Scorpio Tankers Sells Two LR2 Tankers for $52.3M Each and Purchases Newbuilds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
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Source: Newsfilter
- Asset Sales: Scorpio Tankers has entered into agreements to sell two 2016-built LR2 product tankers for $52.3 million each, with expected closing in Q1 2026, thereby optimizing its asset portfolio and reducing financial burdens.
- Debt Repayment: The sale of the STI Gallantry tanker will enable the company to fully repay $23.4 million in lease obligations by the end of 2025, further improving its financial condition and enhancing liquidity.
- Newbuilding Purchases: The company has also signed agreements to purchase two scrubber-fitted LR2 newbuilding product tankers for $70.8 million each, with deliveries expected in Q3 2027, thereby enhancing future transportation capacity.
- Market Expansion: This transaction will enhance Scorpio Tankers' competitiveness in the global petroleum transportation market, particularly as environmental regulations tighten, with the new scrubber tankers helping to meet the demand for cleaner shipping solutions.
Analyst Views on STNG
Wall Street analysts forecast STNG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for STNG is 72.00 USD with a low forecast of 53.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
0 Hold
1 Sell
Moderate Buy
Current: 57.400
Low
53.00
Averages
72.00
High
80.00
Current: 57.400
Low
53.00
Averages
72.00
High
80.00
About STNG
Scorpio Tankers Inc is a Monaco-based provider in the transportation of refined petroleum products. The Company involves in the oil, seaborne transportation of refined petroleum products from the tanker industry to the international shipping markets. It operates through four segments: Handymax, MR (Medium Range), Long Range 1 (LR1)/Panamax and Long Range 2 (LR2)/Aframax. It consists of 113 wholly owned, finance leased or bareboat chartered-in tankers (39 LR2, 60 MR and 14 Handymax). The segments represent a different type of vessel being around 110 with which it operates with the smaller and bigger type of ships that include Handymax, MR, LR1 and LR2 under its own ownership as well as finance, leased or chartered in.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
