The New York-listed product tanker owner Scorpio Tankers has entered into agreements to sell three product tankers and time charter-out two product tankers.
The shipowner has sealed deals to sell two 2015-built scrubber-fitted MR product tankers, STI Seneca and STI Osceola, for $35m per vessel and a 2015-built scrubber-fitted LR2 product tanker, STI Solidarity, for $60m.
The sale of these vessels is expected to close within the first or second quarter of 2026.
The vessels are currently financed on the company’s 2023 $1blin credit facility, Scorpio Tankers said, with an aggregate outstanding debt balance of $20.2m.
Meanwhile, the company entered into agreements to time charter-out two LR2 product tankers, STI Lombard and STI Rambla.
The term of the agreement for STI Lombard is five years at a rate of $33,000 per day, while the term of the agreement for STI Rambla is eight years at a rate of $30,500 per day.
These charters are expected to begin in the first or second quarter of 2026.
Scorpio Tankers currently owns 90 product tankers (34 LR2 tankers, 42 MR tankers and 14 handymax tankers) with an average age of 10.1 years.
The company has entered into agreements to sell two LR2 product tankers and two MR product tankers (including those already mentioned), which are expected to close in the first or second quarter of 2026.
The company has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027, four LR2 newbuildings with deliveries expected in 2027 and 2029, and two VLCC newbuildings with deliveries expected in the second half of 2028.
