Scorpio Tankers Announces Vessel Sales Agreements and a New Time Charter-Out Agreement

Core Points - Scorpio Tankers Inc. has announced the sale of two vessels and a new time charter-out agreement [1] Vessel Sales - The company has entered into agreements to sell two MR product tankers, STI San Antonio and STI Texas City, built in 2014, for $42.5 million each, with expected closure in Q4 2024 [2] Time Charter-Out Agreement - A three-year time charter-out agreement has been established for the 2018 built MR product tanker, STI Jardins, at a rate of $29,550 per day, with the charter expected to commence in Q3 or Q4 2024 [3] Company Overview - Scorpio Tankers Inc. operates a fleet of 104 product tankers, including 39 LR2, 51 MR, and 14 Handymax tankers, with an average age of 8.5 years. The company has agreements to sell four MR tankers, expected to close in Q3 and Q4 2024 [4]