Sponsored By
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.
1 Min Read

Kalyakan - stock.adobe.com
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
Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community
You May Also Like