Scorpio Tankers has a second shot at VLCC ownership with newbuilding deal

▶New York-listed owner places orders for two VLCCs at Hanwha Ocean Scorpio Tankers is returning to the VLCC market with its own steel. It marks a second venture into VLCC ownership for Scorpio Tankers and comes at a time when chief executive Emanuele Lauro is also invested in Tor Olav Troim US IPO hopeful Bruton. The US-listed product tanker giant announced on Tuesday that it had signed letters of intent to build two VLCCs with South Korea’s Hanwha Ocean for $128m each. The ships are expected to be delivered in the third and fourth quarters of 2028. https://vo.la/7JQu368