Scorpio Tankers announces vessel purchases, newbuilding vessel deliveries
Scorpio Tankers Inc. has entered into separate agreements to purchase an MR product tanker and an LR2 product tanker that are currently under construction, has recently taken delivery of five newbuilding vessels and plans to issue its second quarter 2015 earnings before the market open on Wednesday, July 29, 2015 and will host a conference call later in the day at 10 AM Eastern Daylight Time and 4 PM Central European Summer Time, the company said in its press release.
Scorpio reached an agreement with an unrelated third party to purchase an MR product tanker that is currently under construction at Hyundai Mipo Dockyard Co. Ltd. of South Korea ("HMD") for approximately $37.0 million. This vessel is scheduled to be delivered in September 2015.
Scorpio also reached an agreement with an unrelated third party to purchase an LR2 product tanker that is currently under construction at Daehan Shipbuilding Co., Ltd. for approximately $58.5 million. This vessel is scheduled to be delivered in August 2015, whereupon Scorpio will bareboat charter-in the vessel at $10,000 per day for up to nine months. Scorpio Tankers will take ownership of the vessel at the conclusion of the bareboat charter.