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Scorpio to sell seven VLCCs

Scorpio to sell seven VLCCs
Scorpio Tankers has agreed to sell seven of its under-construction VLCCs for a $50m profit.

The sale will leave the New York listed tanker owner with at $1.6bn 56-vessel orderbook, spread across Hyundai Mipo Dockyard, SPP Shipbuilding, Hyundai Samho Heavy Industries and Daewoo Shipbuilding and marine Engineering.

Quartlery payments for the 30 Mrs, 14 Handymaxes and 12 LR2s peak at $422m in the third quarter of this year.

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