STNG activity - Apr 2023

Scorpio Tankers (STNG) announced plans to exercise purchase options for 6 vessels at $147.3M, plus a share buyback.
The vessels are an LR2 and 5 MR2 vessels. Working some combination, one could go $37.3M for LR2 and $22M per MR2. Could likely turn around & sell them for 40-50% gains in the secondary market

Scorpio Tankers Inc. Announces the Exercise of Purchase Options on Six Ships and Repurchases of Its Common Shares (


BTW, I don’t think STNG will sell the vessels. My statement was more an indicator of tanker owner advantage in the current environment.