Scorpio Tankers clinches $73.5m sale of LR2 product tanker

New York-listed Scorpio Tankers has clinched a deal to sell its 2019-built LR2 product tanker, STI Lily. The company confirmed on Tuesday that it agreed to sell the ship for a price of $73.5m.

Emanuele A. Lauro-led Scorpio didn’t disclose the name of the buyer in Tuesday’s statement and only revealed that the sale is expected to close within the fourth quarter of 2024.

Scorpio Tankers currently owns or lease finances 102 product tankers (39 LR2 tankers, 49 MR tankers and 14 handymax tankers) with an average age of 8.5 years.

The company has entered into agreements to sell three of its vessels (one LR2 and two MRs), all of which are expected to close in the fourth quarter of 2024.

As previously reported by Shipping Telegraph, Scorpio Tankers has clinched a charter rate of $29,550 per day for an MR product tanker. At the same time, the owner has sealed a deal to offload two scrubber fitted MR product tankers for $42.5m per vessel.

The Monaco-based company said it has recently entered into agreements to sell two 2014-built scrubber fitted MR product tankers, STI San Antonio and STI Texas City, for $42.5m per vessel.

As informed, these sales are expected to close within the fourth quarter of 2024.

Meanwhile, the company has entered into a three-year time charter-out agreement for the 2018 built MR product tanker, STI Jardins, for $29,550 per day.

The shipowner didn’t disclose the name of the charterer but mentioned that it has fixed out the vessel with “an oil major.”

The time charter for the not scrubber-fitted vessel is expected to commence within the third or fourth quarter of 2024.