Monitor the second quarter 2026 filings for confirmation of the sale closure and any impact on fleet utilization or capital allocation strategy.
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Executive Summary
Scorpio Tankers announced the sale of six vessels for $300 million in aggregate, consisting of three LR2 product tankers and three MR product tankers. The sales are expected to close in the second quarter of 2026. This transaction reduces the company's fleet size while generating liquidity.
Key Facts
- Scorpio Tankers is selling six vessels: three 2014-built LR2 product tankers (STI Park, STI Sloane, STI Madison) for $195 million and three 2014-built MR product tankers (STI Aqua, STI Regina, STI Opera) for $105 million.
- The sale of these vessels is expected to close within the second quarter of 2026.
- There is no debt outstanding on STI Park and STI Sloane, $10.7 million on STI Madison, and $21.3 million on STI Aqua, STI Regina, and STI Opera, which was repaid in April 2026.
- After the sale, Scorpio Tankers will own 81 product tankers (29 LR2, 38 MR, 14 Handymax).
Financial Impact
The company will receive $300 million from the sale of six vessels, with $21.3 million of associated debt already repaid.
Risk Factors
- Potential delay in closing the vessel sales
- Lower fleet capacity may impact future revenue if charter rates decline
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001483934-26-000034 |
| Document: stng6k-04212026.htm | 0001483934-26-000034 |
| Document: 0001483934-26-000034-index-headers.html | 0001483934-26-000034 |
| Document: 0001483934-26-000034-index.html | 0001483934-26-000034 |
| Document: 0001483934-26-000034.txt | 0001483934-26-000034 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 28d ago | 144 | $82.12 $85.73 | ▼ −4.40% | ▼ −5.51% | $86.23 (−5.00%) |
Jun 18, 2026 15w ago | Press Release | $80.58 $75.46 | ▼ −6.35% | ▼ −4.69% | $86.23 (+7.01%) |
May 28, 2026 18w ago | 6-K | $74.51 $75.96 | ▲ +1.95% | ▲ +4.47% | $86.23 (+15.73%) |
May 27, 2026 18w ago | Press Release | $77.70 $75.04 | ▼ −3.42% | ▼ −4.63% | $86.23 (+10.98%) |
May 8, 2026 21w ago | Press Release | $84.41 $82.72 | ▼ −2.00% | ▼ −3.47% | $86.23 (+2.16%) |
May 5, 2026 21w ago | 6-K | $82.56 $83.51 | ▲ +1.15% | ▲ +0.02% | $86.23 (+4.45%) |
May 5, 2026 21w ago | Press Release | $86.62 $85.15 | ▼ −1.70% | ▼ −3.68% | $86.23 (−0.45%) |
Apr 21, 2026 23w ago | 6-K | $75.97 $82.08 | ▲ +8.04% | ▲ +7.98% | $86.23 (+13.51%) |
Apr 21, 2026 23w ago | 6-K | $75.97 $82.08 | ▲ +8.04% | ▲ +7.98% | $86.23 (+13.51%) |
Apr 10, 2026 25w ago | Press Release | $76.45 $76.89 | ▲ +0.58% | ▼ −2.72% | $86.23 (+12.79%) |
US Market Status
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