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Monaco - April 24, 2015 Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it has recently taken delivery of two newbuilding vessels and will have a conference call on Monday April 27, 2015. The Company recently took delivery of the following vessels: • STI Oxford, an LR2 product tanker, was delivered from Hyundai Samho Heavy Industries Co. Ltd. ("HSHI"). Upon delivery, this vessel began a voyage for 50 days at approximately $41,000 per day. • STI Queens, an MR product tanker, was delivered from SPP Shipbuilding Co., Ltd. of South Korea ("SPP"). Upon delivery, this vessel began a time charter for up to 120 days at approximately $18,000 per day. Earnings Release and Conference Call The Company plans to issue its first quarter 2015 earnings before the market open on Monday, April 27, 2015 and will host a conference call later in the day at 9:30 AM Eastern Daylight Time and 3:30 PM Central European Summer Time. Conference Call Details: Monday, April 27, 2015 at 9:30 AM Eastern Daylight Time and 3:30 PM Central European Summer Time Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-(800)-839-7875 (U.S.) or 1 (913)-643-4201 (International). The conference participant passcode is 5101768. The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information. There will also be a simultaneous live webcast over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. Webcast URL: http://www.visualwebcaster.com/event.asp?id=102203 About Scorpio Tankers Inc. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 67 tankers (12 LR2 tankers, 15 Handymax tankers, and 41 MR tankers) with an average age of 0.8 years, time charters-in 21 product tankers (five LR2, five LR1, four MR and seven Handymax tankers), and has contracted for 11 newbuilding product tankers (five MR and six LR2), seven 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 two of its older LR1 vessels. 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 |
