Scorpio Tankers Inc. Announces Delivery of the STI Gladiator and STI Highlander
MONACO--(Marketwire - August 3, 2010) - Scorpio Tankers Inc. (NYSE: STNG ) (the "Company" or
"Scorpio Tankers") announced today that it took delivery of STI Gladiator and STI Highlander. The aggregate
purchase price for both vessels was $50.0 million. STI Gladiator and STI Highlander are the final two of the six
vessels that the Company previously agreed to acquire in April and May 2010.
STI Gladiator, a 40,000 dead weight ton ("DWT") product tanker, was built in 2003 at Shina Shipbuilding Co.
Ltd. in South Korea, and STI Highlander, a 37,000 DWT product tanker, was built in 2007 at Hyundai Mipo
Dockyard in South Korea. The vessels will participate in the Scorpio Handymax Tanker Pool, which is owned
by a related party and includes a total fleet of 36 vessels.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers
Inc. currently owns four LR1 product tankers, four Handymax tankers, and one post-Panamax tanker with an
average age of 5.5 years. Additional information about the Company is available at the Company's website
Matters discussed in this press release may constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to
encourage companies to provide prospective information about their business. Forward-looking statements
include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of historical facts. The Company desires to
take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is
including this cautionary statement in connection with this safe harbor le