Company Overview - Scorpio Tankers Inc. (NYSE:STNG) is engaged in the seaborne transportation of refined petroleum and crude oil products globally, with a fleet consisting of 99 owned and leased financed tankers as of March 20, 2025 [4] - The company was founded in 2009 and is based in Monaco [4] Fleet and Operations - The company currently owns or leases a fleet of 93 product tankers with an average age of 9.8 years, including 42 MR tankers, 14 Handymax tankers, and 37 LR2 tankers [2] - Scorpio Tankers has entered into five-year time charter agreements for two LR2 product tankers, STI Rose and STI Alexis, at a daily rate of $29,000 per vessel, scheduled to begin in the first quarter of 2026 [1] - The firm has agreed to sell three LR2 product tankers, with closings expected in the first quarter of 2026 [2] - The company has 4 MR newbuildings expected to be delivered in 2026 and 2027, two LR2 newbuildings due in the third quarter of 2027, and two VLCC newbuildings with planned delivery in the second half of 2028 [2] Analyst Ratings and Market Potential - BTIG analyst Gregory Lewis reaffirmed a Buy rating on Scorpio Tankers, with a price target of $75, implying a further 36.4% upside from current levels, consistent with the median Wall Street analysts' upside of 35% [3]

Core Viewpoint - The European Union is urged to implement a ban on companies providing support to Moscow's oil and gas-shipping fleet, impose sanctions on Russian fertilizers, and halt luxury goods exports to Russia [1] Group 1 - The proposed ban aims to restrict companies from aiding the oil and gas sector in Russia, which is crucial for the country's economy [1] - Sanctions against Russian fertilizers are suggested to further weaken Russia's economic capabilities [1] - Stopping luxury goods exports to Russia is seen as a measure to limit the financial resources available to the Russian elite [1]