Scorpio Tankers Bolstering Fleet

Scorpio Tankers Inc. announced today that it has reached an agreement with an unrelated third party to purchase an MR product tanker that is currently under construction at SPP Shipbuilding Co., Ltd. of South Korea.

The purchase price of the vessel is $37.1 million with delivery expected in September 2014.

The company recently took deliveries of two MR product tankers, STI Dama from SPP and STI Olivia from Hyundai Mipo Dockyard of South Korea.

Upon delivery, both vessels began time charters for up to 120 days at approximately $18,000 per day.

[mappress]
Press Release, August 18, 2014