The New York-listed product tanker owner Scorpio Tankers has entered into agreements to sell four LR2 product tankers consisting of two 2014-built LR2 product tankers, STI Broadway and STI Condotti, and two 2015-built LR2 product tankers, STI Winnie and STI Lauren, for $285.8m in aggregate.
The Emanuele A. Lauro-led company said the sales of these vessels are expected to close within the second or third quarter of 2026.
Furthermore, the company has entered into a letter of intent to purchase two scrubber-fitted MR newbuilding product tankers for $46.25m per vessel.
The vessels are expected to be constructed at Jiangsu Yangzi-Mitsui Shipbuilding in China and deliveries are expected in the first quarter of 2030.
Aside from a 10% initial deposit, Scorpio Tankers said the remaining payments are not due until 2028 or later. The letter of intent is subject to the execution of definitive documentation.
Scorpio Tankers currently owns 83 product tankers, including 32 LR2s, 37 MRs and 14 Handymax vessels, with an average age of 10.2 years.
The shipowner has reached agreements to sell two MR product tankers and seven LR2 product tankers, which are expected to close in the second or third quarter of 2026.
Meanwhile, the company has reached agreements or letters of intent for six MR newbuildings (including the two mentioned in this article) that are currently under construction with deliveries expected in 2026, 2027 and 2030, four LR2 newbuildings with deliveries expected in 2027 and 2029 and two VLCC newbuildings with deliveries expected in 2028.
