Scorpio Tankers announced its third sale-leaseback deal in less than a month, with six medium range (MR) product tankers going to China Merchant Bank (CMB).

CMB Financial Leasing will buy the six vessels, the 50,000-dwt STI Battery and STI Milwaukee (both built 2014) and the STI Tribeca, STI Bronx, STI Manhattan and STI Seneca (all built 2015).

Scorpio will charter-in the vessel for a period of eight years.