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STI Onyx is the fifth of ten vessels scheduled for delivery under the Company's Newbuilding program. Upon delivery, the vessel began a time charter for up to 120 days at $18,500 per day plus an adjustment based on the fuel consumption. The vessel was partially financed by the Company's 2011 Credit Facility. 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 4.5 years, time charters-in fifteen vessels (two LR2, one 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 |
