Company Limited, Senatore Shipping Company Limited, Venice Shipping Company Limited and Sting LLC. The Company’s vessels are technically managed by Scorpio Commercial Management S.A.M. (SCM). 
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