The LOIs were inked with suppliers, engineering firms, and ship repair facilities and are subject the execution of definitive documentation, according to the two companies.
Following its entry into an agreement to retrofit fifteen of its LR2s with exhaust gas cleaning systems, Scorpio Tankers has agreed LOIs to cover the purchase and installation of scrubbers on substantially all of its remaining owned and financed leased LR2, LR1, and MR tanker vessels — approximately 75 vessels — between the second quarter of 2019 and the second quarter of 2020.
