Scorpio Tankers Inc. Announces Agreement to Construct One Newbuilding

Scorpio Tankers Inc. STNG announced today that it has signed a contract with Hyundai Mipo Dockyard Co., Ltd. of South Korea ("HMD") to construct a 52,000 DWT MR product tanker for $36.0 million, which is the Company's eighth 52,000 DWT MR product tanker newbuilding with HMD. The eighth newbuilding is scheduled to be delivered to the Company in May 2013.