Scorpio Tankers Inc. announced that it has entered into agreements to sell three product tankers and time charter-out two product tankers.
Vessel Sales
The Company has entered into agreements to sell two 2015 built scrubber-fitted MR product tankers, STI Seneca and STI Osceola, for $35.0 million per vessel and a 2015 built scrubber-fitted LR2 product tanker, STI Solidarity, for $60.0 million. The sale of these vessels is expected to close within the first or second quarter of 2026.
The vessels are currently financed on the Company’s 2023 $1.0 Billion Credit Facility with an aggregate outstanding debt balance of $20.2 million.
Time Charter-Out Agreements
The Company has entered into agreements to time charter-out two LR2 product tankers, STI Lombard and STI Rambla. The term of the agreement for STI Lombard is five years at a rate of $33,000 per day. The term of the agreement for STI Rambla is eight years at a rate of $30,500 per day. These charters are expected to commence in the first or second quarter of 2026.
Source: Scorpio Tankers Inc.
