Read Authentic Ratings for the Sti-Marvel

In a significant move to bolster its operations, Scorpio Tankers has finalized an agreement to purchase a total of 19 vessels from Trafigura Maritime Logistics for an impressive USD 803 million. This package includes four LR2 vessels, constructed at New Times in China, alongside 15 MR2 vessels built by Hyundai-Vinashin in Vietnam. The deal comprises USD 668 million in cash and approximately 4.7 million shares priced at $29.00 each. The fleet includes the LR2 ships named 'Marlin Lavender' and 'Marlin Lily', both built in 2019, as well as 'Marlin Lobelia' and 'Marlin Lotus', constructed in 2018. The MR2 acquisition features a line-up of vessels named 'Marlin Magic' (50/2018), 'Marlin Magnetic' (50/2019), 'Marlin Majestic' (50/2018), 'Marlin Marshall' (50/2019), 'Marlin Marvel' (50/2019), 'Marlin Master' (50/2019), 'Marlin Maverick' (50/2019), 'Marlin Maximus' (50/2019), 'Marlin Mighty' (50/2019), 'Marlin Millennia' (50/2019), 'Marlin Miracle' (50/2019), 'Marlin Modest' (50/2019), 'Marlin Mystery' (50/2019), and 'Marlin Mythic' (50/2019), along with 'Hyundai Vinashin S469' (50/2019). Notably, every vessel included in this acquisition is equipped with scrubbers, enhancing their environmental compliance and operational efficiency. This strategic acquisition is set to further empower Scorpio Tankers' position in the maritime logistics sector.