Scorpio Tankers announces six vessel sale agreements for $300M

Scorpio Tankers (STNG) announced 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 $195M in aggregate, and three 2014 built MR product tankers, STI Aqua, STI Regina and STI Opera, for $105M in aggregate. The sale of these vessels is expected to close within Q2 of 2026. There is no debt outstanding with respect to STI Park and STI Sloane and there is $10.7M of debt outstanding on the 2023 $225.0M Revolving Credit Facility with respect to STI Madison. STI Aqua, STI Regina and STI Opera had an aggregate outstanding debt balance of $21.3M on the 2023 $225.0M Revolving Credit Facility, which was repaid in April 2026.