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Scorpio Tankers takes product carrier trio on charter

Scorpio Tankers has dived into the time charter market to take in three ice class 1A handymax product tankers from an unspecified party.

Each agreement is for three years at $15,600 per day, and Scorpio has two consecutive one year options to extend the agreements at $16,500 per day and $17,500 per day, respectively. The time charters are expected to commence before the end of March 2016. In addition, the company has the option to time charter-in up to four additional ice class 1A handymax product tankers under the same terms.

 

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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