Scorpio Tankers Orders 4 LR2 Tankers

Scorpio Tankers Inc. informs it has entered agreements to purchase four LR2 product tankers. The company has also recently taken delivery of three newbuilding vessels.


Scorpio Tankers reached agreements with two unrelated third parties to purchase an aggregate of four LR2 product tankers currently under construction at Sungdong Shipbuilding and Marine Engineering Co., Ltd. and Daehan Shipbuilding Co., Ltd. for approximately $60 million each. These vessels are expected to be delivered between June and August 2015.

The company also recently took delivery of the following newbuild vessels:

STI Lauren, an LR2 product tanker, was delivered from Daewoo Shipbuilding and Marine Engineering of South Korea in April 2015. Upon delivery, this vessel began a voyage for 57 days at approximately $37,000 per day

STI Connaught, an LR2 product tanker, was delivered from Hyundai Samho Heavy Industries of South Korea in May 2015. Upon delivery, this vessel began a voyage for 60 days at approximately $34,000 per day.

STI Osceola, an MR product tanker, was delivered from Hyundai Mipo Dockyard of South Korea in April 2015. Upon delivery, this vessel began a time charter for up to 120 days at approximately $19,500 per day.