Scorpio Tankers receives STI Gladiator, Highlander

Aug. 10, 2010
Scorpio Tankers Inc has taken delivery of STI Gladiator and STI Highlander. The aggregate purchase price for both vessels was $50.0 million. STI Gladiator and STI Highlander are the final two of the six vessels the company previously agreed to acquire in April and May 2010

Scorpio Tankers Inc has taken delivery of STI Gladiator and STI Highlander. The aggregate purchase price for both vessels was $50.0 million. STI Gladiator and STI Highlander are the final two of the six vessels the company previously agreed to acquire in April and May 2010.

STI Gladiator, a 40,000-dead-weight-ton (DWT) product tanker, was built in 2003 at Shina Shipbuilding Co Ltd in South Korea, and STI Highlander, a 37,000-DWT product tanker, was built in 2007 at Hyundai Mipo Dockyard in South Korea. The vessels will participate in the Scorpio Handymax Tanker Pool, which is owned by a related party and includes a total fleet of 36 vessels.

More information is available at www.scorpiotankers.com.

Related