Marine and Shipbuilding Monthly Journal
Seoul Ra-11997(ISSN: 2005-3061)



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    Scorpio Tankers Inc. Announces a Commitment for a New $172 Million Credit Facility for its Eight MR Product Tankers under Construction [Jan 2017] Scorpio Tankers Inc. announced today that the Company has received commitments for a loan facility of up to $172 million from a group of financial institutions including Macquarie Bank Limited (London Branch), DekaBank Deutsche Girozentrale,
    ...................................................................................................................[Press releases 2016]
    Scorpio Tankers Inc. Announces Amendments to Its Management Agreements [Sep 2016] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it has entered into an agreement to amend its Administrative Services Agreement with Scorpio Services Holding Limited ("SSH") and its Master Agreement with Scorpio Commercial Management ("SCM") and Scorpio Ship Management ("SSM").
    Scorpio Tankers Inc. Announces Financial Results for the Second Quarter of 2016 and Declaration of a Quarterly Dividend [Jul 2016] Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") today reported its results for the three and six months ended June 30, 2016 and declaration of a quarterly dividend. Results for the three months ended June 30, 2016 and 2015
    Scorpio Tankers Inc. Announces a Commitment for a New Loan Facility [Jul 2016] Scorpio Tankers Inc. announced today that the Company has received a commitment for a loan facility up to $300 million from ABN AMRO Bank N.V., Nordea Bank Finland plc, acting through its New York branch, and Skandinaviska Enskilda Banken AB. The loan facility will be used to refinance the existing indebtedness on 16 MR product tankers,
    Scorpio Tankers Announces Agreements to Time Charter-In Three Ice Class 1A Handymax Product Tankers [Feb 2016] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced agreements to time charter-in three ice class 1A Handymax product tankers. The Company has entered into time charter-in agreements with an unrelated third party on three ice class 1A Handymax product tankers.
    Scorpio Tankers Inc. Announces an Agreement to Sell Five MR Product Tankers [Feb 2016] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it has reached an agreement with an unrelated third party to sell five of its 2014 built MR product tankers (STI Chelsea, STI Lexington, STI Mythos, STI Olivia and STI Powai,) for approximately $166.5 million in aggregate.
    Scorpio Tankers Announces Upsizing of a Previously Announced Credit Facility [Jan 2016] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced the upsizing of its previously announced ING Credit Facility. In January 2016, the Company received a commitment to upsize its previously announced $87.0 million credit facility with ING Bank N.V. to $132.5 million.
    ...................................................................................................................[Press releases 2015]
    Scorpio Tankers Announces Updates of Its Newbuilding Program and Fleet, and a Commitment for a New Loan Facility [Nov 2015] The Company's options to construct an additional four MR product tankers, expiring in December, will not be exercised. The Company has currently contracted for 12 newbuilding product tankers (eight MR and four LR2 tankers). The four LR2s are expected to be delivered in 2016
    Scorpio Tankers Inc. Announces Time Charter-Out Agreements [Oct 2015] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it has entered into time charter-out agreements with unrelated third parties on two ice class 1B MRs and one LR2. The term of the agreements for the ice class 1B MRs (STI Notting Hill and STI Westminster) is for three years at $20,500 per day, with each charter scheduled to
    Scorpio Tankers Inc. Announces Update on Its Securities Repurchase Program [Sep 2015] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that the Company has purchased 994,201 of its common shares in the open market at an average price of $9.13 per share since the Company's previous announcement on August 24, 2015.
    Scorpio Tankers Inc. Announces an Agreement to Sell STI Highlander, Newbuilding Vessel Deliveries, and the Upsizing of a Previously Announced Credit Facility [Sep 2015] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today an agreement to sell STI Highlander, newbuilding vessel deliveries, and the upsizing of a previously announced credit facility.
    Scorpio Tankers Inc. Announces Update on Securities Repurchase Program and Delivery of Two LR2 Product Tankers [Aug 2015] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today an update on its Securities Repurchase Program and delivery of two LR2 product tankers. So far during the month of August 2015, the Company has purchased 1,716,155 of its common shares in
    Scorpio Tankers Inc. Announces Financial Results for the Second Quarter of 2015, Agreements for Four Newbuilding Contracts, and Declaration of a Quarterly Dividend [Jul 2015] For the three months ended June 30, 2015, the Company's adjusted net income was $57.5 million, or $0.35 basic and $0.32 diluted earnings per share,
    Scorpio Tankers Inc. Announces an Agreement to Acquire an MR Product Tanker [Jul 2015] Scorpio Tankers Inc. announced today that it has entered into an agreement to purchase an MR product tanker. The Company reached an agreement with an unrelated third party to purchase an MR product tanker that was built in 2014 at SPP of South Korea for approximately $37.1 million.
    Scorpio Tankers Inc. Announces Vessel Purchases, Newbuilding Vessel Deliveries and Q2 Earnings Release Date and Conference Call Details [Jul 2015] Scorpio Tankers Inc. announced today that it (i) has entered into separate agreements to purchase an MR product tanker and an LR2 product tanker that are currently under construction, (ii) has recently taken delivery of five newbuilding vessels
    Scorpio Tankers Inc. Announces Agreements to Acquire Four LR2 Product Tankers and Newbuilding Vessel Deliveries [May 2015] The Company reached agreements with two unrelated third parties to purchase an aggregate of four LR2 product tankers currently under construction at Sungdong Shipbuilding and Marine Engineering Co., Ltd. and Daehan Shipbuilding Co., Ltd. for approximately $60.0 million each.
    Scorpio Tankers Inc. Announces Newbuilding Vessel Deliveries [Apr 2015] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it has recently taken delivery of three newbuilding vessels. STI Pontiac, an MR product tanker, was delivered from Hyundai Mipo Dockyard of South Korea in March 2015. Upon delivery, this vessel began a time charter for up to 120 days at approximately $18,200 per day.
    Scorpio Tankers Inc. Announces Commitments for Two New Loan Facilities [Mar 2015] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it has received commitments from two leading European financial institutions for two separate loan facilities of up to $113.2 million in aggregate to partially finance the purchase of four LR2 product tankers that was announced in December 2014.
    Scorpio Tankers Inc. Announces Fourth Quarter Earnings Release Date and Newbuilding Vessel Deliveries [Feb 2015] Scorpio Tankers Inc. recently took delivery of an MR product tanker, STI Bronx, from SPP Shipbuilding Co., Ltd. of South Korea and also took delivery of a previously announced time chartered-in LR2 product tanker, Densa Crocodile. Upon delivery, STI Bronx began a time charter for up to 120 days
    Scorpio Tankers Inc. Announces Delivery of a Newbuilding LR2 and the Exercise of an Option on a Time Chartered-in LR2 [Feb 2015] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it has taken delivery of STI Alexis, an LR2 product tanker from Daehan Shipbuilding Co. Ltd. This vessel will begin a voyage for 52 days at approximately $33,500 per day.
    ......................................................................................................[Previous press releases 2014]
    Scorpio Tankers Inc. Announces Agreement to Purchase Newbuilding Contracts, Agreements to Sell Three of Its Older Vessels, Delivery of Six Vessels, and a Conference Call [Dec 2014] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it (i) has reached an agreement to purchase four LR2 newbuilding contracts and options to purchase two additional LR2 newbuilding contracts,
    Scorpio Tankers Inc. Announces Newbuilding Vessel Deliveries [Sep 2014] Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it has recently taken delivery of seven newbuilding vessels. The deliveries are as follows: STI Madison and STI Park, LR2 product tankers, were delivered from Hyundai Samho Heavy Industries in September 2014.
    [Jan 2014]: Scorpio Tankers Inc. Announces Delivery of a MR Newbuilding Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") announced today that it has taken delivery of a MR product tanker newbuilding, STI Opera, 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.
    [Jan 2014]: Scorpio Tankers Inc. Announces Agreements to Sell Two LR1 Product Tankers and Delivery of a MR Newbuilding 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.
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