Brief: Scorpio Tankers Announces MoU Licensing Fowe Fuel-Saving Devices For Entire Fleet
22/02/2024 23:15
Feb 22 (Reuters) - Scorpio Tankers Inc STNG.N :
* SCORPIO TANKERS INC. ANNOUNCES MOU LICENSING FOWE
FUEL-SAVING
DEVICES FOR ENTIRE FLEET
* SCORPIO TANKERS INC - SIGNED NON-BINDING MOU TO INSTALL
FOWE ECO
SOLUTIONS LTD. ("FOWE") FUEL EMULSION SYSTEMS ACROSS ITS ENTIRE
FLEET
* SCORPIO TANKERS INC - TERMS OF LICENSING AGREEMENT WILL
REQUIRE
NO MATERIAL UPFRONT COSTS FOR COMPANY
* SCORPIO TANKERS INC - AGREEMENT IS EXPECTED TO RESULT IN
AN
OVERALL REDUCTION OF AT LEAST 3% IN FUEL COSTS
Source text for Eikon: ID:nGNX2HY5Bn
Further company coverage: STNG.N
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