Welcome to our dedicated page for Scorpio Tankers news (Ticker: STNG), a resource for investors and traders seeking the latest updates and insights on Scorpio Tankers stock.
Scorpio Tankers Inc. (NYSE: STNG) is a marine transportation company in the deep sea freight transportation industry, focused on moving petroleum products worldwide using a fleet of LR2, MR and Handymax product tankers. The news flow around Scorpio Tankers centers on fleet developments, chartering activity, financial performance and capital structure updates, all of which can influence how investors view the STNG stock.
Recent press releases filed on Form 6-K highlight vessel sale and purchase agreements, including the sale of scrubber-fitted MR and LR2 product tankers and the acquisition of scrubber-fitted MR and LR2 newbuildings. The company has also announced letters of intent to construct Very Large Crude Carriers (VLCCs), providing insight into its long-term fleet plans. These items appear frequently in Scorpio Tankers’ news and reflect its approach to fleet renewal and capital allocation.
Another key category of Scorpio Tankers news involves time charter-out and bareboat charter arrangements. The company has disclosed multi-year time charter-out agreements for LR2 product tankers such as STI Rose, STI Alexis, STI Spiga and STI Orchard, as well as a bareboat charter-out of the MR tanker STI Bosphorus in connection with participation in the U.S. Government’s Tanker Security Program. Updates on average daily Time Charter Equivalent revenue and contracted days also feature in its quarterly results releases.
Scorpio Tankers’ news releases additionally cover liquidity, debt and equity-related actions, including unscheduled prepayments on credit facilities, repayments of lease obligations, availability under revolving credit facilities, and activity under its securities repurchase program. Quarterly earnings announcements, dividend declarations and conference call details provide further context on the company’s financial results and communication with shareholders.
Investors and observers who follow STNG news can use this stream of information to track changes in the company’s fleet composition, charter coverage, leverage and capital commitments over time.
Scorpio Tankers (NYSE: STNG) secured a commitment from Bank of America for a credit facility of up to $50 million to finance two 2015-built LR2 product tankers, STI Rose and STI Alexis. The facility bears interest at SOFR + 1.20%, has a seven-year final maturity per vessel, and mirrors covenants in the company's existing facilities. The loan is subject to customary conditions precedent and definitive documentation, and is expected to close within Q2 2026.
Scorpio Tankers (NYSE: STNG) will release its first quarter 2026 results on Tuesday, May 5, 2026, in the morning EDT and will host a conference call at 9:00 AM Eastern Daylight Time (3:00 PM CEST). Webcast and telephonic participation details are provided for investors.
Live webcast available via the company website and a dial‑in option for US/Canada and international participants; registrants should join approximately 10 minutes early.
Scorpio Tankers (NYSE: STNG) agreed to sell six vessels for $300.0 million in aggregate, comprising three 2014 LR2 product tankers for $195.0 million and three 2014 MR product tankers for $105.0 million.
The sales are expected to close within Q2 2026. There is no debt on STI Park and STI Sloane; STI Madison had $10.7 million outstanding on the 2023 $225.0 million revolving credit facility. The three MR vessels had an aggregate $21.3 million outstanding, which was repaid in April 2026.
Scorpio Tankers (NYSE: STNG) closed a $375.0 million private offering of convertible senior notes due 2031, including full exercise of a $50.0 million option, and repurchased 1,344,809 shares at $74.36 each.
Notes bear 1.75% interest, mature April 15, 2031, and have an initial conversion price of about $100.39 per share; net proceeds were approximately $363.3 million, with ~$100.0 million used for the buyback.
Scorpio Tankers (NYSE: STNG) priced a private offering of $325 million aggregate principal amount of 1.75% convertible senior notes due 2031, increased from $300 million, with an initial purchaser option for an additional $50 million.
The company will concurrently repurchase ~1.34 million shares at $74.36 per share and expects net proceeds of approximately $314.7 million (or ~$363.3 million if option exercised). Interest is payable semiannually; initial conversion rate equals 9.9615 shares per $1,000 principal (conversion price ~$100.39).
Scorpio Tankers (NYSE: STNG) intends to offer $300,000,000 aggregate principal amount of convertible senior notes due April 15, 2031, with an initial purchaser option for an additional $45,000,000.
The company expects to use part of the net proceeds to repurchase shares concurrently, including shares sold short by initial investors at the closing price on the pricing date. Interest rate, conversion rate and final terms will be set at pricing; conversions may settle in cash, shares, or both.
Scorpio Tankers (NYSE:STNG) announced a strategic collaboration with AMPERA on April 2, 2026 to develop and commercialize micronuclear power solutions for marine and maritime markets.
The agreement includes Scorpio's $10 million investment, joint development of ultra-safe microreactors, plans for floating nuclear power barges in the near term, and longer‑term nuclear‑powered vessels, plus power‑as‑a‑service and leasing models.
Scorpio Tankers (NYSE:STNG) entered agreements to sell two 2015-built, scrubber-fitted MR product tankers, STI Brooklyn and STI Black Hawk, for $35.0 million per vessel. The transactions are expected to close within the second quarter of 2026, subject to customary closing conditions.
Scorpio Tankers (NYSE:STNG) reported updated Q1 and Q2 2026 average daily TCE rates and a liquidity update as of March 20, 2026. Q1 TCE examples: LR2 $51,000, MR $32,000, Handymax $34,000. Q2 TCE examples: LR2 $101,000, MR $36,500, Handymax $32,000.
Liquidity: Cash $974.0M (Mar 20), pro forma $1,101.8M; Total debt $589.1M (Mar 20); Net cash $384.9M (Mar 20), pro forma $512.8M. Company disclosed agreed vessel sales and newbuilding deliveries through 2029.
Scorpio Tankers (NYSE: STNG) announced that its Annual Report on Form 20-F for the year ended December 31, 2025 has been filed with the U.S. Securities and Exchange Commission and is available online.
Shareholders can view the report in the Investor Center under Reports & Presentations on the company website or request a free hard copy by contacting Investor Relations.