Scorpio Tankers Inc. Announces a Vessel Sale Agreement
Rhea-AI Summary
Scorpio Tankers (NYSE:STNG) entered into an agreement to sell the 2015-built scrubber-fitted LR2 product tanker STI Kingsway for $57.5 million. The company expects the sale to close within the first or second quarter of 2026. The transaction represents a vessel disposal at an agreed fixed price and is subject to customary closing conditions.
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News Market Reaction
On the day this news was published, STNG gained 0.22%, reflecting a mild positive market reaction. Argus tracked a peak move of +5.4% during that session. Our momentum scanner triggered 42 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $7M to the company's valuation, bringing the market cap to $3.13B at that time. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
STNG was down 2.44% while peers were mixed: CMBT up 0.26%, EE up 1.5%, INSW down 0.46%, TRMD down 1.14%, GLNG down 1.52%, indicating stock-specific dynamics rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 05 | Time charter deals | Positive | -0.4% | Five-year time charters for two LR2 vessels at fixed daily rates. |
| Dec 16 | LR2 sales & buys | Positive | -1.3% | Sale of two LR2 tankers and purchase of two scrubber-fitted LR2 newbuildings. |
| Nov 11 | VLCC construction LOIs | Positive | -3.0% | Letters of intent to construct two VLCCs and partial sale of DHT stake. |
| Nov 06 | MR fleet reshuffle | Positive | +3.1% | Agreements to sell four MR tankers and buy four MR newbuildings. |
| Oct 30 | Q3 earnings & dividend | Positive | -1.4% | Q3 2025 results with higher dividend and details on cash, debt, and prepayments. |
Recent operational and capital allocation updates have frequently coincided with negative next-day price reactions, even when focused on fleet optimization or contracted revenue.
Over the last few months, Scorpio Tankers reported several fleet and capital structure actions. On Oct 30, 2025, it posted Q3 2025 results with $84.5M net income and a higher quarterly dividend, yet shares fell the next day. Subsequent announcements about selling MR and LR2 product tankers and ordering newbuilds on Nov 6, Nov 11, and Dec 16 often produced negative or muted moves. A Jan 5, 2026 time charter-out update also saw a slight decline, framing today’s vessel sale within an ongoing fleet-refresh cycle.
Market Pulse Summary
This announcement details the planned sale of the scrubber-fitted LR2 product tanker STI Kingsway, built in 2015, for $57.5 million with closing expected in Q1–Q2 2026. It follows recent actions involving LR2 and MR tanker sales, newbuild purchases, and time charter-out agreements, indicating an active fleet-management phase. Investors may monitor how these asset moves, together with prior dividend and earnings disclosures, affect fleet composition, leverage, and future cash generation.
Key Terms
scrubber-fitted technical
LR2 product tanker technical
AI-generated analysis. Not financial advice.
MONACO, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into an agreement to sell the 2015 built scrubber-fitted LR2 product tanker, STI Kingsway. The selling price is
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 93 product tankers (37 LR2 tankers, 42 MR tankers and 14 Handymax tankers) with an average age of 9.8 years. The Company has entered into agreements to sell four LR2 product tankers (including the vessel announced in this release) which are expected to close in the first or 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, two VLCC newbuildings with deliveries expected in the second half of 2028, and two LR2 newbuildings with deliveries expected in the third quarter of 2027. Additional information about the Company is available at the Company’s website www.scorpiotankers.com, which is not a part of this press release.
Forward-Looking Statements
Matters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward‐looking statements in order to encourage companies to provide prospective information about their business. Forward‐looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "expect," "anticipate," "estimate," "intend," "plan," "target," "project," "likely," "may," "will," "would," "could" and similar expressions identify forward‐looking statements.
The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies in response to epidemics and other public health concerns including any effect on demand for petroleum products and the transportation thereof, expansion and growth of the Company’s operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including the impact of the conflict in Ukraine and the developments in the Middle East, including the armed conflict between Israel and Hamas, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off‐hires, and other factors. Please see the Company’s filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.
Contact Information
Scorpio Tankers Inc.
James Doyle – Head of Corporate Development & Investor Relations
Tel: +1 203-900-0559
Email: investor.relations@scorpiotankers.com
FAQ
What vessel is Scorpio Tankers (STNG) selling?
How much will STNG receive for the STI Kingsway?
When is the STI Kingsway sale expected to close for STNG?
Is the STI Kingsway sale final for Scorpio Tankers (STNG)?
Will the $57.5 million sale affect STNG financial results immediately?
Where can investors find the closing timeline for STNG's vessel sale?
