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Newbuilding Vessel Deliveries The Company recently took delivery of the following vessels: • STI Orchard, an LR2 product tanker, was delivered from Daewoo Shipbuilding and Marine Engineering in September 2014. This vessel will begin a voyage for 45 days at approximately $30,000 per day. • STI St. Charles, an MR product tanker, was delivered from SPP Shipbuilding of South Korea in September 2014. This vessel will begin a time charter for up to 120 days at approximately $17,000 per day. • STI Fulham and STI Camden, Handymax Ice Class 1A product tankers, were delivered from Hyundai Mipo Dockyard of South Korea in September 2014. Each vessel will begin a time charter for up to 120 days at approximately $14,750 per day. Time chartered-in LR2 The Company has agreed to charter-in an LR2 product tanker that is currently under construction in South Korea with delivery expected in January 2015. Upon delivery from the shipyard, the vessel will be chartered-in for one year at $21,050 per day. The Company also has an option to extend the charter for one year at $22,600 per day. About Scorpio Tankers Inc. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 44 tankers (four LR2 tankers, two LR1 tankers, eight Handymax tankers, 29 MR tankers, and one post-Panamax tanker) with an average age of 1.5 years, time charters-in 25 product tankers (eight LR2, five LR1, four MR and eight Handymax tankers), and has contracted for 31 newbuilding product tankers (16 MR, eight LR2, and seven Handymax ice class-1A product tankers), 17 are expected to be delivered to the Company throughout 2014 and 14 in 2015. The Company also owns approximately 16% 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 |
