Scorpio Tankers announces agreements to construct one newbuilding, sell three Handymax vessels, and time charter-in two MR product tankers

The seventh newbuilding is scheduled to be delivered in April 2013.

Scorpio Tankers further announced it has sold three Handymax product carriers for a total consideration of 53.4 million US-Dollar: the STI Conqueror for 21 million US-Dollar, the STI Gladiator for 16.2 million US-Dollar, and the STI Matador for 16.2 million US-Dollar. The sales of the three vessels are expected to close in April 2012.

The company also has chartered-in two MR product tankers:
- The Pacific Duchess, a 2009 built MR product tanker (46,697 DWT), will be chartered-in for one year and is expected to be delivered in early March 2012. The agreement includes an option to extend the charter for an additional year.
- The Targale, a 2007 built MR product tanker (49,999 DWT), will be chartered in for two years and is expected to be delivered in May 2012. The agreement includes three consecutive options to extend the charter, each for an additional year.