Scorpio Tankers Inc. (Scorpio or the company), a provider of marine transportation of petroleum products worldwide, has announced that Scorpio Services Holding Limited (SSH), a related party affiliate, purchased an aggregate of 400 000 common shares of the company.
Scorpio Tankers Inc. currently owns 78 product tankers and has contracted for nine newbuilding product tankers, expected for delivery across 2017 and 2018. SSH purchased their shares in the open market at an average price of US$4.19 per share.