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StocksMedium•20 April 2026•

1 min read

Scorpio Tankers to Sell Six Vessels for $300 Million in Fleet Optimization Move

Key Facts

1Scorpio Tankers entered agreements to sell six product tankers for an aggregate of $300 million.

Scorpio Tankers Inc. (NYSE: STNG) has entered into definitive agreements to sell six product tankers for an aggregate price of $300 million. The transaction comprises three LR2 tankers valued at $195 million and three MR tankers for $105 million, all of which were built in 2014. These vessel sales are projected to close within the second quarter of 2026, according to the company's latest filing. This strategic divestment allows Scorpio Tankers to capitalize on elevated asset values currently driven by geopolitical volatility and maritime disruptions in the Strait of Hormuz. The move is expected to significantly bolster the company's liquidity and strengthen its overall balance sheet. Analysts view this as a proactive step in fleet optimization amid a high-demand environment for tanker assets.