NYSE:STNGOil and Gas
How Fleet Renewal Moves and VLCC Orders Could Shape Scorpio Tankers' (STNG) Future Strategy
In recent days, Scorpio Tankers Inc. announced agreements to sell four 2014-built MR product tankers for US$32.0 million each and to purchase four MR newbuilding resales with expected deliveries in 2026 and 2027, as well as signing letters of intent for two new Very Large Crude Carriers (VLCCs) in South Korea for US$128 million per vessel with deliveries planned for late 2028.
This series of transactions signals a major step in Scorpio Tankers' fleet renewal and expansion efforts,...