What Crew Members Say About Sti-Lotus

In a significant move to bolster its fleet, Scorpio Tankers has finalized a deal to acquire 19 vessels from Trafigura Maritime Logistics. This package includes four LR2 tankers built in China at the New Times shipyard and fifteen MR2 tankers constructed in Vietnam by Hyundai-Vinashin. The total value of the cash and shares deal amounts to a hefty USD 803 million, encompassing USD 668 million in cash alongside 4.7 million shares priced at $29.00 each. The newly acquired vessels are: 'Marlin Lavender' (2019), 'Marlin Lily' (2019), 'Marlin Lobelia' (2018), 'Marlin Lotus' (2018), 'Marlin Magic' (2018), 'Marlin Magnetic' (2019), 'Marlin Majestic' (2018), 'Marlin Marshall' (2019), 'Marlin Marvel' (2019), 'Marlin Master' (2019), 'Marlin Maverick' (2019), 'Marlin Maximus' (2019), 'Marlin Mighty' (2019), 'Marlin Millennia' (2019), 'Marlin Miracle' (2019), 'Marlin Modest' (2019), 'Marlin Mystery' (2019), 'Marlin Mythic' (2019), and 'Hyundai Vinashin S469' (2019). Notably, all vessels are equipped with scrubbers, enhancing their compliance with environmental regulations. Scorpio Tankers' acquisition reflects a strategic initiative to strengthen its operational capabilities and expand its market presence in the shipping industry.