• 2015 October 27 17:35

  Scorpio Tankers announces time charter-out agreements

  

  Scorpio Tankers Inc. has entered into time charter-out agreements with unrelated third parties on two ice class 1B MRs and one LR2, the company said in its press release.

  The term of the agreements for the ice class 1B MRs (STI Notting Hill and STI Westminster) is for three years at $20,500 per day, with each charter scheduled to commence by December 2015. The term of the agreement for the LR2 (STI Rose) is for three years at $28,000 per day, which is scheduled to commence during the first quarter of 2016.

  About Scorpio Tankers Inc.
  Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 79 product tankers (18 LR2, 14 Handymax, and 47 MR tankers) with an average age of 1.1 years and time or bareboat charters-in 13 product tankers (three LR2, two LR1, four MR and four Handymax tankers). The Company has contracted for eight newbuilding product tankers (four MR and four LR2 tankers). The four LR2s are expected to be delivered in 2016 (one per quarter), and the four MRs are expected to be delivered throughout 2017.

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