Scorpio currently operates a fleet of 91 product tankers; in addition to the four LR2s on order in Dalian, its order book includes four MR product tankers scheduled for delivery in 2026 and 2027

MONACO(GLOBE NEWSWIRE) - Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) announced it has exercised options to purchase two new LR2 scrubber-equipped product tankers to be built at Dalian Shipbuilding in China for $68.5 million per vessel, with deliveries scheduled for the third and fourth quarters of 2029. This decision by the Monegasque shipping company led by Emanuele Lauro doubles the Scorpio order at the shipyard, bringing it to four ships, and increasing the company's overall order book for newbuildings to 10 vessels.

The latest order is part of the fleet renewal program announced in December, when Scorpio announced it had also sold two LR2 product tankers for $52.3 million each and at the same time ordered the first two new LR2 tankers equipped with scrubbers from Dalian for $70.8 million each (delivery scheduled for the third quarter of 2027)

Scorpio currently operates a fleet of 91 product tankers;

Scorpio currently operates a fleet of 91 product tankers; in addition to the four LR2s on order in Dalian, its order book includes four MR product tankers scheduled for delivery in 2026 and 2027, as well as two VLCCs scheduled for delivery in the second half of 2028

On the other hand Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) reported its results for the three months ended December 31, 2025. The Company also announced that its board of directors (the “Board of Directors”) has declared a quarterly cash dividend on its common shares of $0.45 per share.

Summary of Fourth Quarter 2025 and Other Recent Significant Events

Below is a summary of the average daily Time Charter Equivalent (“TCE”) revenue (see Non-IFRS Measures section below) and duration of contracted voyages and time charters for the Company’s vessels (both in the pools and outside of the pools) thus far in the first quarter of 2026 as of the date hereof (See footnotes to “Other operating data” table below for the definition of daily TCE revenue):

) Expected Revenue Days are the total number of calendar days in the quarter for each vessel, less the total number of estimated off-hire days during the period associated with repairs or drydockings. Consequently, Expected Revenue Days represent the total number of days the vessel is expected to be available to earn revenue. Idle days, which are days when a vessel is available to earn revenue, yet is not employed, are included in revenue days. The Company uses revenue days to show changes in net vessel revenues between periods.

Below is a summary of the average daily TCE revenue earned by the Company’s vessels during 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 92 product tankers (36 LR2 tankers, 42 MR tankers and 14 Handymax tankers) with an average age of 9.9 years. The Company has entered into agreements to sell three LR2 product tankers which are expected to close in the first quarter or second quarter of 2026. The Company has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027, two LR2 newbuildings with deliveries expected in the third quarter of 2027 and two VLCC newbuildings with deliveries expected in the second half of 2028. Additional information about the Company is available at the Company’s website www.scorpiotankers.com, which is not a part of this press release.

Related :Scorpio Tankers sells two 2016 LR tankers and buys two newbuildings

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