Headquartered in 99 Boulevard Du Jardin Exotique, Monaco Fiscal year ends December NYSE: STNG scorpiotankers.com
Scorpio Tankers Inc. (NYSE: STNG) provides marine transportation of refined petroleum products worldwide.
**Current fleet**
- It owns 74 product tankers: 25 LR2, 35 MR and 14 Handymax, with an average age of 10.3 years.
- Two LR2s are under contract for sale, closing in Q4 2026.
**Employment**
- Vessels are deployed mainly in the related-party Scorpio LR2, MR and Handymax pools, operated by Scorpio Commercial Management.
- Others are on fixed-rate time charters.
- One MR is on a bareboat charter supporting the U.S. Government's Tanker Security Program.
**Fleet renewal and diversification**
The company is selling older tonnage and expanding into crude carriers. It has newbuilding commitments for:
- five MRs, delivering in 2027 and 2030;
- eight LR2s, delivering in 2027 and 2029;
- four VLCCs, delivering in 2028.
**Investments**
- a minority stake in a VLCC joint venture building eight VLCCs;
- a passive approximately 3.4% stake in Volare Shipping;
- an interest in a dual fuel tanker joint venture.
**Financial position**
The company has a net cash position, with Convertible Notes due 2031 as its main debt. Updated
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Scorpio Tankers Inc. (NYSE: STNG) provides marine transportation of refined petroleum products worldwide. **Current fleet** - It owns 74 product tankers: 25 LR2, 35 MR and 14 Handymax, with an average age of 10.3 years. - Two LR2s are under contract for sale, closing in Q4 2026. **Employment** - Vessels are deployed…
24/7 Wall St.'s 12-month price target for STNG is $85.90, rated Hold. The Wall Street consensus target is $106.80. STNG price prediction →
