Scorpio Tankers enters several sale-and-leaseback agreements

Product tanker carrier Scorpio Tankers announces new commitments to sell vessels in order to lease them back again. The company has also received commitments on a USD 21 million loan to refinance debt.

Photo: PR/Scorpio Tankers

Scorpio Tankers now reports of several agreements entered to strengthen the Robert Bugbee-led shipping company's liquidity.

The agreements include the carrier receiving commitments to sell four product tankers through so-called sale-and-leaseback agreements, similar to ones Scorpio Tankers has entered on other occasions.

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