Scorpio Tankers is continuing to reduce financial costs as product carrier rates soar again.
The US-listed, Emanuele Lauro-led company said it will exercise purchase options on six MR vessels sold and leased back in 2018.
The 50,000-dwt STI Battery, STI Milwaukee (both built 2014), STI Tribeca, STI Bronx, STI Manhattan and STI Seneca (all built 2015) are being bought out of leases carrying interest at Libor plus 3.2%.
