Reviews & Ratings for the Sti-Rambla

In a strategic move to enhance its operational flexibility, Scorpio Tankers Inc. has reached an agreement to sell and subsequently lease back a fleet of four tanker vessels to AVIC Leasing. The vessels involved in this transaction are the MR tanker 'STI Fontvieille' (IMO: 9675732), built in 2013 at Hyundai Mipo, along with the LR tankers 'STI Brooklyn' (IMO: 9675766), launched in 2015 at SPP, 'STI Rose' (IMO: 9738823), constructed in 2015 at Daehan, and 'STI Rambla' (IMO: 9758323), which was completed in 2017 at Sungdong. Scorpio Tankers plans to bareboat charter the vessels for a period of 8 years, with options to purchase available commencing at the end of the second year of the lease. This transaction not only optimizes Scorpio's fleet management strategy but also allows for enhanced liquidity during the leasing period.

Scorpio Tankers Inc. has entered into strategic sale and leaseback agreements with AVIC International Leasing Co., Ltd., involving the sale of three MR product tankers—STI Ville, STI Fontvieille, and STI Brooklyn—as well as two LR2 product tankers, STI Rose and STI Rambla. This transaction is poised to bolster the company's liquidity by $42 million in total, following the repayment of existing debts. These lease financing initiatives are part of a broader financial strategy unveiled by Scorpio Tankers on April 25, 2018, aimed at enhancing their operational capabilities.