MONACO, March  05, 2026  (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (&#34;Scorpio Tankers,&#34; or the &#34;Company&#34;) announced that it has entered into agreements to sell three product tankers and time charter-out two

STNG

Scorpio Tankers Inc. Announces Vessel Sale Agreements and Time Charter-Out Agreements

Scorpio Tankers announces $130 million vessel sales and charter agreements

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MONACO, March  05, 2026  (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (&amp;#34;Scorpio Tankers,&amp;#34; or the &amp;#34;Company&amp;#34;) announced that it has entered into agreements to sell three product tankers and time charter-out two</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Scorpio Tankers has announced plans to sell three product tankers for a total of $130 million, which are expected to close in the first or second quarter of 2026. The company also secured long-term charters for two additional vessels, strengthening its revenue stream amid ongoing market challenges.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Scorpio Tankers sells three product tankers for $130 million.</li><li>Sales close expected in Q1 or Q2 2026.</li><li>Company charters out two LR2 tankers for long terms.</li><li>New buildings for MR and LR2 tankers scheduled for 2026-2029.</li><li>Vessels financed under a $1 billion credit facility.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Scorpio Tankers Inc. (STNG)</strong>: Strategic sales and charters may enhance liquidity and market position.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits the category of Corporate Developments, highlighting significant operational decisions that may lead to improved financial stability and future growth for Scorpio Tankers amid fluctuating market conditions.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Vessel sales enhance cash flow, improving STNG&#039;s financial health.</li><li>Long-term charters provide predictable revenue streams, bolstering future earnings.</li><li>Market reception of the sale&#039;s completion could impact stock pricing positively.</li><li>Newbuilding agreements expand the fleet, potentially increasing market share.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>STI Seneca and STI Osceola sold for $35 million each.</li><li>STI Solidarity sold for $60 million.</li><li>Charters for STI Lombard and STI Rambla set at $33,000 and $30,500 per day.</li><li>Vessel sales expected to close in Q1 or Q2 2026.</li><li>Company expecting newbuild deliveries between 2026 and 2029.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>OTC investment in STNG is favorable due to vessel sales and long-term charters enhancing cash flow.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">MONACO, March  05, 2026  (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/STNG">STNG</a>) ("Scorpio Tankers," or the "Company") announced that it has entered into agreements to sell three product tankers and time charter-out two product tankers.</p>  <p align="justify"><strong>Vessel Sales</strong></p>  <p align="justify">The Company has entered into agreements to sell two 2015 built scrubber-fitted MR product tankers, <em>STI Seneca</em> and <em>STI Osceola,</em> for $35.0 million per vessel and a 2015 built scrubber-fitted LR2 product tanker, <em>STI Solidarity, </em>for $60.0 million. The sale of these vessels is expected to close within the first or second quarter of 2026.</p>  <p align="justify">The vessels are currently financed on the Company's 2023 $1.0 Billion Credit Facility with an aggregate outstanding debt balance of $20.2 million.</p>  <p align="justify"><strong>Time Charter-Out Agreements</strong></p>  <p align="justify">The Company has entered into agreements to time charter-out two LR2 product tankers, <em>STI Lombard</em> and <em>STI Rambla</em>. The term of the agreement for <em>STI Lombard</em> is five years at a rate of $33,000 per day. The term of the agreement for <em>STI Rambla</em> is eight years at a rate of $30,500 per day. These charters are expected to commence in the first or second quarter of 2026.</p>  <p align="justify"><strong>About Scorpio Tankers Inc.</strong></p>  <p align="justify">Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. 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 announced in this press release), 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. Additional information about the Company is available at the Company's website <a href="http://www.scorpiotankers.com" title="www.scorpiotankers.com">www.scorpiotankers.com</a>. Information on the Company's website does not constitute a part of and is not incorporated by reference into this press release.</p>  <p align="justify"><strong>Forward-Looking Statements</strong></p>  <p align="justify">Matters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward‐looking statements in order to encourage companies to provide prospective information about their business. Forward‐looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "expect," "anticipate," "estimate," "intend," "plan," "target," "project," "likely," "may," "will," "would," "could" and similar expressions identify forward‐looking statements.</p>  <p align="justify">The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise.</p>  <p align="justify">In addition to these important factors, other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward‐looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, expansion and growth of the Company's operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company's operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company's vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, including without limitation the potential expenses incurred under the recently implemented port fee regimes in the United States and China that may be applicable to certain of our vessels, the impact of the current and future sanctions that may impact the transportation of petroleum products, potential liability from pending or future litigation, general domestic and international political conditions, which have and may continue to disrupt certain global shipping routes, vessel breakdowns and instances of off‐hires, and other factors. Please see the Company's filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.</p>  <p><strong>Contact Information</strong></p>  <p>Scorpio Tankers Inc. <br></br>James Doyle – Head of Corporate Development &amp; Investor Relations <br></br>Tel: +1 203-900-0559 <br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=V3I03NFhGWvMfsJmFardZFi0RwZlttUxN-N67szZRCxraatUEwlW-2bfoKlmpUOPje-Cj4yDm-gnrkRIr_4E9ZSyRgvwmFeMaJEKRtsEtnCTm-oa2nKTkBqwY5DGtdESGcIwVd5sXy1zOUcQqdStLw==" rel="nofollow" target="_blank">investor.relations@scorpiotankers.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY2NjQ3MiM3NDY4NjkwIzIwODMwNDY="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NjgxM2M3MGUtMTY4NS00MTQ3LTgwMmEtNTRkZTFjYTg1ZmU4LTEwOTQ2MTctMjAyNi0wMy0wNS1lbg==/tiny/Scorpio-Tankers-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/f7e24336-fbde-413f-9519-5f0b0fc0f292"><img src="https://ml.globenewswire.com/media/f7e24336-fbde-413f-9519-5f0b0fc0f292/small/scorpio-png.png" border="0" width="150" height="44" alt="Primary Logo"></img></a></p>

Scorpio Tankers has announced plans to sell three product tankers for a total of $130 million, which are expected to close in the first or second quarter of 2026. The company also secured long-term charters for two additional vessels, strengthening its revenue stream amid ongoing market challenges.

Scorpio Tankers Inc. Announces Vessel Sale Agreements and Time Charter-Out Agreements

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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