A 2007 built LR1 product tanker will be time chartered-in for one year at $12,500 per day and is expected to be delivered by the end of January 2013. The agreement includes an option for the Company to extend the charter for an additional six months at $14,250 per day.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns one LR2 tanker, four LR1 tankers, one Handymax tanker, five MR tankers, and one post-Panamax tanker with an average age of 4.7 years, time charters-in 17 vessels (two LR2, three LR1, seven MR and five Handymax tankers), and has contracted for five newbuilding MR's (three are expected to be delivered to the Company in the first half of 2013 and two in January 2014). Additional information about the Company is available at the Company's website www.scorpiotankers.com, which is not a part of this press release.
Scorpio Tankers Inc. press release