Scorpio Tankers to Sell LR2 Product Tanker 'STI Kingsway' for $57.5 Million
STNG sits 79% above its 52-week low of $30.63.
Summary
Scorpio Tankers Inc. announced the sale of its 2015-built LR2 product tanker, STI Kingsway, for $57.5 million, as part of its ongoing fleet management strategy.
Key Events · Financing and Capital Events · STNG
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Vessel Sale Agreement
Scorpio Tankers Inc. has entered into an agreement to sell the 2015-built scrubber-fitted LR2 product tanker, STI Kingsway, for $57.5 million.
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Strategic Fleet Management
The sale is part of a broader strategy, with the company having agreements to sell a total of four LR2 product tankers and orders for four MR newbuildings, two VLCC newbuildings, and two LR2 newbuildings for future delivery.
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Expected Closing
The sale of STI Kingsway is expected to close within the first or second quarter of 2026.
Analysis · STNG · Energy & Transportation
Scorpio Tankers Inc. announced the sale of a 2015-built LR2 product tanker for $57.5 million. This significant asset disposition provides a substantial capital infusion for the company. The sale is part of a broader fleet management strategy, which includes agreements to sell three other LR2 tankers and orders for new MR, VLCC, and LR2 vessels. This strategic move indicates a focus on optimizing the fleet composition and age profile, potentially strengthening the balance sheet and future operational efficiency.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 38.5% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, STNG was trading at $54.93 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $30.63 to $65.52. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.