STI RAMBLA

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Scorpio Tankers have agreed to sell and leaseback the following MR and LR tankers to AVIC Leasing "STI Fontvieille" 50/2013 Hyundai Mipo, "STI Brooklyn" 49/2015 SPP, "STI Rose" 109/2015 Daehan & "STI Rambla" 109/2017 Sungdong. Scorpio will bareboat charter-in the vessels for a period of 8 years with purchase options beginning at the end of the second year.

Scorpio Tankers announces sale and leaseback agreements for five product tankers

Scorpio Tankers Inc. has agreed to sell and leaseback three MR product tankers (STI Ville, STI Fontvieille and STI Brooklyn) and two LR2 product tankers (STI Rose and STI Rambla) to AVIC International Leasing Co., Ltd. Upon completion, the Company’s liquidity is expected to increase by $42 million in aggregate after the repayment of outstanding debt. These lease financing arrangements are part of the Company’s new financing initiatives that were announced on April 25, 2018.