Scorpio Tankers agrees to buy two $135M vessels
The four newbuildings have expected delivery windows in 2028 and 2029, while the three tanker sales are expected to close before the end of 2026.
Sentiment and the balance of points
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Form Type
6-K
Rhea-AI Filing Summary
Scorpio Tankers Inc. (STNG) entered into agreements to sell three product tankers and purchase four newbuilding vessels. The agreed sale prices are $37.5 million for STI Dama, $70.0 million for STI Elysees and $73.0 million for STI Veneto; the sales are expected to close before the end of 2026.
The purchases cover two scrubber-fitted LR2 tankers at $72.8 million per vessel, with deliveries expected in October and November 2029, and two scrubber-fitted VLCCs at $135.0 million per vessel, with deliveries expected in September and October 2028.
Key Figures
STI Dama sale price: $37.5 million
STI Elysees sale price: $70.0 million
STI Veneto sale price: $73.0 million
+4 more
7 metrics
STI Dama sale price
$37.5 million
2014-built scrubber-fitted MR product tanker
STI Elysees sale price
$70.0 million
2014-built scrubber-fitted LR2 product tanker
STI Veneto sale price
$73.0 million
2015-built scrubber-fitted LR2 product tanker
LR2 newbuilding price per vessel
$72.8 million per vessel
Two scrubber-fitted LR2 product tankers; deliveries expected in October and November 2029
VLCC newbuilding price per vessel
$135.0 million per vessel
Two scrubber-fitted VLCCs; deliveries expected in September and October 2028
Product tankers covered by sale agreements
3 vessels
Sales expected to close before the end of 2026
Newbuilding vessels covered by purchase agreements
4 vessels
Two LR2 tankers and two VLCCs
Key Terms
scrubber-fitted, LR2, VLCCs, newbuilding vessels
4 terms
scrubber-fitted technical
"2014 built scrubber-fitted MR product tanker"
A vessel described as scrubber-fitted has been equipped with an exhaust gas cleaning system—a large filter that removes sulfur and other pollutants from ship engine emissions. For investors this matters because the retrofit changes operating economics and regulatory exposure: it can allow use of less expensive fuel while meeting environmental rules, but it requires upfront capital, affects maintenance and resale value, and alters running costs and compliance risk.
LR2 technical
"two scrubber-fitted LR2 product tankers"
VLCCs technical
"two scrubber-fitted VLCCs"
Very Large Crude Carriers (VLCCs) are the biggest ocean tankers used to move crude oil in huge batches—think of them as the freight trains of the sea that carry fuel between regions. Investors watch VLCC supply, demand and freight rates because changes affect shipping company profits, the cost and timing of oil deliveries, and broader energy trade flows, similar to how truck shortages or traffic jams can raise delivery costs and slow goods to market.
newbuilding vessels technical
"purchase four newbuilding vessels"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What prices did STNG agree to sell its three tankers for?
Scorpio Tankers agreed to sell STI Dama for $37.5 million, STI Elysees for $70.0 million and STI Veneto for $73.0 million. The sales are expected to close before the end of 2026.
What are the prices and expected delivery dates for STNG's newbuildings?
The agreements cover two LR2 tankers at $72.8 million per vessel, with deliveries expected in October and November 2029, and two VLCCs at $135.0 million per vessel, with deliveries expected in September and October 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 September 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 it has entered into agreements to sell three product tankers and purchase four newbuilding vessels.
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), S-8 (Registration No. 333-295734) and S-8 (Registration No. 333-299141) that were filed with the U.S. Securities and Exchange Commission, with effective dates of March 21, 2025, May 8, 2026, and September 25, 2026, 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: September 30, 2026 | ||||||||||||||||||||
| By: | /s/ Christopher Avella | |||||||||||||||||||
| Christopher Avella | ||||||||||||||||||||
| Chief Financial Officer | ||||||||||||||||||||
Exhibit 99.1
Scorpio Tankers Inc. Announces Agreements to Sell Three Product Tankers and Purchase Four Newbuilding Vessels
MONACO, Sept. 29, 2026 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into agreements to sell three product tankers and purchase four newbuilding vessels.
Vessel Sales
The Company has entered into agreements to sell three product tankers comprising the 2014 built scrubber-fitted MR product tanker, STI Dama, for $37.5 million, the 2014 built scrubber-fitted LR2 product tanker, STI Elysees, for $70.0 million, and the 2015 built scrubber-fitted LR2 product tanker, STI Veneto, for $73.0 million. The sales are expected to close before the end of 2026.
Newbuilding Vessel Purchases
The Company has entered into agreements to purchase four newbuilding vessels comprising two scrubber-fitted LR2 product tankers and two scrubber-fitted VLCCs. The LR2s are expected to be constructed at Jiangsu Hantong Ship Heavy Industry Co., Ltd. in China for $72.8 million per vessel with deliveries expected in October and November 2029. The VLCCs are expected to be constructed at Hengli Shipbuilding (Dalian) Co., Ltd. for $135.0 million per vessel with deliveries expected in September and October 2028.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 74 product tankers (25 LR2 tankers, 35 MR tankers and 14 Handymax tankers) with an average age of 10.2 years. The Company has reached agreements or letters of intent for five MR newbuildings that are currently under construction with deliveries expected in 2027 and 2030, eight LR2 newbuildings with deliveries expected in 2027 and 2029 and four VLCC newbuildings with deliveries expected in 2028. Additional information about the Company is available at the Company’s website www.scorpiotankers.com. Information on the Company’s website does not constitute a part of and is not incorporated by reference into 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, the ongoing military conflict in Iran which has had a significant direct and indirect impact on the trade of crude oil and refined petroleum products, potential disruption of shipping routes due to accidents or political events, 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