Scorpio Tankers Inc. Announces Six Vessel Sale Agreements for $300 Million in Aggregate
Rhea-AI Summary
Scorpio Tankers (NYSE: STNG) agreed to sell six vessels for $300.0 million in aggregate, comprising three 2014 LR2 product tankers for $195.0 million and three 2014 MR product tankers for $105.0 million.
The sales are expected to close within Q2 2026. There is no debt on STI Park and STI Sloane; STI Madison had $10.7 million outstanding on the 2023 $225.0 million revolving credit facility. The three MR vessels had an aggregate $21.3 million outstanding, which was repaid in April 2026.
Positive
- Aggregate sale proceeds of $300.0 million
- MR vessel debt repaid of $21.3 million in April 2026
- Two LR2 vessels (STI Park, STI Sloane) with no outstanding debt
Negative
- $10.7 million outstanding debt on STI Madison at announcement
- Six vessels are 2014-built, indicating older fleet assets being sold
News Market Reaction – STNG
In the Apr 21 session, STNG declined 2.95%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 10 | Notes closing & buyback | Positive | +2.6% | Closed $375M 2031 convertibles and repurchased 1.34M shares at $74.36. |
| Apr 07 | Notes pricing & buyback | Positive | +3.3% | Priced $325M 2031 converts, upsized deal and outlined concurrent buyback. |
| Apr 07 | Proposed notes & buyback | Positive | +3.3% | Announced intention to issue $300M converts with additional $45M option. |
| Apr 02 | Micronuclear partnership | Positive | +3.1% | Formed strategic collaboration with AMPERA, including $10M investment. |
| Mar 30 | Vessel sale agreements | Positive | +1.4% | Agreed to sell two 2015-built MR product tankers at $35M per vessel. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Across the last 5 news events, all showed positive next-day price reactions to financing, asset sale, and strategic announcements.
Over recent weeks, Scorpio Tankers has focused on balance sheet and fleet optimization. It priced and closed $375 million of 1.75% convertible notes due 2031 with concurrent buybacks around $74.36 per share, announced a micronuclear power collaboration with AMPERA backed by a $10 million investment, and agreed to sell MR tankers for $35.0 million each. All these announcements saw positive single-day moves, and today’s larger $300 million vessel sale fits that ongoing de‑leveraging and fleet-refresh narrative.
Key Terms
revolving credit facility financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONACO, April 20, 2026 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers,” or the “Company”) announced today 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
There is no debt outstanding with respect to STI Park and STI Sloane and there is
STI Aqua, STI Regina and STI Opera had an aggregate outstanding debt balance of
About Scorpio Tankers Inc.
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. 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, 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, the impact of the current and future sanctions that may impact the transportation of petroleum products, potential liability from pending or future litigation, general domestic and international political conditions, which have and may continue to disrupt certain global shipping routes, vessel 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
