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Scorpio Tankers Inc. Announces a Vessel Sale Agreement

MONACO, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (鈥淪corpio Tankers,鈥� or the 鈥淐ompany鈥�) announced that the Company has entered into an agreement to sell its 2020 built scrubber-fitted MR product tanker,聽STI Maestro. The sale price is $42.0 million and the sale is expected to close within the fourth quarter of 2025.

About Scorpio Tankers Inc.

Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 99 product tankers (38 LR2 tankers, 47 MR tankers and 14 Handymax tankers) with an average age of 9.5 years. The Company has entered into an agreement to sell one of its MR tankers, which is expected to close in the fourth quarter of 2025. Additional information about the Company is available at the Company鈥檚 website www.scorpiotankers.com, which is not a part of this press release.

Forward-Looking Statements

Matters discussed in this press release may constitute forward鈥恖ooking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward鈥恖ooking statements in order to encourage companies to provide prospective information about their business. Forward鈥恖ooking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渢arget,鈥� 鈥減roject,鈥� 鈥渓ikely,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渃ould鈥� and similar expressions identify forward鈥恖ooking statements.

The forward鈥恖ooking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management鈥檚 examination of historical operating trends, data contained in the Company鈥檚 records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company鈥檚 control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward鈥恖ooking statements, whether as a result of new information, future events or otherwise.

In addition to these important factors, other important factors that, in the Company鈥檚 view, could cause actual results to differ materially from those discussed in the forward鈥恖ooking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies in response to epidemics and other public health concerns including any effect on demand for petroleum products and the transportation thereof, expansion and growth of the Company鈥檚 operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company鈥檚 operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company鈥檚 vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including the impact of the conflict in Ukraine and the developments in the Middle East, including the armed conflict between Israel and Hamas, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off鈥恏ires, and other factors. Please see the Company鈥檚 filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.

Contact Information

Scorpio Tankers Inc.
James Doyle 鈥� Head of Corporate Development & Investor Relations
Tel: +1 203-900-0559
Email: [email protected]