Scorpio Tankers Sells Six Vessels for $300 Million

Overview of the Sale#

Scorpio Tankers Inc. has announced that it will sell six vessels for a total of $300 million. This sale includes three LR2 product tankers and three MR product tankers, all built in 2014.

Details of the Vessels#

The three LR2 product tankers—named STI Park, STI Sloane, and STI Madison—are being sold for a combined total of $195 million. Meanwhile, the three MR product tankers—STI Aqua, STI Regina, and STI Opera—are being sold for $105 million.

Financial Implications#

The sale is expected to finalize in the second quarter of 2026. Notably, STI Park and STI Sloane do not carry any outstanding debt. However, STI Madison has $10.7 million in debt linked to a revolving credit facility. The MR tankers—STI Aqua, STI Regina, and STI Opera—had a total debt of $21.3 million, which was paid off in April 2026.

Conclusion#

This transaction marks a significant move for Scorpio Tankers as it continues to manage its fleet and financial obligations. The sale of these vessels reflects the company's strategic decisions in the maritime shipping sector.