Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 93 product tankers (37 LR2 tankers, 42 MR tankers and 14 Handymax tankers) with an average age of 9.8 years. The Company has entered into agreements to sell three LR2 product tankers which are expected to close in the first quarter of 2026. The Company has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027, two VLCC newbuildings with deliveries expected in the second half of 2028, and two LR2 newbuildings with deliveries expected in the third quarter of 2027. Additional information about the Company is available at the Company’s website www.scorpiotankers.com
SCORPIO TANKERS – Positioned to Perform Across All Market Scenarios
Overview
This webcast featured Mr. Robert Bugbee and Mr. James Doyle, to discuss the company’s performance and industry outlook. The discussion covered current market fundamentals, with Mr. Doyle explaining that product tanker rates remained strong even before the Strait of Hormuz disruption, driven by pent-up demand, global inventory restocking needs, and an aging fleet requiring renewal by 2028. Mr. Bugbee highlighted Scorpio’s debt reduction, from $2.9 billion in net debt in December 2021 to near debt-free status and $2.5 billion in liquidity by May 2026, enabling low breakeven levels and shareholder returns. Mr. Bugbee and Mr. Doyle also discussed the impact of the Strait of Hormuz disruption on trade patterns and inventory management, noting that while current disruptions are significant, the industry may see lasting changes in trade routes and contract structures. About STNG Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns 87 product tankers (32 LR2 tankers, 41 MR tankers and 14 Handymax tankers) with an average age of 10.2 years. The Company has reached agreements to sell six MR product tankers and three LR2 product tankers, which are expected to close in the second quarter of 2026. The Company has also reached agreements for four MR new buildings that are currently under construction with deliveries expected in 2026 and 2027, four LR2 new buildings with deliveries expected in 2027 and 2029 and two VLCC new buildings with deliveries expected in the second half of 2028. For more information please visit: www.scorpiotankers.com
SCORPIO TANKERS - Positioned to Perform Across All Market Scenarios
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Scorpio Tankers Inc. (NYSE: STNG)
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