Scorpio Tankers Expands Fleet with Newbuild Orders and JV Stake

slated for delivery between 2029 and 2030. Following these transactions, Scorpio Tankers will directly control 14 newbuild vessels, comprising six MR tankers, six LR2 tankers, and two VLCCs. The company will also gain indirect exposure to eight additional VLCCs through the joint venture. Most of the directly controlled newbuildings—12 out of 14—are being constructed in China at shipyards including Jingjiang Nanyang, YAMIC, DSIC, and Jiangsu Hantong. Concurrently, Scorpio Tankers has sold 15 older vessels for nearly $786 million, converting strong secondhand values and record earnings into capital for its next-generation fleet. The company's strategy involves selling older tonnage at high prices, spreading newbuilding payments over several years, and broadening its platform from product tankers into a diversified MR–LR2–VLCC fleet.