Scorpio Tankers Inc. Announces Initiation of a Quarterly Dividend

Scorpio Tankers Inc. Announces Initiation of a Quarterly Dividend 
MONACO -- (Marketwired) -- 04/15/13 --  Scorpio Tankers Inc. (NYSE:
STNG) (the "Company") announced today that its Board of Directors has
initiated and declared a quarterly cash dividend on its common stock
of $0.025 per share, payable on June 25, 2013 to all shareholders as
of June 11, 2013 (the record date).  
Emanuele Lauro, chief executive officer and chairman of the board,
commented, "Our strong balance sheet and significant cash flow
generation allow us to take this positive shareholder action today,
and the initiation of the cash dividend reflects our confidence in
market fundamentals and our strategy." 
The declaration and payment of dividends will be subject at all times
to the discretion of our board of directors. The timing and amount of
dividends, if any, will depend on our earnings, financial condition,
cash requirements and availability, fleet renewal and expansion,
restrictions in our loan agreements, the provisions of Marshall
Islands law affecting the payment of dividends and other factors.  
About Scorpio Tankers Inc. 
 Scorpio Tankers Inc. is a provider of
marine transportation of petroleum products worldwide. Scorpio
Tankers Inc. currently owns 14 tankers (one LR2 tanker, four LR1
tankers, one Handymax tanker, seven MR tankers, and one post-Panamax
tanker) with an average age of 4.5 years, time charters-in 24 product
tankers (seven LR2, three LR1, seven MR and seven Handymax tankers),
and has contracted for 39 newbuilding product tankers (23 MR, eight
LR2 and eight Handymax ice class-1A vessels), five of which are
expected to be delivered to the Company by September 2013 and the
remaining 34 by the end of 2014. Additional information about the
Company is available at the Company's website www.scorpiotankers.com,
which is not a part of this press release. 
Forward-Looking Statements
 Matters 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. The Company 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," "anticipate,"
"intends," "estimate," "forecast," "project," "plan," "potential,"
"may," "should," "expect," "pending" 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, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe 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 our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections. 
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 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 our filings with the Securities and Exchange
Commission for a more complete discussion of these and other risks
and uncertainties. 
Scorpio Tankers Inc. 
212-542-1616 
 
 
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