Scorpio Bulkers

Scorpio Tankers is selling the 2019-built LR2 product tankers STI Lobelia and STI Lavender for $61.2m each; the transactions are expected to close in Q4 2025. Together with the announced sale of MR tanker STI Maestro for $42m and planned repayments, pro-forma net debt could fall from $290.8m to around $131.3m. The company also plans to exercise purchase options for three sale-and-leaseback financed vessels and reported an additional sale of DHT shares; after the transactions the fleet will total 96 product tankers with an average age of 9.5 years. » More on de.investing.com

Scorpio Tankers has agreed to sell the 2020-built, scrubber-fitted MR product tanker STI Maestro for $42.0 million, with completion expected in Q4 2025. After the sale, the company will own or lease 98 product tankers; the fleet's average age is 9.5 years. The transaction is part of its fleet-management strategy. At the same time, Scorpio Tankers reported strong Q2 results and secured a five-year time charter for the LR2 STI Orchard. Analyst reactions were positive, with several firms raising price targets and ratings. » More on de.investing.com

Scorpio Tankers has concluded a five-year time charter from Q3 2025 at $28,350 per day for the 2014-built LR2 product tanker STI Orchard. The company reports average TCE rates so far in 3Q25 of $32,700/day for LR2s, $23,500/day for MRs and $20,500/day for Handymax vessels; outside the pool LR2 daily rates are $31,500. Scorpio currently owns or finance-leases 99 product tankers (38 LR2, 47 MR, 14 Handymax) with an average age of 9.5 years. In 2Q25 the company beat analyst expectations with EPS of $1.41 (expectation $1.12) and revenue of $230.23 million (expectation $217.73 million). » More on de.investing.com