Investor Inquiries

OUR FLEET

 

  Vessel Name Year Built DWT Ice Class Employment Vessel type Daily Base Rate Expiry (5)
Owned vessels STI Highlander 2007 37,145 1A SHTP (1) Handymax    
  STI Amber 2012 52,000 - Spot 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 - Spot MR    
  STI Emerald 2013 52,000 - Spot MR    
  STI Beryl 2013 52,000 - Spot MR    
  Noemi 2004 72,515 - SPTP (2) LR1    
  Senatore 2004 72,514 - SPTP (2) LR1    
  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 Spirit 2008 113,100 - SLR2P (3) LR2    
  Total Owned DWT  

940,520
          
                 
Time Chartered-In
vessels		 Freja Polaris 2004 37,217 1B SHTP (1) Handymax $ 12,700 14-Apr-14 (6)
  Kraslava 2007 37,258 1B SHTP (1) Handymax $ 12,070 18-Jul-13 (7)
  Krisjanis Valdemars 2007 37,266 1B SHTP (1) Handymax $ 12,000 14-Jun-13 (8)
  Jinan 2003 37,285 - SHTP (1) Handymax $ 12,600 28-Apr-15
  Histria Azure

2007

 40,394

-

 SHTP (1) Handymax $ 12,000 4-Apr-14 (9)
  Histria Coral 2006 40,426 - SHTP (1) Handymax $ 13,000 17-Jul-13 (10)
  Histria Perla 2005 40,471 - SHTP (1) Handymax $ 13,000 15-Jul-13 (10)
 

STX Ace 6

 2007 46,161 - SMRP (4) MR $ 14,150 17-May-14 (11)
 

Targale

 2007 49,999 - SMRTP (4) MR $ 14,500 17-May-14 (12)
  Ugale 2007 49,999   SMRTP (4) MR $ 14,000 15-Jan-14 (13)
  Nave Orion 2013 49,999   Spot MR $14,121 25-Mar-15 (14)
  Freja Lupus 2012 50,385 - SMRP (4) MR $ 14,760 26-Apr-14 (15)
  Gan-Trust 2013 51,561 - SMRP (4) MR $ 16,250 06-Jan-16 (16)
 

Usma

 2007 52,684 1B SMRP (4) MR $ 13,332 3-Jan-14 (17)
 

SN Federica

 2003 72,344 - SPTP (2) LR1 $ 11,250 28-Feb-15 (18
  Hellespont Promise 2007 73,669 - SPTP (2) LR1 $ 12,500 16-Dec-13 (19)
  FPMC P Eagle 2009 73,800 - SPTP (2) LR1 $ 12,800 09-Sep-13 (20)
  FPMC P Hero 2011 99,995 - SLR2P (3) LR2 $ 14,750 13-Oct-13 (21)
  FPMC Ideal 2012 99.993 - SLR2P (3) LR2 $ 14,750 09-Jul-13 (21)
  Khawr Aladid 2006 106,003 - SLR2P (3) LR2 $ 15,400 02-May-15 (22)
 

Fair Seas

 2008 115,406 - SLR2P (3) LR2 $ 16,000 27-Jul-13 (23)
  Pink Stars 2010 115,592 - SLR2P (3) LR2 $ 16,000

10-Apr-14
  Four Wind 2009 115,727 - SLR2P (3) LR2 $ 16,250 27-May-14 (24)
  Orange Stars 2011 115,756 - SLR2P (3) LR2 $ 16,000 06-Apr-14
  Total TC DWT  

1,609,390
          
                 
Newbuilds Currently Under Construction Hull no. 2451 Q3-14 38,000

1A

  

Handymax

   (25)
  Hull no. 2452 Q3-14 38,000 1A   Handymax   (25)
  Hull no. 2453 Q3-14 38,000 1A   Handymax   (25)
  Hull no. 2454 Q3-14 38,000 1A   Handymax   (25)
  Hull no. 2462 Q3-14 38,000 1A   Handymax   (25)
  Hull no. 2463 Q3-14 38,000 1A   Handymax   (25)
  Hull no. 2464 Q3-14 38,000 1A   Handymax   (25)
  Hull no. 2465 Q3-14 38,000 1A   Handymax   (25)
  HMD MR #19 Q2-13 52,000    

MR

   (25)
  HMD MR #20 Q3-13 52,000     MR   (25)
  HMD MR #21 Q3-13 52,000     MR   (25)
  HMD MR #22 Q3-13 52,000     MR   (25)
  Hull no. 2389 Q1-14 52,000     MR   (25)
  Hull no. 2390 Q1-14 52,000     MR   (25)
  Hull no. 2391 Q2-14 52,000     MR   (25)
  Hull no. 2392 Q3-14 52,000     MR   (25)
  Hull no. 2449 Q2-14 52,000     MR   (25)
  Hull no. 2450 Q2-14 52,000     MR   (25)
  Hull no. 2458 Q2-14 52,000     MR   (25)
  Hull no. 2459 Q2-14 52,000     MR   (25)
  Hull no. 2460 Q3-14 52,000     MR   (25)
  Hull no. 2461 Q4-14 52,000     MR   (25)
  Hull no. S1138 Q2-14 52,000     MR   (26)
  Hull no. S1139 Q3-14 52,000     MR   (26)
  Hull no. S1140 Q3-14 52,000     MR   (26)
  Hull no. S1141 Q3-14 52,000     MR   (26)
  Hull no. S1142 Q3-14 52,000     MR   (26)
  Hull no. S1143 Q3-14 52,000     MR   (26)
  Hull no. S1144 Q4-14 52,000     MR   (26)
  Hull no. S1145 Q4-14 52,000     MR   (26)
  Hull no. S703 Q3-14 114,000     LR2   (27)
  Hull no. S704 Q3-14 114,000     LR2   (27)
  Hull no. S705 Q3-14 114,000     LR2   (27)
  Hull no. S706 Q4-14 114,000     LR2   (27)
  Hull no. S709 Q4-14 114,000     LR2   (27)
  Hull no. S7010 Q4-14 114,000     LR2   (27)
  DSME LR2 #1 Q4-14 114,000     LR2   (28)
  DSME LR2 #2 Q4-14 114,000     LR2   (28)
 

Total NB DWT

  

2,360,000
          
  Grand Total DWT   4,409,910          

 
  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. Redelivery from the charterer is plus or minus 30 days from the expiry date.

  6. We have an option to extend the charter for an additional year at $14,000 per day. This vessel is expected to be delivered in April 2013.

  7. We have an option to extend the charter for an additional year at $13,070 per day.

  8. We have an option to extend the charter for an additional year at $13,000 per day.  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.
  9. We have an option to extend the term of the charter for an additional year at $13,550 per day.
  10. Represents the average rate for the two year duration of the agreement.  The rate for the first year is $12,750 per day and the rate for the second year is $13,250 per day. We have an option to extend the charter for an additional year at $14,500 per day.

  11. We have an option to extend the charter for an additional year at $15,150 per day.

  12. We have options to extend the charter for up to three consecutive one year periods at $14,850 per day, $15,200 per day and $16,200 per day, respectively.

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

  14. We have an option to extend the charter for an additional year at $15,700 per day.

  15. We have an option to extend the charter for an additional year at $16,000 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 $14,500 per day.

  18. 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 owner whereby we split all of the vessel's profits above the daily base rate.

  19. We have an option to extend the charter for an additional six months at $14,250 per day.

  20. We have options to extend the charter for up to two consecutive one year periods at $13,400 per day and $14,400 per day, respectively.  We have also entered into an agreement with a third party whereby we split all of the vessel's profits and losses above or below the daily base rate.

  21. We have options to extend the charters for three consecutive six month periods at $15,000 per day, $15,250 per day, and $15,500 per day respectively. FPMC P Hero is expected to be delivered in April 2013 and FPMC P Ideal was delivered in January 2013.

  22. This vessel is expected to be delivered by May 2013.

  23. We have options to extend the charter for three consecutive six month periods at $16,250 per day, $16,500 per day, and $16,750 per day respectively.

  24. This vessel is expected to be delivered by end of May 2013.

  25. These Newbuilding vessels are being constructed at HMD (Hyundai Mipo Dockyard Co. Ltd. of South Korea).  Four vessels are expected to be delivered in Q2 and Q3 2013 and the remaining vessels are expected to be delivered by the end of 2014.

  26. These Newbuilding vessels are being constructed at SPP (SPP Shipbuilding Co., Ltd. of South Korea ).  These eight vessels are expected to be delivered during the second, third and fourth quarters of 2014.

  27. These Newbuilding vessels are being constructed at HSHI (Hyundai Samho Heavy Industries Co., Ltd.).  These six vessels are expected to be delivered in the third and fourth quarters of 2014.

  28. These Newbuilding vessels are being constructed at DSME (Daewoo Shipbuilding and Marine Engineering).  These two vessels are expected to be delivered in the fourth quarter of 2014.