Scorpio offloads MR tanker pair

NYSE-listed Scorpio Tankers has agreed to sell a pair of MR product tankers for a total of $56.4m.

The two 2013-built tankers, STI Sapphire and STI Emerald, are expected to be delivered to their new undisclosed owners in June 2017.

Scorpio said it will use the funds to repay the $27.6m outstanding secured debt owed on the vessels, while it will also record a write-down of around $9.3m on the sale.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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