It will pay $49.75m for the 114,000-dwt vessels to enteran 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 quarterof 2014, a statement says.

TradeWinds first reported last month Scorpio was lookingto 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 28firm newbuildings split between Hyundai Mipo Dockyard, SPP Shipbuilding and HyundaiSamho.