Davis Polk advised Evercore Group L.L.C. as representative of the placement agents in connection with the $27 million SEC-registered direct offering of 4,000,000 shares of common stock of Scorpio Tankers Inc. The shares are listed on the New York Stock Exchange under the symbol “STNG.”

Based in Monaco, Scorpio Tankers Inc. owns a fleet of 11 tankers, including 1 LR2 tanker, 4 LR1 tankers, 3 handymax tankers, 2 MR tankers and 1 post-Panamax tanker, and provides marine transportation services for crude oil and other petroleum products worldwide.

The Davis Polk corporate team included partner Richard D. Truesdell Jr., associates Wendi Hoeben, Peter E. Devlin and Christopher R. Utecht. The tax team included partner Mary Conway and associate William A. Curran. The environmental team included counsel Hayden S. Baker and associate Jesse Kramer (not yet admitted). Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.