Scorpio Tankers Inc announced on 11 July that it has entered into agreements to sell five MR product tankers.
These include four vessels built in 2012 and one built in 2013. The 2012-built vessels—STI Garnet, STI Onyx, STI Ruby, and STI Topaz—three of which are scrubber-fitted, have been sold for a total of $142.5 million to three separate buyers. The 2013-built vessel, STI Beryl, which is not scrubber-fitted, has been sold for $36.6 million.
These sales involve no debt repayments, as all vessels are unencumbered. The transactions are expected to close within the third quarter of 2024. Following these sales, the Company’s entire fleet will consist of vessels built in 2014 or later.
Scorpio Tankers Inc. currently owns or lease finances 108 product tankers (39 LR2 tankers, 55 MR tankers and 14 Handymax tankers) with an average age of 8.3 years. The Company has entered into agreements to sell six of its MR tankers, which are expected to close in the second or third quarter of 2024.