|
Monaco - February 10, 2015 Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it plans to issue its fourth quarter 2014 earnings press release before the market open on Monday, March 2, 2015 and host a conference call on the same day. Additionally, the Company took delivery of an MR product tanker, STI Bronx, and a time chartered-in LR2 product tanker. Vessel Deliveries The Company recently took delivery of an MR product tanker, STI Bronx, from SPP Shipbuilding Co., Ltd. of South Korea and also took delivery of a previously announced time chartered-in LR2 product tanker, Densa Crocodile. Upon delivery, STI Bronx began a time charter for up to 120 days at approximately $18,000 per day, and Densa Crocodile began a voyage for 54 days at approximately $31,000 per day. Fourth Quarter Earnings Release Date The Company plans to issue its fourth quarter 2014 earnings press release before the market open on Monday, March 2, 2015 and hold a conference call on the same day. The time and details of the conference call will be announced at a later date. About Scorpio Tankers Inc. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 65 tankers (ten LR2 tankers, two LR1 tankers, 15 Handymax tankers, 37 MR tankers, and one post-Panamax tanker) with an average age of 1.3 years, time charters-in 21 product tankers (six LR2, five LR1, three MR and seven Handymax tankers), and has contracted for 16 newbuilding product tankers (eight MR and eight LR2), two of which are expected to be delivered in the first quarter of 2015, ten of which are expected to be delivered in the second quarter of 2015 and the remaining four vessels throughout 2016. The Company has also reached agreements to sell three of its older vessels (two LR1 tankers and one post-Panamax tanker). 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 
|
