Scorpio Tankers Sell Two, Receive New MR Tankship

Monaco-based Scorpio Tankers says it has entered into agreements to sell its two 2004 built, LR1 product tankers, 'Noemi' and 'Senatore' and has also taken delivery of a MR product tanker newbuilding, 'STI Duchessa', from Hyundai Mipo Dockyard Co., Ltd. of South Korea.

The sales of the two 2004-built tankships for altogether US$44 million are expected to close in April 2014.

The new vessel, STI Duchessa, is fixed to be chartered out for up to 120 days at approximately $19,000 per day.

About Scorpio Tankers Inc.
Scorpio Tankers Inc. currently owns 20 tankers (one LR2 tanker, four LR1 tankers, one Handymax tanker, 13 MR tankers, and one post-Panamax tanker) with an average age of 4.3 years, time charters-in 30 product tankers (nine LR2, four LR1, eight MR and nine Handymax tankers), and has contracted for 64 newbuilding vessels (31 MR, 12 LR2, and 14 Handymax ice class-1A product tankers and seven VLCCs).

www.scorpiotankers.com