MONACO, March  30, 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 two 2015 built scrubber-fitted MR product

STNG

Scorpio Tankers Inc. Announces Vessel Sale Agreements

Scorpio Tankers agrees to sell MR product tankers for $70 million total

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MONACO, March  30, 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 two 2015 built scrubber-fitted MR product</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Scorpio Tankers Inc. has reached agreements to sell two MR product tankers for a total of $70 million, with an expected closing date in Q2 2026. This strategy aligns with the company&#039;s broader plan to modernize its fleet and enhance cash flow, which could positively affect its financial outlook moving forward.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Scorpio Tankers sells two MR product tankers for $35 million each.</li><li>The vessels are expected to close in Q2 2026.</li><li>Scorpio owns 89 product tankers, diversifying its fleet.</li><li>Agreements include sales and newbuilding deliveries expected up to 2029.</li><li>Company strategy focuses on modernizing fleet while capitalizing on market conditions.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Scorpio Tankers Inc. (STNG)</strong>: Modernizing fleet could enhance operational efficiency and attract investors.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>The article fits within &#039;Corporate Developments&#039; as it highlights strategic asset management that could enhance Scorpio Tankers&#039; operational capabilities and market position.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Sales of two tankers could strengthen STNG&#039;s cash position significantly.</li><li>Expected closing in Q2 2026 aligns with upcoming revenue seasons.</li><li>Company&#039;s aging fleet strategy may enhance operational efficiency and reduce costs.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Vessels sold: STI Brooklyn and STI Black Hawk for $35 million each.</li><li>Total expected sales revenue: $70 million.</li><li>Current fleet includes 89 product tankers with an average age of 10.1 years.</li><li>Agreements for four MR and LR2 newbuildings with deliveries through 2029.</li><li>Sales closing expected in the second quarter of 2026.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy STNG as fleet sales could signal improved cash flow and operational efficiency.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">MONACO, March  30, 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 two 2015 built scrubber-fitted MR product tankers, <em>STI Brooklyn</em> and <em>STI Black Hawk</em>, for $35.0 million per vessel. The sale of these vessels is expected to close within the 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 89 product tankers (33 LR2 tankers, 42 MR tankers and 14 Handymax tankers) with an average age of 10.1 years. The Company has reached agreements to sell an LR2 product tanker and four MR product tankers, which are expected to close in the 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="https://www.globenewswire.com/Tracker?data=QW7NbmwXSMcA7oNR4TGXqTIy45C5kbla-kN6YP4LTMEcbFzdlNMqjv4Wz-DKUesWJmXvNzL5Ylw4MqsLpVceoNJ7CnlO0dQVzcRfIAjeKuk=" rel="nofollow" target="_blank">www.scorpiotankers.com</a>, which is not a part of 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, 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=pYbfMB5z2Y17LU5s-jOqcdq3phCHlIfBYT3_IP7z7-PSSDPHp0CnQKaZl_Nh0MWuaI5V53PgrpD5OumRhQx1O7ZrsNvXb1C0zE0v1VNvpiBPFmCv_kWVLir45buCXeyAY_ELdqQTORDFGQKU8bHKkg==" rel="nofollow" target="_blank">investor.relations@scorpiotankers.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY4MTA4NyM3NTEwNjA2IzIwODMwNDY="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ODliNGM3NzctYmExNS00YzVkLTk2ZjYtN2UwOGFkN2UwMDVmLTEwOTQ2MTctMjAyNi0wMy0zMC1lbg==/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 Inc. has reached agreements to sell two MR product tankers for a total of $70 million, with an expected closing date in Q2 2026. This strategy aligns with the company's broader plan to modernize its fleet and enhance cash flow, which could positively affect its financial outlook moving forward.

Scorpio Tankers Inc. Announces Vessel Sale Agreements

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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