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To Charter-In A Handymax Product Tanker Monaco - (Marketwire) - April 6, 2011 - Scorpio Tankers Inc. (NYSE: STNG) (the "Company" or "Scorpio Tankers") announced today that it has entered into an agreement to charter-in a 2007 built Handymax ice class 1B product tanker (37,312 DWT), the Kazdanga. This vessel will be chartered-in for one year at $12,345 per day and is expected to be delivered in June 2011. The agreement includes an option for Scorpio Tankers to extend the charter for an additional year at $13,335 per day. The Kazdanga will participate in the Scorpio Handymax Tanker Pool, which is owned and operated by a related party. 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, four Handymax tankers, and one post-Panamax tanker with an average age of 5.5 years. Additionally, the Company currently has chartered in one LR1 and four Handymax product tankers, including the Kazdanga, which is expected to be delivered in June 2011. Additional information about the Company is available at the Company's website www.scorpiotankers.com. Scorpio Tankers Inc. press release |
