Scorpio Tankers sells one vessel as it takes back five

New York-listed Scorpio Tankers has sealed a deal to sell one ship bought out of lease financing in 2022, while it continues to buy back more vessels to further reduce financial costs.

The Emanuele Lauro-led product tanker giant is shipping out the 2015-built MR2 STI Tribeca for $39.1m, with delivery in the first quarter. The 50,000 dwt ship ordered by Scorpio in 2013 for $32.5m, was under a sale-and-leaseback agreement with CMB Financial Leasing until mid-December 2022. 

View entirety: Splash247