New York-listed Scorpio Tankers sells its 2013-built MR product tanker STI Ville, for $32.5 million.
The sale of the vessel will be completed during July and the shipowner will make no debt repayments associated with this sale, as the ship is unencumbered.
The Monaco-based company currently owns, lease finances leases or bareboat charters-in 112 product tankers (39 LR2 tankers, 59 MR tankers and 14 Handymax tankers) with an average age of 7.5 years.
Emanuele Lauro-led Scorpio Tankers has exercised purchase options on five ships earlier this year.
As Shipping Telegraph reported in May the New York-listed company has this time opted to buy five MRs slashing the debt for the company.
The company said it has given notice to exercise its purchase options on two 2020 built MR product tankers, the STI Mighty and STI Maestro, and three 2019 built MR product tankers, the STI Modest, STI Maverick and STI Millennia.
The Emanuele A. Lauro-led company has given notice in April to exercise its purchase options on one LR2 product tanker and five MR product tankers.
The deal includes the 2019-built LR2 product tanker STI Lobelia and five MR product tankers STI Magic, STI Mystery, STI Marvel, STI Mythic, and STI Magister also built in 2019.
