Scorpio Tankers announced that it has entered into an agreement to sell an MR product tanker, and has exercised the purchase options on five ships. The Company has entered into an agreement to sell the 2015 built MR product tanker, STI Tribeca, for $39.1M. The sale of this vessel is expected to close within the Q1. The Company has given notice to exercise its purchase options on one 2015 built MR product tanker and four 2014 built Handymax product tankers. The purchases, which are expected to occur in the first half of 2024, will result in a debt reduction of $61.1M for the Company.
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