Scorpio Tankers Inc. Announces Six Vessel Sale Agreements for $300 Million in Aggregate<\/p>\n
Scorpio Tankers Inc. announced that it has entered into agreements to sell six vessels comprising three 2014 built LR2 product tankers, STI Park, STI Sloane and STI Madison, for $195 million in aggregate, and three 2014 built MR product tankers, STI Aqua, STI Regina and STI Opera, for $105 million in aggregate. The sale of these vessels is expected to close within the second quarter of 2026.<\/p>\n
There is no debt outstanding with respect to STI Park and STI Sloane and there is $10.7 million of debt outstanding on the 2023 $225.0 Million Revolving Credit Facility with respect to STI Madison.<\/p>\n
STI Aqua, STI Regina and STI Opera had an aggregate outstanding debt balance of $21.3 million on the 2023 $225.0 Million Revolving Credit Facility, which was repaid in April 2026.<\/p>\n
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 87 product tankers (32 LR2 tankers, 41 MR tankers and 14 Handymax tankers) with an average age of 10.2 years. The Company has reached agreements to sell six MR product tankers and three LR2 product tankers, which are expected to close in the second quarter of 2026. The Company has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027, four LR2 newbuildings with deliveries expected in 2027 and 2029 and two VLCC newbuildings with deliveries expected in the second half of 2028.<\/p>\n
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