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.
