Scorpio Tankers to merge with Navig8 Product Tankers: Amendments to charter parties
Reference is made to the stock exchange release by Scorpio Tankers Inc. (“Scorpio Tankers” or “STNG”) dated 23 May 2017, regarding the agreement to merge with Navig8 Product Tankers Inc. (“Navig8 Product Tankers” or “NPTI”). Ocean Yield ASA (“Ocean Yield”) has accepted Scorpio Tankers request to amend the bareboat charter parties between wholly owned subsidiaries of Ocean Yield and Navig8 Product Tankers to reflect that NPTI is replaced by STNG as Charter Guarantor and certain other logical changes related to the new counterparty. Ocean Yield’s Chief Executive Officer Lars Solbakken