STNG - Scorpio Tankers Inc. Announces Agreements to Sell Two MR Product Tankers | Benzinga
MONACO, March 20, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has entered into agreements to sell two 2013 built MR product tankers, STI Larvotto and STI Le Rocher, for $36.15 million per vessel. The Company will make no debt repayments associated with these sales as these vessels are unencumbered. The sales are expected to close within the first half of 2024.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 111 product tankers (39 LR2 tankers, 58 MR tankers and 14 Handymax tankers) with an average age of 8.1 years. The Company has entered into agreements to sell three of its MR tankers within the first half of 2024. Additional information about the Company is available at the Company's website www.scorpiotankers.com, which is not a part of this press release.
Forward-Looking Statements
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 ...