Scorpio Tankers to sell 3 tankers, buy 4 newbuilding vessels

Scorpio Tankers Inc. (NYSE: STNG) has entered into agreements to sell three product tankers and purchase four newbuilding vessels, according to a company statement dated Sept. 29, 2026.

The company agreed to sell the 2014-built scrubber-fitted MR product tanker STI Dama for $37.5 million, the 2014-built scrubber-fitted LR2 product tanker STI Elysees for $70.0 million, and the 2015-built scrubber-fitted LR2 product tanker STI Veneto for $73.0 million. All three sales are expected to close before the end of 2026.

On the acquisition side, Scorpio Tankers agreed to purchase two scrubber-fitted LR2 product tankers and two scrubber-fitted VLCCs. The two LR2 vessels are to be built at Jiangsu Hantong Ship Heavy Industry Co., Ltd. in China at $72.8 million each, with deliveries expected in October and November 2029. The two VLCCs are to be constructed at Hengli Shipbuilding (Dalian) Co., Ltd. at $135.0 million each, with deliveries expected in September and October 2028.

Scorpio Tankers currently owns 74 product tankers with an average age of 10.2 years. Including previously announced agreements, the company has commitments for five MR newbuildings with deliveries expected in 2027 and 2030, eight LR2 newbuildings with deliveries expected in 2027 and 2029, and four VLCC newbuildings with deliveries expected in 2028.

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