The New York-listed product tanker owner Scorpio Tankers has entered into an agreement to sell the 2015-built scrubber-fitted LR2 product tanker, STI Kingsway.

The shipowner said the selling price is $57.5m, and the transaction is expected to be closed within the first or second quarter of 2026.

Scorpio Tankers currently owns or lease finances 93 product tankers (37 LR2 tankers, 42 MR tankers and 14 handymax tankers) with an average age of 9.8 years.

The company has entered into agreements to sell four LR2 product tankers (including the STI Kingsway vessel) which are expected to close in the first or second quarter of 2026.

The shipowner has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027, two VLCC newbuildings with deliveries expected in the second half of 2028, and two LR2 newbuildings with deliveries expected in the third quarter of 2027.