New York-listed Scorpio Tankers (STNG) has revealed new bank loans that will boost liquidity by around $150m.

The product carrier specialist said on Wednesday that it had entered into term loan facilities with Hamburg Commercial Bank (HCOB) and Prudential Private Capital for $99.1m in total.

The company has tapped some of this to refinance existing debt on five tankers previously financed under its Kexim credit facility.