Monaco-based Scorpio Tankers Inc. has announced 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.

Following the sale of the two vessels, the New York-listed firm will have a fleet of 109 vessels, according to
The maritime news portal adds that the sale comes after several repurchases. In February, Scorpio Tankers exercised purchase options on two MRs – the STI Gramercy and STI Queens – and a pair of LR2s – the STI Oxford and STI Selatar.

In January, the company bought five MRs out of lease financing, slashing debt by about $61m as well as repurchasing 13 more ships in December 2023.


PHOTO: Scorpio Tankers