NYSE-listed Scorpio Tankers announced today that it has signed agreements for the construction of six newbuilding LR2 product tankers (114,000 dwt). Four out of six will be constructed by Hyundai Samho Heavy Industries Co., while the remaining two will be constructed by Daewoo Shipbuilding and Marine Engineering. They will cost approximately $ 50 million each and will be delivered within 2014. Both the agreements include options at a fixed price for the construction of additional units LR2. These newbuildings come with fixed-price options for the construction of additional LR2 vessels.
The company has also announced that yesterday it has taken delivery of the seventh MR product tanker under its newbuilding program, STI Emerald, and that the vessel began a time charter for up to 120 days at $19,500 per day plus an adjustment based on the fuel consumption.
In addition, Scorpio Tankers announced that it has signed three time charter agreements: two LR2 product tankers (a 115,756 dwt, 2011 built, and a 115,592 dwt, 2010 built) each for one year at approximately $16,000 and a Handymax product tanker, ice-class 1B, (37,217 dwt, 2004 built) for one year at approximately $12,700 per day. The Company also has an option to extend the charter for an additional year at $14,000 per day.
Topic: Scorpio Tankers announces six newbuildings, three time-charter agreements and on (Read 1501 times)