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BREAKING NEWS
Scorpio Tankers pounces on six more leased ships
New York-listed Scorpio Tankers continues to reduce its debt by exercising more purchase options.
The Emanuele Lauro-led operator of 113 product tankers has opted to buy six leased ships in a move that will slash the debt by $147.3m.
The deal, expected to close in June, includes the 2019-built LR2 STI Lobelia and five MR product tankers STI Magic, STI Mystery, STI Marvel, STI Mythic, and STI Magister.
The move follows the Monaco-based company’s $149.8m debt reduction action last month, which saw purchase options taken on another six ships.
Source: Splash247.com
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