As TradeWinds newspaper reported today the New York-listed owner has booked two firm MRs at Hyundai Mipo, with options for six more.

Market sources say Emanuele Lauro-fronted Scorpio is also ready to place the same number of firm and optional handysizes at its favourite South Korean shipyard.

It is understood the ships will be priced at around $2m below the $34.5m tag attached to the MRs.

Scorpio has timed its latest contracts, which should options be exercised will take its fleet to 100 owned vessels, ahead of new costly legislation.

The move also comes at a time when Scorpio has an extra $146.9m in its bank account after the sale of its major holding in Dorian LPG to BW Group and Sino Energy Holdings.

 

Scorpio has been an active buyer again of late, securing six resales after a $152m equity issue in May.

The owner was a major client for Hyundai Mipo as it underwent a major growth spurt after going public in 2010. It placed 38 eco-MRs at Ulsan-based HMD between 2010 and 2013.

Scorpio Tankers today has 76 owned tankers on the water alongside 17 chartered ships. It has eight other newbuildings to come this year and next.