WELCOME TO SHIPSPOTTING.COM
Description:
Destination: Montreal, Canada
Previous port of call: Amsterdam Anchorage 7, Netherlands
https://www.marinelog.com/news/scorpio-in-803-million-swoop-on-19-trafigura-products-tankers/
Scorpio in $803 million swoop on 19 Trafigura products tankers
September 24, 2019
Scorpio Tankers Inc. (NYSE: STNG) reports that it has acquired subsidiaries of Trafigura Maritime Logistics Pte. Ltd., a wholly-owned subsidiary of Trafigura Group Pte Ltd, that have leasehold interests in 15 Medium Range (MR) product tankers and four LR2 product tankers. Scorpio Tankers will assume the present value of the finance lease arrangement of approximately $668 million and issue approximately 4.7 million shares at $29.00 per share to Trafigura for an aggregate market value of approximately $135 million.
The new-build super-eco vessels constructed by Hyundai Vinashin and New Times shipyards, are all fitted with exhaust gas cleaning systems operating with a potential significant competitive cost advantage in the changing oil and freight markets.
The Vessels
The acquisition consists of leasehold interests in four LR2s and 15 MRs for a total of 19 product tankers. Fifteen of the vessels are currently on the water with an average age of 0.5 years, and the remaining four MR vessels will be delivered in 2020. On delivery to Scorpio, all the vessels will be fitted with exhaust gas cleaning systems, commonly known as scrubbers. The commercial and technical management of the vessels will be transitioned to Scorpio Tankers following the closing of the transaction.
Vessel Name: Marlin Marshall
Shipyard: Hyundai Vinashin
Vessel Class: MR
Construction/ Delivery Date: Jul-2019
Former name(s):
- Marlin Marshall (Until 2021 Feb)
There is no AIS Position Data available for this ship!
Would you like to add AIS Coverage?
This ship exists in the following categories:
Tankers built 2011 - 2020 - 14 photos
1 photos
4 photos
2 photos
1 photos
2 photos
2 photos
2 photos
COMMENT THIS PHOTO(0)