TheSouth Korean shipbuilder is due to deliver the two ships, which are costing$32.5m each, in May and June 2014, Scorpio said in a statement.

These vessels are a continuation of Scorpio’sexisting newbuilding program for “fuel-efficient vessels.”

As part of the deal Scorpio has received fixedprice options with the yard to build up to four 37,000-dwt handysizefuel-efficient product tankers to be delivered within 2014.

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