Scorpio Tankers to sell two 2019 built scrubber-fitted LR2 product tankers

Scorpio Tankers (STNG) announced that it has entered into agreements to sell two vessels and provided an update on its outstanding debt. The company has recently entered into agreements to sell two 2019 built scrubber-fitted LR2 product tankers, STI Lobelia and STI Lavender, for $61.2M per vessel. The sales are expected to close within the fourth quarter of 2025. Emanuele Lauro, Chairman and Chief Executive Officer, commented “These sales offer the dual benefit of capitalizing on cyclically high secondhand vessel values while further strengthening our balance sheet. At $131 million on a pro-forma basis, the company’s net debt could reach zero in the near future, an outcome which underscores both the cash-generating power of this market and our commitment to deleveraging.”