Scorpio Tankers to Expand Fleet with New VLCCs

The latest announcement is out from Scorpio Tankers ( (STNG) ).

On November 11, 2025, Scorpio Tankers Inc. announced it has signed letters of intent to construct two Very Large Crude Carriers (VLCCs) at Hanwha Ocean Co. Ltd. in South Korea, with each vessel costing $128 million and deliveries anticipated in the latter half of 2028. Additionally, since October 28, 2025, the company has sold over two million shares of DHT Holdings Inc., reflecting its strategic outlook on the crude tanker market. These developments are part of Scorpio’s broader strategy to capitalize on favorable market conditions and enhance its fleet capabilities.

The most recent analyst rating on (STNG) stock is a Buy with a $73.00 price target. To see the full list of analyst forecasts on Scorpio Tankers stock, see the STNG Stock Forecast page.

Spark’s Take on STNG Stock

According to Spark, TipRanks’ AI Analyst, STNG is a Outperform.

Scorpio Tankers’ strong earnings call performance and positive technical indicators are the most significant factors driving the score. The company’s solid profitability and strategic financial management further support its position. However, challenges in revenue and cash flow growth, along with geopolitical uncertainties, present risks that temper the overall score.

To see Spark’s full report on STNG stock, click here.

More about Scorpio Tankers

Scorpio Tankers Inc. is a global provider of marine transportation for petroleum products. The company operates a fleet of 98 product tankers, including LR2, MR, and Handymax tankers, with an average age of 9.6 years. Scorpio Tankers is involved in both the sale and construction of tankers, with several newbuildings expected to be delivered between 2026 and 2028.

Average Trading Volume: 901,123

Technical Sentiment Signal: Buy

Current Market Cap: $3.29B

See more data about STNG stock on TipRanks’ Stock Analysis page.