OUR FLEET

 

  Vessel Name Year Built DWT Ice Class Employment Vessel type Daily Base Rate Expiry (8)
Owned vessels STI Highlander 2007 37,145 1A SHTP (1) Handymax    
  STI Brixton 2014 38,000 1A Spot (5) Handymax    
  STI Comandante 2014 38,704 1A Spot (5) Handymax    
  STI Pimlico 2014 38,000 1A Spot (5) Handymax    
  STI Amber 2012 52,000 - SMRP (4) MR    
  STI Topaz 2012 52,000 - SMRP (4) MR    
  STI Ruby 2012 52,000 - SMRP (4) MR    
  STI Garnet 2012 52,000 - SMRP (4) MR    
  STI Onyx 2012 52,000

-

SMRP (4) MR    
  STI Sapphire 2013 52,000 - SMRP (4) MR    
  STI Emerald 2013 52,000 - SMRP (4) MR    
  STI Beryl 2013 52,000 - SMRP (4) MR    
  STI Le Rocher 2013 52,000 - SMRP (4) MR    
  STI Larvotto 2013 52,000 - SMRP (4) MR    
  STI Fontvieille 2013 52,000 - SMRP (4) MR    
  STI Ville 2013 52,000 - SMRP (4) MR    
  STI Duchessa 2014 52,000 - SMRP (4) MR    
  STI Opera 2014 52,000 - SMRP (4) MR    
  STI Texas City 2014 52,000 - Time Charter (7) MR    
  STI Meraux 2014 52,000 - Time Charter (8) MR    
  STI Chelsea 2014 52,000 - SMRP (4) MR    
  STI Lexington 2014 52,000 - Spot (6) MR    
  STI San Antonio 2014 52,000 - Time Charter (8) MR    
  STI Venere 2014 52,000 - Spot (6) MR    
  STI Virtus 2014 52,000 - Spot (6) MR    
  STI Powai 2014 52,000 - Spot (6) MR    
  STI Aqua 2014 52,000 - Spot (6) MR    
  STI Harmony 2007 73,919 1A SPTP (2) LR1    
  STI Heritage 2008 73,919 1A SPTP (2) LR1    
  Venice 2001 81,408 1C SPTP (2) Post-Panamax    
  STI Elysees 2014 114,000 - SLR2P (3) LR2    
  Total Owned DWT  
1,690,391
         
                 
Time Chartered-In
vessels
Kraslava 2007 37,258 1B SHTP (1) Handymax $ 13,650 18-May-15
  Krisjanis Valdemars 2007 37,266 1B SHTP (1) Handymax $ 13,650 14-Apr-15 (10)
  Jinan 2003 37,285 - SHTP (1) Handymax $ 12,600 28-Apr-15
  Iver Progress 2007 37,412 - SHTP (1) Handymax $ 12,500 03-Mar-15 (11)
  Iver Prosperity 2007 37,455 - SHTP (1) Handymax $ 12,500 20-Oct-14 (12)
  Histria Azure

2007

40,394

-

SHTP (1) Handymax $ 13,550 04-Apr-15 
  Histria Coral 2006 40,426 - SHTP (1) Handymax $ 13,550 17-Jul-14 (13)
  Histria Perla 2005 40,471 - SHTP (1) Handymax $ 13,550 15-Jul-14 (13)
 

Targale

2007 49,999 - SMRP (4) MR $ 14,850 17-May-15 (14)
  Nave Orion 2013 49,999   SMRP (4) MR $14,300 25-Mar-15 (15)
  Gan-Trust 2013 51,561 - SMRP (4) MR $ 16,250 06-Jan-16 (16)
 

Usma

2007 52,684 1B SMRP (4) MR $ 14,500 03-Jan-15
 

SN Federica

2003 72,344 - SPTP (2) LR1 $ 11,250 15-May-15 (17)
  SN Azzura 2003 72,344 - SPTP (2) LR1 $ 13,600 25-Dec-14
  King Douglas 2008 73,666 - SPTP (2) LR1 $ 14,000 08-Aug-14 (18)
  Hellespont Promise 2007 73,669 - SPTP (2) LR1 $ 14,250 14-Aug-14
  Hellespont Progress 2006 73,728 - SPTP (2) LR1 $ 15,000 18-Mar-15 (19)
  FPMC P Eagle 2009 73,800 - SPTP (2) LR1 $ 14,525 09-Sep-15
  FPMC P Hero 2011 99,995 - SLR2P (3) LR2 $ 15,250 02-Nov-14 (20)
  FPMC P Ideal 2012 99,993 - SLR2P (3) LR2 $ 15,250 09-Jul-14 (21)
  Swarna Jayanti 2010 104,895 - SLR2P (3) LR2 $ 15,000 11-Mar-15 (22)
  Densa Alligator 2013 105,708 - SLR2P (3) LR2 $ 16,500 17-Sep-14 (23)
  Khawr Aladid 2006 106,003 - SLR2P (3) LR2 $ 15,400 11-Jul-15
 

Fair Seas

2008 115,406 - SLR2P (3) LR2 $ 16,500 21-Aug-14
  Southport 2008 115,462 - SLR2P (3) LR2 $ 15,700 10-Dec-14
  Four Sky 2010 115,708 - SLR2P (3) LR2 $ 16,250 02-Sep-14
  Total TC DWT  
1,814,931
         
                 
Newbuilds Currently Under Construction Hull no. 2454 Q3-14 38,000

1A

 

Handymax

  (25)
  Hull no. 2462 Q3-14 38,000 1A   Handymax   (24)
  Hull no. 2476 Q3-14 38,000 1A   Handymax   (24)
  Hull no. 2463 Q3-14 38,000 1A   Handymax   (24)
  Hull no. 2464 Q3-14 38,000 1A   Handymax   (24)
  Hull no. 2465 Q4-14 38,000 1A   Handymax   (24)
  Hull no. 2477 Q4-14 38,000 1A   Handymax   (24)
  Hull no. 2478 Q4-14 38,000 1A   Handymax   (24)
  Hull no. 2479 Q4-14 38,000 1A   Handymax   (24)
  Hull no. 2499 Q4-14 38,000 1A   Handymax   (24)
  Hull no. 2500 Q4-14 38,000 1A   Handymax   (24)
  Hull no. 2392 Q3-14 52,000     MR   (24)
  Hull no. 2450 Q3-14 52,000     MR   (24)
  Hull no. 2460 Q3-14 52,000     MR   (24)
  Hull no. 2445 Q4-14 52,000     MR   (24)
  Hull no. 2461 Q1-15 52,000     MR   (24)
  Hull no. 2474 Q1-15 52,000     MR   (24)
  Hull no. 2490 Q2-14 52,000     MR   (24)
  Hull no. 2492 Q2-15 52,000     MR   (24)
  Hull no. 2493 Q2-15 52,000     MR   (24)
  Hull no. 2475 Q2-15 52,000     MR   (24)
  Hull no. S5125 Q3-14 52,000     MR   (25)
  Hull no. S1140 Q3-14 52,000     MR   (25)
  Hull no. S1141 Q3-14 52,000     MR   (25)
  Hull no. S1142 Q3-14 52,000     MR   (25)
  Hull no. S1143 Q4-14 52,000     MR   (25)
  Hull no. S1144 Q4-14 52,000     MR   (25)
  Hull no. S1169 Q4-15 52,000     MR   (25)
  Hull no. S1170 Q1-15 52,000     MR   (25)
  Hull no. S1145 Q1-15 52,000     MR   (25)
  Hull no. S1167 Q1-15 52,000     MR  

(25)

  Hull no. S1168 Q1-15 52,000     MR   (26)
  Hull no. S704 Q3-14 114,000     LR2   (26)
  Hull no. S705 Q3-14 114,000     LR2   (26)
  Hull no. S706 Q3-14 114,000     LR2   (26)
  Hull no. S709 Q4-14 114,000     LR2   (26)
  Hull no. S710 Q4-14 114,000     LR2   (26)
  Hull no. S715 Q1-15 114,000     LR2   (26)
  Hull no. S716 Q1-15 114,000     LR2   (26)
  Hull no. 5394 Q4-14 114,000     LR2   (27)
  Hull no. 5395 Q4-14 114,000     LR2   (27)
  Hull no. 5398 Q2-15 114,000     LR2   (27)
  Hull no. 5399 Q2-15 114,000     LR2   (27)
 

Total NB DWT

  2,764,000          
  Grand Total DWT   6,269,322          

 
  1. This vessel operates in or is expected to operate in the Scorpio Handymax Tanker Pool (SHTP). SHTP is operated by Scorpio Commercial Management (SCM). SHTP and SCM are related parties to the Company.
  2. This vessel operates in or is expected to operate in the Scorpio Panamax Tanker Pool (SPTP). SPTP is operated by SCM. SPTP is a related party to the Company.
  3. This vessel operates in or is expected to operate in the Scorpio LR2 Pool (SLR2P). SLR2P is operated by SCM. SLR2P is a related party to the Company.
  4. This vessel operates in or is expected to operate in the Scorpio MR Pool (SMRP). SMRP is operated by SCM. SMRP is a related party to the Company.
  5. This vessel is on a short term time charter for up to 120 days at approximately $15,000 per day.
  6. This vessel is on a short term time charter for up to 120 days at approximately $18,000 per day.
  7. This vessel is on a time charter agreement for two years, which also contains a 50% profit sharing provision whereby we split all of the vessel's profits above the daily base rate with the charterer.
  8. This vessel is on a time charter agreement for one year, which also contains a 50% profit sharing provision whereby we split all of the vessel's profits above the daily base rate with the charterer.
  9. Redelivery from the charterer is plus or minus 30 days from the expiry date.
  10. The agreement also contains a 50% profit and loss sharing provision whereby we split all of the vessel's profits and losses above or below the daily base rate with the vessel's owner.
  11. We have an option to extend the charter for an additional year at $13,500 per day.

  12. We have an option to extend the charter for an additional year at $13,250 per day.

  13. In May 2014, we delcared options to extend the charters for an additional year at $13,550 per day effective July 17 and July 15, 2014, respectively.
  14. We have options to extend the charter for up to two consecutive one year periods at $15,200 per day and $16,200 per day, respectively.
  15. We have an option to extend the charter for an additional year at $15,700 per day.
  16. The daily base rate represents the average rate for the three year duration of the agreement.  The rate for the first year is $15,750 per day, the rate for the second year is $16,250 per day, and the rate for the third year is $16,750 per day. We have options to extend the charter for up to two consecutive one year periods at $17,500 per day and $18,000 per day, respectively.

  17. We have an option to extend the charter for an additional year at $12,500 per day.  We have also entered into an agreement with the vessel's owner whereby we split all of the vessel's profits above the daily base rate.

  18. We have an option to extend the charter for an additional year at $15,000 per day.

  19. We have options to extend the charter for up to two consecutive one year periods at $16,250 per day and $17,250 per day, respectively.

  20. We have an option to extend the charter for an additional six month at $15,500 per day.

  21. In June 2014, we delcared an option to extend the charter for an additional six months at $15,500 per day effective July 9,2014.

  22. We have an option to extend the charter for an additional six months at $16,250 per day.

  23. In July 2014, we declared an option to extend the charter for one year at $17,550 per day effective September 17, 2014.

  24. These newbuilding vessels are being constructed at HMD (Hyundai Mipo Dockyard Co. Ltd. of South Korea).  Fifteen (15) vessels are expected to be delivered in 2014 and six (6) vessels in the first and second quarters of 2015.

  25. These newbuilding vessels are being constructed at SPP (SPP Shipbuilding Co., Ltd. of South Korea).  Seven (7) vessels are expected to be delivered in 2014 and four (4) in the first and second quarters of 2015.

  26. These newbuilding vessels are being constructed at HSHI (Hyundai Samho Heavy Industries Co., Ltd.).  Five (5) vessels are expected to be delivered in the third and fourth quarters of 2014 and two (2) in the first quarter of 2015.

  27. These newbuilding vessels are being constructed at DSME (Daewoo Shipbuilding and Marine Engineering).  Two (2) vessels are expected to be delivered in the fourth quarter of 2014 and two (2) in the second quarter of 2015.