Scorpio Tankers Inc. Announces Availability of 2017 Annual Report on Form 20-F
March 23 2018 - 4:42PM
Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the
"Company") announced today that its Annual Report on Form 20-F for
the year ended December 31, 2017 has been filed with the Securities
and Exchange Commission and can be accessed on the Company's
website www.scorpiotankers.com in the Investors section under
Reports and Presentations.
Shareholders may also request a hard copy of the Annual Report,
which includes the Company's complete 2017 audited financial
statements, free of charge, by contacting the Company at:
Scorpio Tankers Inc.Attn: Investor Relations150 E 58th StreetNew
York, NY 10155Tel: +1-212-542-1616E-mail:
investor.relations@scorpiotankers.comReports and other information
regarding the Company are also available without charge at a
website maintained by the U.S. Securities and Exchange Commission
at http://www.sec.gov.
About Scorpio Tankers Inc.Scorpio Tankers is a
provider of marine transportation of petroleum products worldwide.
The Company currently owns or finance leases 109 product tankers
(38 LR2 tankers, 12 LR1 tankers, 45 MR tankers and 14 Handymax
tankers) with an average age of 2.6 years and time or bareboat
charters-in 20 product tankers (two LR2 tankers, 10 MR tankers and
eight Handymax tankers).
Forward-Looking StatementsMatters discussed in
this press release may constitute forward-looking statements. The
Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to
encourage companies to provide prospective information about their
business. Forward-looking statements include statements concerning
plans, objectives, goals, strategies, future events or performance,
and underlying assumptions and other statements, which are other
than statements of historical facts. Scorpio Tankers desires to
take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor
legislation. The words “believe,” “expect,” “anticipate,”
“estimate,” “intend,” “plan,” “target,” “project,” “likely,” “may,”
“will,” “would,” “could” and similar expressions identify
forward-looking statements.
The forward-looking statements in this press release are based
upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, management’s
examination of historical operating trends, data contained in
company records and other data available from third parties.
Although management believes that these assumptions were reasonable
when made, because these assumptions are inherently subject to
significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond the company’s control, there
can be no assurance that Scorpio Tankers will achieve or accomplish
these expectations, beliefs or projections. The Company undertakes
no obligation, and specifically declines any obligation, except as
required by law, to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
In addition to these important factors, other important factors
that, in our view, could cause actual results to differ materially
from those discussed in the forward-looking statements include,
unforeseen liabilities, future capital expenditures, revenues,
expenses, earnings, synergies, economic performance, indebtedness,
financial condition, losses, future prospects, business and
management strategies for the management, expansion and growth of
our operations, risks relating to the integration of the operations
of Navig8 Product Tankers Inc. (“NPTI”) and the possibility that
the anticipated synergies and other benefits of the acquisition of
NPTI will not be realized or will not be realized within the
expected timeframe, the outcome of any legal proceedings related to
the merger with NPTI and the related transactions, the failure of
counterparties to fully perform their contracts with us, the
strength of world economies and currencies, general market
conditions, including fluctuations in charter rates and vessel
values, changes in demand for tanker vessel capacity, changes in
our operating expenses, including bunker prices, drydocking and
insurance costs, the market for our vessels, availability of
financing and refinancing, charter counterparty performance,
ability to obtain financing and comply with covenants in such
financing arrangements, changes in governmental rules and
regulations or actions taken by regulatory authorities, potential
liability from pending or future litigation, general domestic and
international political conditions, potential disruption of
shipping routes due to accidents or political events, vessels
breakdowns and instances of off-hires, and other factors. Please
see Scorpio Tankers’ filings with the U.S. Securities and
Exchange Commission for a more complete discussion of certain of
these and other risks and uncertainties.
Scorpio Tankers Inc.212-542-1616
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