Scorpio Tankers Inc. Announces Agreements to Sell Two LR1 Product Tankers
and Delivery of a MR Newbuilding

Monaco - January 27, 2014

Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") announced today that it has entered into agreements to sell its two, 2004 built, LR1 product tankers, Noemi and Senatore, for approximately $44.0 million en bloc. The sales are expected to close in March and April 2014.

The Company also announced the delivery of a MR product tanker newbuilding, STI Duchessa, from Hyundai Mipo Dockyard Co., Ltd. of South Korea. The vessel will be time chartered-out for up to 120 days at approximately $19,000 per day.

About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 20 tankers (one LR2 tanker, four LR1 tankers, one Handymax tanker, 13 MR tankers, and one post-Panamax tanker) with an average age of 4.3 years, time charters-in 30 product tankers (nine LR2, four LR1, eight MR and nine Handymax tankers), and has contracted for 64 newbuilding vessels (31 MR, 12 LR2, and 14 Handymax ice class-1A product tankers and seven VLCCs), 44 are expected to be delivered to the Company in 2014, 16 in 2015 and four in 2016. The Company also owns 30% of Dorian LPG Ltd. 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