Scorpio Tankers Fixes Newbuilding Pair

Monaco-based tanker owner Scorpio Tankers has found work for two of its LR2 product tanker newbuildings delivered this month from South Korean shipyards.

STI Lombard was delivered from Daehan Shipbuilding under the previously announced bareboat charter-in agreement for USD 10,000 per day. Upon delivery, the vessel began a voyage for 45 days at approximately USD 45,000 per day.

STI Kingsway was delivered from Sungdong Shipbuilding and Marine Engineering, immediately starting a voyage for 46 days at approximately USD 45,000 per day.

Scorpio Tankers in August purchased 1,716,155 of its common shares in the open market at an average price of USD 10.48 per share, as part of its USD 250 million securities repurchase program authorized back in May.

The company currently has USD 227.6 million remaining under its securities buyback program.

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