Scorpio Tankers shops more MR tankers

New York-listed Scorpio Tankers has been out shopping again, this time signing an agreement to take over four MR product tankers being built in South Korea.

Scorpio Tankers is not running out of steam, as the carrier seems to be snatching up ships with no end in sight. And yesterday, Thursday, was no exception. In a brief to the stock exchange, the company announced that it has signed an agreement to take over four new MR product tankers in return for issuing shares, including shares for the large Greek management company Ceres Hellenic Shipping Enterprises.

The four ships are currently being built at at a shipyard in South Korea and are expected to be delivered in the first quarter 2014. Scorpio Tankers already has other ships of the same type under construction at the yard, says the company. The price is around USD 151 million, which is, according to Tradewinds, a little higher than the original USD 132 million price of the order.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Nina Østergaard Borris takes over as USTC's CEO

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Further reading

Related articles

Latest news

See all jobs