Scorpio Tankers to sell its two LR1 product tankers for $44M

Scorpio Tankers announced that it has entered into agreements to sell its two, 2004 built, LR1 product tankers, Noemi and Senatore, for approximately $44.0M en bloc. The sales are expected to close in March and April 2014. The Company also announced the delivery of a MR product tanker newbuilding, STI Duchessa, from Hyundai Mipo Dockyard of South Korea. The vessel will be time chartered-out for up to 120 days at approximately $19,000 per day.

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