Monaco-headquartered Scorpio Tankers has added 19 vessels to its fleet in a deal with Trafigura Maritime Logistics.

The 19 vessels, all fitted with scrubbers, are made up of 15 Hyundai Vinashin MR Product tankers and four New Times-built LR2 product tankers. Fifteen of the tankers are currently on the water(2019-built), while four of the MRs are set for delivery in 2020.

Scorpio Tankers will assume the eight-year finance lease arrangement (which includes purchase options) worth $668m and issue approximately 4.7m shares to Trafigura, valuing the deal at $803m.

Scorpio Tankers also sealed private placements with Trafigura for a total of $50m.

Trafigura will own around 10% of the ordinary shares of Scorpio Tankers when the transactions are completed.