Monaco-headquartered Scorpio Tankers has entered into agreements to sell two 2013-built MR product tankers to an undisclosed customer.
Scorpio Tankers said that it would be selling the 49,990 dwt tankers STI Larvotto and STI Le Rocher for $36.15 million per vessel. Following the sale of the two vessels, the New York-listed firm will have a fleet of 109 vessels.
The Emanuele Lauro-led company added that there would be no debt repayments associated with these sales as these vessels are unencumbered. The sales are expected to close within the first half of 2024.
This sale comes after several repurchases. In February, Scorpio Tankers exercised the 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.
