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Scorpio on script

Scorpio Tankers has entered the LR2 sector with a double newbuilding order at Hyundai Samho Heavy Industries.
Emanuele Lauro

Emanuele Lauro

It will pay $49.75m for the 114,000-dwt vessels to enter an area TradeWinds flagged to be on the company’s radar a couple of weeks ago.

Scorpio, which has been on a newbuilding blitz this year, also has options for two more vessels at the South Korean yard.

Delivery of the firm LR2s is slated for the third quarter of 2014, a statement says.

TradeWinds first reported last month Scorpio was looking to enter the LR2 space and this morning RS Platou Markets said the owner had around $100m left of its expansion arsenal.

Following a flurry of orders this year Scorpio has 28 firm newbuildings split between Hyundai Mipo Dockyard, SPP Shipbuilding and Hyundai Samho.

Ship Sales

Andy Pierce in London

 07 March 2013, 14:31 GMT