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August 24, 2015
05:21 EDTSTNGScorpio Tankers reports update on newbuilding program, delivery of tanker
Scorpio Tankers has amended its agreement with Hyundai Mipo Dockyard Co. Ltd. of South Korea, or HMD, to construct MR and Handymax product tankers. The company has contracted for four MR product tankers to be built at HMD for approximately $34.5M and has options to construct up to 10 more MR product tankers with fixed delivery dates and at fixed prices. The four vessels are scheduled for delivery in Q1 and Q2 of 2017. Previously, the company had ordered two MR product tankers for approximately $34.5M and two Handymax product tankers for $32.5M and had options to construct up to six more MR product tankers and six more Handymax product tankers with delivery. The company recently took delivery of an MR product tanker that was built in 2014 at SPP Shipbuilding Co., Ltd. of South Korea, STI Memphis. Upon delivery, this vessel began operating in the Scorpio MR Pool.

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