Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Scorpio Tankers inks sale-leaseback for five MRs with Bocomm

Scorpio Tankers inks sale-leaseback for five MRs with Bocomm
Scorpio Tankers Inc. has entered into a sale-and-leaseback deal with China’s Bank of Communications Financial Leasing (Bocomm Leasing) for five secondhand MR product tankers.

As at 28 September 2017, three of the five vessel transactions have been completed, boosting Scorpio Tankers’ liquidity by approximately $21m in aggregate after the repayment of the outstanding debt.

The sale price for each vessel is $27.5m, and Scorpio Tankers will bareboat charter-in the ships for a period of seven years at $9,025 per day per vessel.

Scorpio Tankers also has three one-year options to extend the bareboat charter agreements beyond the initial term. In addition, the company has purchase options starting the end of the fifth year and until the end of the agreements.

The vessels, all built in 2012, are STI Amber, STI Topaz, STI Ruby, STI Garnet and STI Onyx.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

Category-Promo-ST1088TMSR Web Banners-05.png