Scorpio Tankers is hatching plans to bring public its first master limited partnership (MLP) company based on long-term charter coverage in the products sector, TradeWinds has learned.

An initial public offering (IPO) would allow Emanuele Lauro-led Scorpio to tap into the hot MLP trend used previously by such companies as Teekay and Navios, while drawing ships from its massive products orderbook; 41 of 54 newbuildings are to be delivered by the end of the year.

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