Scorpio Tankers announces vessel sales agreements and a new time charter-out agreement

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Scorpio Tankers announced that it has entered into agreements to sell two vessels and a new time charter-out agreement.

Vessel Sales

The Company has recently entered into agreements to sell two 2014 built scrubber fitted MR product tankers, STI San Antonio and STI Texas City, for $42.5 million per vessel. These sales are expected to close within the fourth quarter of 2024.

Time Charter-Out Agreement

The Company has entered into a three-year time charter-out agreement for the 2018 built MR product tanker, STI Jardins, for $29,550 per day. This vessel is not scrubber-fitted. The charterer is an oil major and the time charter is expected to commence within the third or fourth quarter of 2024.