Monaco - July 24, 2018
Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that the Company has signed an agreement to purchase 55 ballast water treatment systems from Ecochlor, Inc. (“Ecochlor”). Installations are expected to begin in the fourth quarter of 2018 and continue to the end of 2022. Scorpio Tankers will also become a minority shareholder in Ecochlor.
Emanuele Lauro, Chairman & CEO of Scorpio Tankers said, “We are delighted to be working with Ecochlor, given their best-in-class technology. Reliability and quality were primary considerations for us, given our commitment to safeguarding the environment and complying with the complex regulatory guidelines for ballast water treatment.”
About Scorpio Tankers Inc.
Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The Company currently owns or finance leases 109 product tankers (38 LR2 tankers, 12 LR1 tankers, 45 MR tankers and 14 Handymax tankers) with an average age of 3.0 years and time or bareboat charters-in 17 product tankers (two LR2 tankers, eight MR tankers and seven Handymax tankers).
Scorpio Tankers Inc. press release