Complete Maritime Profile & Reviews of Sti-Brooklyn

Scorpio Tankers has announced a strategic move to enhance its fleet operations by reaching an agreement to sell and leaseback several key MR and LR tankers to AVIC Leasing. The vessels involved in this transaction include the 'STI Fontvieille' (IMO 50/2013, Hyundai Mipo), 'STI Brooklyn' (IMO 49/2015, SPP), 'STI Rose' (IMO 109/2015, Daehan), and 'STI Rambla' (IMO 109/2017, Sungdong). Under the terms of the deal, Scorpio Tankers will enter into a bareboat charter arrangement for these vessels, lasting for a duration of 8 years. Notably, purchase options will be available starting from the conclusion of the second year, allowing Scorpio additional flexibility in managing their fleet assets.

Scorpio Tankers Inc. has made a significant move in its financial strategy by entering into agreements to sell and lease back five of its product tankers to AVIC International Leasing Co., Ltd. The transaction includes three MR product tankers: STI Ville, STI Fontvieille, and STI Brooklyn, along with two LR2 product tankers: STI Rose and STI Rambla. Once finalized, this deal is anticipated to enhance the company's cash position by an impressive $42 million, even after settling existing debts. This strategic approach is part of Scorpio Tankers' broader financing initiatives that were unveiled on April 25, 2018, aiming to optimize their financial health and operational capabilities.