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Scorpio Tankers Sells Two Ships Amidst Fleet Optimization
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Scorpio Tankers Sells Two Ships Amidst Fleet Optimization

Scorpio Tankers (STNG) has released an update.

Scorpio Tankers Inc. has announced the sale of two of its MR product tankers, built in 2013, for $36.15 million each, with expected closures in the first half of 2024. These vessels are debt-free, aligning with the company’s portfolio optimization strategy. Scorpio Tankers, a major player in marine transportation of petroleum products, maintains a fleet of 111 tankers and is streamlining operations by selling off assets.

For further insights into STNG stock, check out TipRanks’ Stock Analysis page.

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