Scorpio Tankers to Sell LR2 Tanker STI Kingsway for $57.5 Million
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Scorpio Tankers ( (STNG) ) just unveiled an update.
On January 12, 2026, Scorpio Tankers Inc. announced that it had entered into an agreement to sell the STI Kingsway, a scrubber-fitted LR2 product tanker built in 2015, for $57.5 million, with the transaction expected to close in the first or second quarter of 2026. The deal is part of a broader fleet optimization strategy that includes the planned sale of four LR2 tankers and the introduction of multiple MR, LR2 and VLCC newbuildings over the next several years, signaling a continued reshaping of the company’s fleet profile and potential implications for its operational efficiency and long-term market positioning in the petroleum products shipping segment.
The most recent analyst rating on (STNG) stock is a Buy with a $75.00 price target. To see the full list of analyst forecasts on Scorpio Tankers stock, see the STNG Stock Forecast page.
Spark’s Take on STNG Stock
According to Spark, TipRanks’ AI Analyst, STNG is a Outperform.
Scorpio Tankers’ strong earnings call performance and positive technical indicators are the most significant factors driving the score. The company’s solid profitability and strategic financial management further support its position. However, challenges in revenue and cash flow growth, along with geopolitical uncertainties, present risks that temper the overall score.
To see Spark’s full report on STNG stock, click here.
More about Scorpio Tankers
Scorpio Tankers Inc., listed on the NYSE, is a global provider of marine transportation for petroleum products. The company owns or lease finances a fleet of 93 product tankers, including LR2, MR and Handymax vessels with an average age of 9.8 years, and is in the process of renewing and adjusting its fleet through planned sales of four LR2 product tankers and the addition of new MR, VLCC and LR2 newbuildings scheduled for delivery between 2026 and 2028.
Average Trading Volume: 902,522
Technical Sentiment Signal: Buy
Current Market Cap: $2.91B
See more insights into STNG stock on TipRanks’ Stock Analysis page.
