Research Reports

Key takeaways

Entered agreements to sell STI Brooklyn and STI Black Hawk for $35.0 million per vessel.

Vessels are 2015-built scrubber-fitted MR product tankers.

Sales expected to close within second quarter of 2026.

Company currently owns 89 product tankers with average age of 10.1 years.

Additional sales agreements for one LR2 and four MR tankers expected in Q2 2026.

Four MR newbuildings under construction with deliveries in 2026 and 2027.

Full analysis

Scorpio Tankers Inc. announced agreements to divest two MR product tankers built in 2015 and equipped with scrubbers at $35.0 million each, signaling active fleet optimization amid its current ownership of 89 vessels averaging 10.1 years old. This transaction aligns with broader sales activity, including one LR2 and four additional MR tankers also slated for Q2 2026 closure. Concurrently, the company is expanding through newbuildings: four MR vessels under construction for 2026-2027 delivery, four LR2 for 2027-2029, and two VLCCs in second half 2028. These moves suggest strategic management of fleet composition, balancing disposals of older assets with modern tonnage additions to maintain competitiveness in marine petroleum transportation.

STNG · Scorpio Tankers Inc.

Summary

Key takeaways

Full analysis