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A 2007 built MR ice-class 1B product tanker will be time chartered-in for one year at $13,332 per day and is expected to be delivered by the end of December 2012. The agreement includes an option for the Company to extend the charter for an additional year at $14,319 per day. A 2008 built LR2 product tanker will be time chartered-in for one year at $16,050 per day and is expected to be delivered by the end of the first quarter 2013. The agreement includes an option for the Company to extend the charter for an additional year at $17,050 per day. A 2007 built Handymax product tanker, which already is time chartered by the company, will be time chartered-in for one additional year at $12,600 per day and is expected to be delivered by the end of April 2013. The agreement includes an option for the Company to extend the charter for an additional year at $13,550 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 20 vessels (four LR2, three LR1, eight MR and five Handymax tankers), and has contracted for eleven newbuilding MR's (three are expected to be delivered to the Company in the first half of 2013 and the remaining eight by the end of September 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 |
