Scorpio Tankers Optimizes Fleet with Vessel Sale

Scorpio Tankers (STNG) has released an update.

Scorpio Tankers Inc., a major player in marine transportation of petroleum products, has announced the sale of its 2019 built LR2 product tanker for $73.5 million, with the transaction expected to close in Q4 2024. This move is part of the company’s ongoing fleet optimization, as it also plans to sell two additional vessels within the same timeframe. Scorpio Tankers operates a fleet with an average age of 8.5 years and is known for its sizable presence in the global tanker market.

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