Ureda family behind Scorpio product acquisitions

Splash understands the two product tankers sold earlier this week by Scorpio Tankers are heading to Compania Maritime Chilena (CMC), the firm controlled by the Ureda family who sold boxline Compania Chilena de Navegacion Interoceanica (CCNI) to Hamburg Sud two years ago.

NYSE-listed Scorpio Tankers sold the 2013-built MR product tankers STI Sapphire and STI Emerald for a total of $56.4m.

The new ships will double CMC’s tanker fleet. Like the other product tanker pair CMC controls, the new vessels are expected to go on charter to Chile’s state refiner, ENAP.

Scorpio, meanwhile, 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.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.


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