Scorpio Tankers Adds Two More to Newbuild Order List
Scorpio Tankers says it has entered into separate agreements to purchase an MR product tanker, and an LR2 product tanker.
Scorpio Tankers says it will purchase two more newbuild vessels, an MR product tanker and an LR2 product tanker, both currently under construction.
Scorpio Tankers Inc. (Scorpio Tankers) Monday announced that it has\u00a0entered into separate agreements to purchase two more newbuild vessels, an MR product tanker and an LR2 product tanker, both currently under construction.
The company says it has reached an agreement with an unrelated third party to purchase the MR product tanker for approximately $37 million, which is currently under construction at South Korean shipyard, Hyundai Mipo Dockyard Co. Ltd..
The company says it also reached an agreement with another third party to purchase an LR2 product tanker for approximately $58.5 million, which is currently under construction at Daehan Shipbuilding Co., Ltd.
The company has recently taken delivery of five newbuild vessels.
Scorpio tankers says it will bareboat charter-in the LR2 product tanker at $10,000 per day for up to nine months, after which it will take ownership of the vessel.\u00a0
The two vessels are scheduled to be delivered in September and August 2015, respectively.
The company also says it has recently taken delivery of five newbuild vessels and also plans to issue its second quarter 2015 earnings before the market open on July 29, 2015.
Skangas duel fuel LNG carrier Coral Energy (image credit/Skangas)
Liquified natural gas (LNG) bunker tanker Coralius has made its first trip loading and delivering LNG to and from Norwegian ports, according to trade press reports.
The 5,800 cubic meter capacity tanker, which is owned by Norwegian gas company Skangas, was delivered to the company in June. Skangas also operates LNG carrier Coral Energy.
OPEC Cutback Extension to be Discussed in November, But Developments Could Render Any Deal Meaningless
Analysts say everything from Saudi exploration to rising tensions with North Korea could radically alter the dynamics of the international market. File Image / Pixabay
Ever since the Organization of the Petroleum Exporting Countries (OPEC) extended the duration of its production cuts earlier this year to March of 2018, speculation has been rampant that the meager cutback volume coupled with the large number of members