Scorpio Tankers acquires two product tanker newbuilds

Scorpio Tankers acquires two product tanker newbuilds

Monaco: New York-listed Scorpio Tankers has announced that it has purchased an MR product tanker and a LR2 product tanker, both currently under construction at Korean yards.

Scorpio acquired the MR product tanker, currently under construction at Hyundai Mipo Dockyard, for around $37m. The vessel is scheduled for delivery in September .

It also reached an agreement with another party to purchase an LR2 product tanker, currently under construction at Daehan Shipbuilding, for around $58.5m. The vessel is scheduled for delivery in August, and Scorpio said it will bareboat charter the vessel at $10,000 per day for up to nine months and take ownership at the conclusion of the charter.

The additions follow the May acquisition of four LR2 product tanker newbuildings for around $60m each, three of which were acquired from Oslo-listed Navig8 Product Tankers.

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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