Scorpio Tankers to Sell Two Product Tankers (USA)

Scorpio Tankers Inc. 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.

Scorpio Tankers, January 27, 2014

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