Scorpio Tankers Enters Agreement to Sell Product Tanker …

first_imgzoom Scorpio Tankers Inc. has entered into an agreement to sell its 2008 built, LR2 product tanker, STI Spirit, for $30.2 million. The sale is expected to close in April 2014.Scorpio Tankers Inc. currently owns 21 tankers (one LR2 tanker, four LR1 tankers, one Handymax tanker, 14 MR tankers, and one post-Panamax tanker) with an average age of 3.9 years. The company has time charters-in 30 product tankers (nine LR2, five LR1, seven MR and nine Handymax tankers), and has ordered 63 newbuilding vessels (30 MR, 12 LR2, and 14 Handymax ice class-1A product tankers and seven VLCCs). 43 vessels are expected to be delivered to the Company throughout 2014, 16 in 2015 and four in 2016. The Company also owns approximately 26% of Dorian LPG Ltd.Scorpio Tankers, February 20, 2014last_img read more