Scorpio Tankers has revealed a series of leased vessel purchases to cut financial expenses.

In a securities filing, the Emanuele Lauro-led shipowner said 22 chartered-in vessels will be reacquired from financiers.

The first of these is the 110,000-dwt LR2 STI Supreme (built 2016) from KKR-owned sale-and-leaseback specialist Ocean Yield for $27.8m.