Scorpio Tankers Inc. announced yesterday that it has taken delivery of STI Garnet, the fourth vessel under its previously announced Newbuilding program, the delivery of STI Coral, and agreements to time charter-in additional vessels.
Delivery of STI Garnet
The Company took delivery of STI Garnet, the fourth of ten vessels scheduled for delivery under the Company’s Newbuilding program. Upon delivery, the vessel began a time charter for up to 120 days at $16,250 per day plus an adjustment based on fuel consumption. The vessel was partially financed by drawing down $23.0 million on its Newbuilding Credit Facility with Credit Agricole Corporate and Investment Bank and Skandinaviska Enskilda Banken AB.
Delivery of STI Coral
The Company completed the previously announced sale of STI Coral for $25.25 million.
[mappress] Shipbuildingtribune Staff, September 21, 2012