📰 What This Document Is 📄

This filing is a Form 6-K, which is used by international companies (like Scorpio Tankers) to report material, unscheduled events to the U.S. Securities and Exchange Commission. In simple terms, it is a notice of a major business development.

👉 The headline takeaway is that the company is actively managing its fleet by selling six older vessels while simultaneously expanding its capacity with several new ships under construction.

⚓ What The Company Does 🚢

Scorpio Tankers is a global player in the marine transportation industry, specializing in moving petroleum products. They operate product tankers, which are specialized ships designed to carry various refined oil products like gasoline, jet fuel, and diesel.

👉 The company currently has a substantial fleet of 87 product tankers, including 32 LR2 tankers, 41 MR tankers, and 14 Handymax tankers, maintaining an average fleet age of 10.2 years.

💰 Planned Vessel Sales: LR2 Tankers 🟡

The first major move announced is the sale of three specific LR2 product tankers: STI Park, STI Sloane, and STI Madison. These vessels are 2014 built and represent a sale of $195 million in aggregate.

• STI Park and STI Sloane: The sale of these two vessels is simpler, as there is no debt outstanding associated with them.
• STI Madison: This vessel has some debt attached, with $10.7 million outstanding on the 2023 $225.0 Million Revolving Credit Facility.

👉 The sale of these specific assets generates immediate capital, which typically funds the purchase of new equipment or reduces debt.

🏗️ Planned Vessel Sales: MR Tankers ⛽

The second group of vessels being sold includes three 2014 built MR product tankers: STI Aqua, STI Regina, and STI Opera. The combined value of these three tankers is $105 million.

• Debt Repayment: These vessels came with an aggregate outstanding debt balance of $21.3 million from the 2023 $225.0 Million Revolving Credit Facility. The filing notes that this debt is expected to be repaid in April 2026.

👉 Totaling these two sales, the Company has entered into agreements to sell six vessels for $300 million in aggregate.

🌊 Future Fleet Expansion (Newbuilds) 🚢

Despite selling older ships, Scorpio Tankers is making significant investments in its future fleet. They have multiple newbuildings currently under construction, ensuring the company maintains capacity and modernizes its fleet over the next several years.

• MR Newbuildings: They have agreements for four MR newbuildings, expected to be delivered in 2026 and 2027.
• LR2 Newbuildings: Four LR2 newbuildings are also underway, with expected deliveries spread across 2027 and 2029.
• VLCC Newbuildings: The largest vessels, two VLCC (Very Large Crude Carrier) newbuildings, are slated for delivery in the second half of 2028.

👉 These new deliveries indicate a long-term, aggressive strategy to replace aging assets and expand capacity into larger and more specialized segments.

🗓️ Transaction Timeline & Logistics ⏳

The agreements for these six vessel sales are expected to finalize and close during the second quarter of 2026. This timeline is critical as it dictates when the cash flow from these sales will hit the company's balance sheet.

👉 The expected closure date in Q2 2026 gives the reader an important heads-up on when the company's liquidity will improve significantly from these transactions.

📞 Investor Relations & Contacts 📧

The company has provided specific contact information for investors needing more details about these transactions or the company's operational status.

• Telephone: +1 203-900-0559
• Email: [email protected]

🧠 The Analogy

Think of Scorpio Tankers like a well-maintained antique car collector who is simultaneously selling off three older, valuable models to finance the construction of a much more modern, customized sports car. They are methodically liquidating older assets to fund the creation of a larger, more advanced future lineup.

🧩 Final Takeaway

Scorpio Tankers is executing a disciplined capital plan: selling six older vessels for $300 million by Q2 2026 to fund the sustained construction of a large, modern fleet of tankers over the next several years.