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Scorpio Tankers lines up loans for LR2 newbuildingsScorpio Tankers lines up loans for LR2 newbuildings

Scorpio Tankers has lined-up two loan facilities worth a total of $113.1m to partially finance four LR product tanker newbuildings.

Marcus Hand, Editor

March 20, 2015

1 Min Read
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The US-listed tanker owner has received commitments from two undisclosed European financial institutions for a $52m and $61.2m loan facility. The $52m loan will be used to partially finance two LR2 newbuildings under construction at Daehan Shipbuilding Co, while the $61.2m loan will partially fund two LR2 newbuildings being built at Sungdong Shipbuilding & Marine Engineering.

The loans are subject to execution of documentation and the vessels are due to be delivered between Q1 and Q3 2016.

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.

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