Scorpio Tankers (STNG) Takes Delivery of STI Topaz, Sells STI Diamond
Tweet Send to a FriendGet Alerts STNG Hot Sheet
Down)
Trade STNG Now!
Scorpio Tankers Inc. (NYSE: STNG) has taken delivery of the STI Topaz, the second vessel under its previously announced Newbuilding program and completed the sale of the STI Diamond, the first of the two vessels previously announced to be sold.
The Company took delivery of the STI Topaz, the second of ten vessels scheduled for delivery under the Company's Newbuilding program. Upon delivery, the vessel began a time charter for up to 120 days at $16,200 per day plus an adjustment based on the fuel consumption. The vessel was partially financed by drawing down $23.0 million on its Newbuilding Credit Facility with Credit Agricole Corporate and Investment Bank and Skandinaviska Enskilda Banken AB.
Also, the Company completed the sale of the STI Diamond. The second vessel to be sold, the STI Coral, is expected to be completed in September 2012.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The Company took delivery of the STI Topaz, the second of ten vessels scheduled for delivery under the Company's Newbuilding program. Upon delivery, the vessel began a time charter for up to 120 days at $16,200 per day plus an adjustment based on the fuel consumption. The vessel was partially financed by drawing down $23.0 million on its Newbuilding Credit Facility with Credit Agricole Corporate and Investment Bank and Skandinaviska Enskilda Banken AB.
Also, the Company completed the sale of the STI Diamond. The second vessel to be sold, the STI Coral, is expected to be completed in September 2012.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Sprint (S), SoftBank Receive Final State Regulatory Approval in Proposed Deal
- LRAD Corp, (LRAD), Iroquois Master Fund Enter Settlement
- AMD (AMD) Looks to Outdo Intel (INTC) in Battle of Performance Tablets with Latest SoC Offerings
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
Credit Agricole
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
