Sponsored By

Scorpio Tankers exercises vessel purchase options

Scorpio Tankers is exercising purchase options on six vessels it has under lease.

Marcus Hand, Editor

March 14, 2023

1 Min Read
Scorpio Tankers
Scorpio Tankers

The NYSE-listed company has given notice on purchase options for two 2016 built LR2 product tankers - STI Grace and STI Jermyn, a 2019 built LR2 product tanker - STI Lavender, two 2019 built MR product tankers - STI Magnetic and STI Marshall, and the 2020 built MR product tanker STI Miracle.

The purchase options are expected to be effected in May this year.

Scorpio Tankers said the exercise of the option would result in a debt reduction of $149.8m.

Read more about:

Scorpio Tankers

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like