Scorpio Tankers upsizes loan with ING Bank

The tanker owner has upsized a $87m credit facility with ING to $1.32m bearing an interest rate LIBOR plus 1.95% a year.

The proceeds of the loan will be used to partially finance the purchase of the vessel STI Lombard, which the Scorpio Tankers currently charters in, and the refinancing of a 2015-built MR product tanker.