$300M six-vessel sale reshapes Scorpio Tankers (NYSE: STNG) fleet
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Scorpio Tankers Inc. has entered into agreements to sell six 2014-built product tankers for $300 million in aggregate. Three LR2 tankers (STI Park, STI Sloane and STI Madison) are being sold for $195 million, and three MR tankers (STI Aqua, STI Regina and STI Opera) for $105 million. The sales are expected to close within the second quarter of 2026. There is no debt outstanding on STI Park and STI Sloane, while $10.7 million is outstanding on STI Madison under the 2023 $225.0 million Revolving Credit Facility. The MR tankers had an aggregate outstanding debt balance of $21.3 million on the same facility, which was repaid in April 2026.
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Insights
Scorpio Tankers is monetizing older tonnage and reducing related debt through a $300M six-vessel sale.
Scorpio Tankers agreed to sell six 2014-built product tankers for $300 million in aggregate, split between three LR2s at $195 million and three MRs at $105 million. The transactions focus on mid-aged ships rather than the youngest part of the fleet.
The release notes there is no debt on STI Park and STI Sloane, while STI Madison carries $10.7 million on the 2023 $225.0 million Revolving Credit Facility. The three MR tankers had $21.3 million outstanding on the same facility, which was repaid in April 2026, indicating some balance sheet cleanup around these assets.
The company also highlights a broader fleet evolution: it currently owns 87 product tankers and has agreements to sell additional MR and LR2 vessels, alongside MR, LR2 and VLCC newbuildings delivering between 2026 and 2029. Subsequent disclosures in company filings may describe how proceeds from the six-vessel sale are ultimately allocated between debt reduction, investment and other corporate purposes.
Key Figures
Aggregate vessel sale price: $300 million
LR2 sale price: $195 million
MR sale price: $105 million
+5 more
8 metrics
Aggregate vessel sale price
$300 million
Sale of six 2014-built product tankers
LR2 sale price
$195 million
Three 2014-built LR2 product tankers
MR sale price
$105 million
Three 2014-built MR product tankers
Debt on STI Madison
$10.7 million
Outstanding on 2023 $225.0 million Revolving Credit Facility
MR vessels’ repaid debt
$21.3 million
Aggregate outstanding on 2023 $225.0 million Revolving Credit Facility, repaid April 2026
Revolving Credit Facility size
$225.0 million
2023 Revolving Credit Facility referenced for vessel debt
Current owned fleet
87 product tankers
Fleet size with average age 10.2 years
Average fleet age
10.2 years
Average age of 87 product tankers owned
Key Terms
LR2 product tankers, MR product tankers, Revolving Credit Facility, newbuildings, +1 more
5 terms
LR2 product tankers financial
"three 2014 built LR2 product tankers, STI Park, STI Sloane and STI Madison"
MR product tankers financial
"three 2014 built MR product tankers, STI Aqua, STI Regina and STI Opera"
Revolving Credit Facility financial
"2023 $225.0 Million Revolving Credit Facility with respect to STI Madison"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
newbuildings financial
"agreements for four MR newbuildings that are currently under construction"
Newbuildings are vessels that a shipping company has ordered and that are currently being built or have just been completed; think of them like custom cars on an assembly line that the company will add to its fleet. They matter to investors because newbuildings represent large upfront spending, future cargo or revenue capacity, and timing risk—delivery schedules, construction costs and financing affect a company’s profits, debt levels and ability to grow.
forward-looking statements regulatory
"Matters discussed in this press release may constitute forward‐looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission File Number: 001-34677
SCORPIO TANKERS INC.
(Translation of registrant’s name into English)
99, Boulevard du Jardin Exotique, Monaco 98000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this Report on Form 6-K (this “Report”) as Exhibit 99.1 is a copy of the press release issued by Scorpio Tankers Inc. (the “Company”) announcing that the Company has entered into agreements to sell six vessels for $300 million in aggregate.
The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statements on Form F-3 (Registration No. 333-286015) and S-8 (Registration No. 333-290540) that were filed with the U.S. Securities and Exchange Commission, with effective dates of March 21, 2025 and September 26, 2025, respectively.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SCORPIO TANKERS INC. | ||||||||||||||||||||
| (registrant) | ||||||||||||||||||||
Dated: April 21, 2026 | ||||||||||||||||||||
| By: | /s/ Christopher Avella | |||||||||||||||||||
| Christopher Avella | ||||||||||||||||||||
| Chief Financial Officer | ||||||||||||||||||||
Exhibit 99.1
Scorpio Tankers Inc. Announces Six Vessel Sale Agreements for $300 Million in Aggregate
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 $195 million in aggregate, and three 2014 built MR product tankers, STI Aqua, STI Regina and STI Opera, for $105 million in aggregate. The sale of these vessels is expected to close within the second quarter of 2026.
There is no debt outstanding with respect to STI Park and STI Sloane and there is $10.7 million of debt outstanding on the 2023 $225.0 Million Revolving Credit Facility with respect to STI Madison.
STI Aqua, STI Regina and STI Opera had an aggregate outstanding debt balance of $21.3 million on the 2023 $225.0 Million Revolving Credit Facility, which was repaid in April 2026.
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
FAQ
What transaction did Scorpio Tankers Inc. (STNG) announce in this 6-K?
Scorpio Tankers announced agreements to sell six 2014-built product tankers for $300 million in aggregate. The deal covers three LR2 vessels and three MR vessels, with closings expected within the second quarter of 2026, subject to the agreed terms being fulfilled.
Which vessels are included in Scorpio Tankers’ $300 million sale and for how much?
The sale covers three 2014-built LR2 tankers, STI Park, STI Sloane and STI Madison, for $195 million, and three 2014-built MR tankers, STI Aqua, STI Regina and STI Opera, for $105 million. Together, these transactions total $300 million in aggregate consideration.
When are the six Scorpio Tankers vessel sales expected to close?
The company states that the sale of the six 2014-built product tankers is expected to close within the second quarter of 2026. This timing applies collectively to the three LR2 vessels and three MR vessels covered by the announced agreements.
How much debt is associated with the Scorpio Tankers vessels being sold?
There is no debt on STI Park and STI Sloane, while STI Madison has $10.7 million outstanding on the 2023 $225.0 million Revolving Credit Facility. The three MR vessels had $21.3 million outstanding on the same facility, which was repaid in April 2026.
What does the filing say about Scorpio Tankers’ current fleet and future newbuildings?
Scorpio Tankers reports owning 87 product tankers with an average age of 10.2 years. It has agreements to sell additional MR and LR2 vessels and has MR, LR2 and VLCC newbuildings scheduled for delivery between 2026 and 2029, indicating ongoing fleet renewal.
How does this 6-K relate to Scorpio Tankers’ existing SEC registration statements?
The information in this report is incorporated by reference into Scorpio Tankers’ registration statements on Form F-3 and Form S-8, with effective dates in March 2025 and September 2025. This linkage allows the disclosed information to form part of those existing registration documents.