Monaco directorship for OP Society Chairman
MONACO, Sept. 01, 2017 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. announced today that it has closed the previously announced merger with Navig8 Product Tankers Inc… Through the merger and related transactions, Scorpio has acquired an operating fleet of 27 eco-design product tankers. Scorpio’s operating fleet now consists of 105 owned or finance leased tankers, and 20 time or bareboat chartered-in tankers.
In connection with the merger, Merrick Rayner (68-73), whose appointment is effective today, will join the board of directors of Scorpio as an independent director. Mr. Rayner has over 40 years of experience in the tanker business. From 1974 to 2003, Mr. Rayner was a broker at H. Clarkson & Company Limited shipbrokers, with experience in both the deep sea tanker chartering business as well as new and second hand vessel sale and purchase. From 1987 to 1989 Mr. Rayner served as Director of Clarkson Sale and Purchase Division. From 1989 until leaving H. Clarkson & Company Limited in 2003, he was a director of the company, and also served as a director of Clarkson Research Studies from 1992 until 2003.
In 2003 Mr. Rayner joined E.A. Gibson’s shipbrokers as a broker, where he developed the company’s time charter group. He also served as a director of Gibson’s from 2012 until his retirement in 2017. Mr. Rayner currently resides in the