Scorpio Tankers sells four vessels for $285.8 million, plans debt repayment

Go back to Scorpio Tankers sells four vessels for $285.8 million, plans debt repayment

Scorpio Tankers Inc. Announces Agreements to Sell Four LR2 Product Tankers, a Letter of Intent to Purchase Two Newbuilding MRs and its Intention to Repay All Secured Debt Due 2028

May 27, 2026 6:44 AM EDT

MONACO, May 27, 2026 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (Scorpio Tankers, or the Company) announced today that it has entered into agreements to sell four LR2 product tankers, a letter of intent to purchase two newbuilding MR product tankers and its intention to repay all outstanding secured debt due 2028.

Vessel Sales

The Company has entered into agreements to sell four LR2 product tankers consisting of two 2014 built LR2 product tankers, STI Broadway and STI Condotti, and two 2015 built LR2... More