Monaco: Scorpio Tankers Takes Delivery of STI Ruby

Scorpio Tankers Inc. announced that it has taken delivery of STI Ruby, the third MR vessel under its previously announced Newbuilding program.

STI Ruby is the third 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 $18,250 per day plus an adjustment based on the 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.

About Scorpio Tankers Inc.

Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns one LR2 tanker, four LR1 tankers, one Handymax tanker, four MR tankers, and one post-Panamax tanker with an average age of 5.1 years, time charters-in twelve vessels (one LR1, five Handymax and six MR tankers), and has contracted for seven newbuilding MR’s, two of which are expected to be delivered to the Company in September 2012, three in the first quarter of 2013 and two in January 2014.


Source: Scorpio Tankers Inc., September 7, 2012