Slides
Page 1
July 30, 2026 Scorpio Tankers Inc. Second Quarter 2026 Earnings Presentation
Page 2
2 This presentation includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Pr ivate Securities Litigation Reform Act of 1995. These forward -looking statements reflect Scorpio Tankers Inc.’s (“Scorpio’s”) current views with respect to future events and financial performance. The words “believe,” “ant icipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect” and similar expressions identify forward-looking statements. The forward-looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in Scorpio’s records and other da ta available from third parties. Although Scorpio believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficul t or impossible to predict and are beyond Scorpio’s control, Scorpio cannot assure you that it will achieve or accomplish these expectations, beliefs, projections or future financial performance. Risks and uncertainties include, but are not limited to, the failure of counterparties to fully perform their contracts with Scorpio, the strength of world economies and currencies, general market conditions, including fluctuations in charter hire rates and vessel values, changes in demand in the tanker vessel markets, changes in Scorpio’s op erating expenses, including bunker prices, drydocking and insurance costs, the fuel efficiency of our vessels, the market for Scorpio's vessels, availability of financing and refinancing, charter counterparty performance, abili ty to obtain financing and comply with covenants in such financing arrangements, changes in governmental and environmental rules and regulations or actions taken by regulatory authorities including those that may limi t the commercial useful lives of tankers, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events , and other important factors described from time to time in the reports Scorpio files with, or furnishes to, the Securities and Exchange Commission, or the Commission, and the New York Stock Exchange, or NYSE. Scorpio undertakes n o obligation to update or revise any forward-looking statements. These forward-looking statements are not guarantees of Scorpio's future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. This presentation describes time charter equivalent revenue, or TCE revenue, adjusted net income, and adjusted EBITDA, which are not a measures prepared in accordance with IFRS (i.e. a "Non -IFRS" measure). These measures are presented here because we believe that they provides investors with a means of evaluating and understanding how the Company's management evaluates the Company's operating performance. These Non - IFRS measures should not be considered in isolation from, as a substitute for, or superior to financial measures prepared in accordance with IFRS. The Company believes that the presentation of TCE revenue, adjusted net income, and adjusted EBITDA is useful to investors be cause they facilitate the comparability and the evaluation of companies in the Company’s industry. In addition, the Company believes that TCE revenue is useful in evaluating its operating performance compared to th at of other companies in the Company’s industry. The Company’s definition of TCE revenue may not be the same as reported by other companies in the shipping industry or other industries. See the Company’s recently issu ed earnings press release under the section entitled “Non -IFRS Measures” for a reconciliation of these amounts. Unless otherwise indicated, information contained in this presentation concerning Scorpio’s industry and the market in which it operates, including its general expectations about its industry, market position, market opportunity and market size, is based on data from various sources including internal data and estimates as well as third par ty sources widely available to the public such as independent industry publications, government publications, reports by market research firms or other published independent sources. Internal data and estimates are based upon this information as well as information obtained from trade and business organizations and other contacts in the markets in which Scorpio operates and management’s understanding of industry conditions. This informati on, data and estimates involve a number of assumptions and limitations, are subject to risks and uncertainties, and are subject to change based on various factors, including those discussed above. You are cautioned not to give undue weight to such information, data and estimates. While Scorpio believes the market and industry information included in this presentation to be generally reliable, it has not independently verified any third -party information or verified that more recent information is not available. Disclaimer and Forward-looking Statements
Page 3
Q2 2026 Call Agenda 1. Highlights 2. Product Tanker Market 3. Financial Highlights 4. Conclusion 5. Q&A
Page 4
4 Highlights
Page 5
5 Financial Results • Adjusted EBITDA of $300.5 million (1) • Adjusted net income of $243.7 million or $5.33 basic and $4.68 diluted earnings per share (1) Quarterly Dividend • The Company declared a quarterly dividend of$0.45 per share, which will be paid in August 2026 $155 Million Share Repurchase • During the second quarter of 2026, the Company repurchased 1,994,236 shares of its common stock at an average price of $77.72 per share Highlights Convertible Bond Issuance • During the second quarter of 2026, the Company issued $605.0 million aggregate principal amount of convertible senior notes due 2031 at a yield to maturity of less than 1% Redemption of Norwegian Bond • In July, the Company redeemed its 7.5% Senior Unsecured Notes, which had an aggregate principal amount of $200 million outstanding and were originally scheduled to mature in January 2030 Repayment of Credit Facilities • During the second quarter of 2026, the Company made aggregate unscheduled debt prepayments of $389.1 million on certain of its secured credit facilities. These facilities bore interest at SOFR plus 170 to 197.5 basis points New Loan Facilities • During the second quarter of 2026, the Company executed and drew down in full its previously announced 2026 $50.0 million Credit Facility with Bank of America. The credit facility has a final maturity of seven years from the drawdown date of each vessel and bears interest at SOFR plus a margin of 1.20% per annum • In June 2026, the Company executed its $90 million Credit Facility with Standard Chartered Bank and DekaBank Deutsche Girozentrale. The credit facility has a final maturity of seven years from the delivery date of each vessel and bears interest at SOFR plus a margin of 1.20% per annum Completed the Sale of 15 Vessels • During the second quarter of 2026, the Company closed on the sales of 10 vessels, consisting of six MRs and four LR2 product tankers • In July, the Company closed on the sale of five vessels consisting of four LR2s and one MR product tanker Newbuildings • In June 2026, the Company entered into agreements to purchase two scrubber-fitted MR newbuilding product tankers for $46.33 million per vessel • In July 2026, the Company signed a Letter of Intent (“LOI”) to purchase two scrubber-fitted LR2 newbuilding product tankers for $72.8 million per vessel • In July 2026, the Company entered into an agreement to acquire a minority ownership interest in a joint venture which has entered into shipbuilding contracts to construct eight scrubber-fitted Very Large Crude Carriers (“VLCCs”) Time Charter Agreements • The Company reached agreements to time charter-out three MR product tankers, consisting of STI Notting Hill and STI Westminster, each for three years at a rate of $25,000 per day, and STI Bronx for three years at a rate of $23,900 per day， with commencement at the Company's discretion prior to year-end 2026 Quarterly TCE Rates (2) $USD per day $58,959 $49,551 $47,327 $65,000 $29,000 $20,800 LR2 MR HM Q2-26 Q3-26 as of July 28, 2026 % of Days Booked 34% 46% 38% 1) Please see the explanation of Non-IFRS Measures in the Company’s earnings release. 2) Q2-26 TCE rates includes vessels on time charter
Page 6
6 Product Tanker Market
Page 7
7 Product Tanker Earnings Reflect a Structurally Tighter Market 1) Clarksons Shipping Intelligence, July 2026 Russian Invasion of Ukraine Houthi Attacks in Red Sea COVID-19 Demand Destruction Several structural factors have supported strong product tanker rates in recent years: • Robust global demand for refined products has increased seaborne exports • Ongoing refinery dislocation has lengthened trade routes, increasing ton-mile demand • Limited newbuild deliveries, an ageing fleet and a growing number of sanctioned vessels have constrained effective supply These dynamics have been further amplified by geopolitical developments, including: • Russia’s invasion of Ukraine • Disruptions in the Red Sea resulting from Houthi attacks • Constraints on transit through the Strait of Hormuz Strait of Hormuz Closure Product Tanker Earnings (1) $USD per day Product Tanker Developments $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 Jul-19 Jul-20 Jul-21 Jul-22 Jul-23 Jul-24 Jul-25 Jul-26 Average Weighetd Clean Product Tanker Earnings Previous 20Y Average Clean Product Tanker Earnings
Page 8
8 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 Jun-22 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 Jun-23 Aug-23 Oct-23 Dec-23 Feb-24 Apr-24 Jun-24 Aug-24 Oct-24 Dec-24 Feb-25 Apr-25 Jun-25 Aug-25 Oct-25 Dec-25 Feb-26 Apr-26 Jun-26 Refined Products 24 30 22 53 47 38 0 10 20 30 40 50 60 Red Sea - East Asia MED - East Asia MEG - Europe Via Bab el-Mandeb Via Cape of Good Hope Disruptions in the Middle East Tighten Global Supply Chains Bab-El-Mandeb Refined Product Flows (1) Million barrels per dayMillion barrels per day Weekly Strait of Hormuz and Yanbu Crude and Refined Product Flows(1) Potential Longer-Haul Rerouting: Incremental Voyage Days via the COGH (1)(2) 1) Vortexa, July 2026. Refined Products include clean petroleum products and dirty petroleum products. 2) Speed of 12.5 knots. Number of days for a one-way voyage only. Ports used for voyage calculations are: Red Sea – East Asia: Yanbu – Ulsan; MED – East Asia: Skidka – Yeosu; MEG/AG – Europe: Ras Tanura - Rotterdam Number of days 19.8 18.0 4.8 4.7 5.7 6.5 8.0 7.5 7.5 6.3 7.8 5.5 5.7 5.7 6.7 8.6 7.6 14.6 16.9 13.1 12.1 7.4 0.0 3.0 6.0 9.0 12.0 15.0 18.0 21.0 Crude Oil - Via Hormuz Crude Oil - Yanbu Exports Refined Products - Via Hormuz Refined Products - Yanbu Exports
Page 9
9 80 90 100 110 120 130 140 Jan-19 May-19 Sep-19 Jan-20 May-20 Sep-20 Jan-21 May-21 Sep-21 Jan-22 May-22 Sep-22 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 May-25 Sep-25 Jan-26 May-26 MR Aframax/LR2 Longer Voyage Distances Tighten Supply & Offset Lower Exports MR & Aframax/LR2 Ton Mile Demand Since 2019(1) Index = 100, Base January 2019 Seaborne Refined Product Exports (1) Million barrels per day 1) Vortexa, July 2026 16.0 17.0 18.0 19.0 20.0 21.0 22.0 23.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Previous 5Y Range 2026 CPP Exports Previous 5Y AVG
Page 10
10 $0 $3 $6 $9 $12 $15 $18 $21 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 Oct-25 Jan-26 Apr-26 Jul-26 Million barrels per day Demand for Refined Products Has Outgrown Refining Capacity Net Refining Capacity Growth vs Change in Refined Product Demand (1) (2) Global Average Refining Margins (1) $USD per barrel 1) Energy Aspects, July 2026 2) Refined products demand includes diesel, gasoline, jet fuel and naphtha. 1.8 4.5 Net Refining Capacity Additions/(Closures) Refined Product Demand Growth 2019 - 2025
Page 11
11 28.9 29.8 29.6 30.3 29.1 28.6 29.4 30.0 27.0 27.6 28.0 27.7 27.2 27.1 27.6 27.3 7.8 7.8 8.2 8.1 8.0 7.8 8.3 8.3 10.4 10.2 10.3 10.5 10.5 9.3 9.9 10.6 74.1 75.4 76.1 76.6 75.0 72.8 75.2 76.2 0.0 30.0 60.0 90.0 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26e Q4-26e Diesel Gasoline Jet Naphtha Increasing Demand & Global Inventory Restocking to Support Tanker Rates 1) Energy Aspects, July 2026 2) IEA, Kpler, DOE, Euroilstocks, ARA PJK, PAJ, Haver, Goldman Sachs Global Investment Research, July 2026 7,600 7,700 7,800 7,900 8,000 8,100 8,200 8,300 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Global Visible Total Oil Inventories Latest LevelMillion barrels per day Global Refined Product Demand (1) Global Visible Crude & Product Inventories (1) Million barrels
Page 12
12 Rising Aframax/LR2 Crude Volumes Have Driven Rates Higher 1) Votexa, July 2026 2) Clarksons, July 2026 Aframax/LR2 crude routes: Corpus Christi – Rotterdam, Sidi Kerir-Trieste, Seria Brisbane, Hound Point- Wilhemshaven. Aframax/LR2 clean routes: ARA-Loma, Fujairah-Chiba, Sikka-Rotterdam, Ulsan-Botany Bay) $0 $25,000 $50,000 $75,000 $100,000 $125,000 Aframax/LR2 Crude Aframax/LR2 Clean Products 0.8 0.3 0.1 (0.5) 0.8 North America Latin America Africa Europe Russia Middle East Asia Other Total Aframax/LR2 Crude Volumes – June (1) Million barrels, yoy change Aframax/LR2 Crude Oil & Clean Product Rates(2) $USD per day
Page 13
13 Newbuilding Orders Have Slowed & Half the Orderbook is LR2s 1) Clarksons Shipping Intelligence, July 2026 2) Oil Brokerage, July 2026 % of total orderbook % of LR2 Fleet Trading in Crude Oil & Dirty Products (2) % of fleet Product Tanker Orderbook as % of Fleet (1) Product Tanker Orderbook By Vessel Class (1) 66% 40% 45% 50% 55% 60% 65% 70% Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 Jun-26 % Trading Crude/Dirty Petroleum Products 20.7% 0% 10% 20% 30% 40% 50% 60% 70% Jul-99 Jun-00 May-01 Apr-02 Mar-03 Feb-04 Jan-05 Dec-05 Nov-06 Oct-07 Sep-08 Aug-09 Jul-10 Jun-11 May-12 Apr-13 Mar-14 Feb-15 Jan-16 Dec-16 Nov-17 Oct-18 Sep-19 Aug-20 Jul-21 Jun-22 May-23 Apr-24 Mar-25 Feb-26 HM, 1.3% MR, 35.5% LR1, 10.6% LR2, 52.6% HM MR LR1 LR2 % of fleet
Page 14
14 17.5% 17.0% 24.6% 12.8% 8.5% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% VLCC Suez/LR3 Afra/LR2 Pana/LR1 MR/Handy Fleet Growth Likely Overstated Due to Ageing & Sanctioned Vessels 1) Clarksons Shipping Intelligence, July 2026 2) OFAC, OFSI, Council of the European Union, European Commission, Voretxa, Clarksons Shipping Intelligence, July 2026 21.7 21.6 19.3 20.3 20.9 Average Age Sanctioned fleet average age Sanctioned Tankers as a Share of the Global Fleet & Average Age (1)(2) Sanctioned fleet as % of active fleet % of fleet Product Tanker Orderbook vs % of Fleet Above 20 Years Old (1) 20.7% 4.2% 5.0% 6.6% 9.3% 13.8% 17.9% 21.2% 26.1% 31.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 2026 YTD orderbook as % of active fleet 2020 2021 2022 2023 2024 2025 2026e 2027e 2028e
Page 15
15 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Product Tanker Fleet Growth & Ton Mile Demand Product Tanker Fleet Growth (1) Fleet growth Clarksons Shipping Intelligence, July2026 1) Supply slippage on scheduled newbuilding deliveries of 20% for 2026-2028. Scenario 1 scrapping assumptions: 2026-2028 (25-year average of 1.8% of the fleet per year or average 3.8million dwt per year). Scenario 2 assumes scenario 1 assumptions and 60% of LR2 newbuilds trade in clean petroleum products. Scenario 3 assumes 60% of LR2 newbuilds trade in clean petroleum products, and a 30% tonnage reduction for all vessel at age 20, plus an additional 10% per year from age 21 to 27 due to the lower utilization. Refined Products Ton Mile Demand Billion ton miles 5.7% 4.3% 4.1% 5.3% 3.1% 2.9% 3.3% 0.3% -1.5% 2026e 2027e 2028e Scenario 1 Scenario 2 Scenario 3
Page 16
16 Financial Highlights
Page 17
17 -$3,164 -$1,958 -$1,618 -$878 -$628 -$855 -$655 $230 $377 $356 $333 $752 $1,839 $1,962 -$2,933 -$1,581 -$1,263 -$546 $124 $984 $1,307 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Jun 30, 2026 Jul 28, 2026 Gross Debt Outstanding Cash & Cash Equivalents $391.8 $300.5 $300.8 $387.5 $154.1 $243.7 $389.1 $155.0 $22.5 $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 TCE Revenue Adj. EBITDA Operating Cash Flow Net Income Gain on Asset Sales Adj. Net Income Debt Repayments Share Repurchases Dividends Financial Highlights Financial Highlights Q2-26 (1) $USD millions (2) Net Cash $USD millions 1) Please see the explanation of Non-IFRS Measures in the Company’s earnings release. 2) Operating cash flow before changes in working capital. Net Cash
Page 18
18 Balance Sheet Optimization Through Deleveraging and Margin Reductions Outstanding Indebtedness By Type $USD millions Weighted Average Margins on Secured Financings (1) Margins, % 1) Weighted average margins at fiscal year-end. The weighted average margin calculation excludes $76m of fixed-rate secured debt at FYE 2022 and $22m at FYE 2023. $2,242 $1,657 $433 $75 $19 $574 $230 $1,115 $733 $409 $50 $50 $70 $71 $71 $71 $200 $200 $278 $605 $605 $3,164 $1,958 $1,618 $878 $628 $855 $655 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Jun 30, 2026 Jul 28, 2026 Lease Financing Bank Facilities Unsecured Notes Convertible Bonds 3.5% 2.4% 2.2% 2.1% 1.9% 1.2% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 2022 2023 2024 2025 Q1-26 Recently Drawn/Announced Credit Facilities
Page 19
19 Strong Liquidity, Limited Newbuild Commitments & No Debt Maturities until 2028 Cash & Liquidity $USD millions Newbuilding Commitments (1) $USD millions Debt Repayment Schedule (2) $USD millions 1) The installment payments are estimates only and are subject to change as construction progresses. Amounts include installmentpayments under shipbuilding contracts in addition to the Company's commitment to fund its minority investment in a joint venture consisting of eight VLCCs under construction. 2) Excludes credit facilities for which the Company has received commitments but that have not yet been drawn. $9.3 $78.4 $14.2 $257.6 $264.9 $262.8 $91.0 $87.7 $14.2 $257.6 $264.9 $262.8 $91.0 $0.0 $40.0 $80.0 $120.0 $160.0 $200.0 $240.0 $280.0 Q3-26 Q4-26 2027 2028 2029 2030 Paid Remaining $2,445 $1,962 $483 $2,445 $0 $400 $800 $1,200 $1,600 $2,000 $2,400 $2,800 Cash & Cash Equivalents as of July 28, 2026 Availability Under Revolving Credit Facilities Total Cash & Liquidity Total Cash & Liquidity Cash & Cash Equivalents as of July 28, 2026 Availability Under Revolving Credit Facilities $200.0 $605.0 $8.7 $8.7 $8.7 $23.9 $200.0 $8.7 $8.7 $8.7 $628.9 $0.0 $100.0 $200.0 $300.0 $400.0 $500.0 $600.0 $700.0 Q3-26 Q4-26 2027 2028 2029 2030 2031 & thereafter Payments Made Through July 28, 2026 Convertible Bonds Vessel Financings
Page 20
20 $246 $520 $794 $1,068 $1,341 $4.9/Share $10.4/Share $15.9/Share $21.3/Share $26.8/Share $20,000 $30,000 $40,000 $50,000 $60,000 Potential Annual Cash Flow Generation (1)Company Fleet TCE Rates Significant Operating Leverage & Earnings Potential 1) Annual cash flow generation is calculated as the TCE rate × 365 days × 75 vessels, including one newbuild MR, less vessel cash breakeven. Estimated cash breakeven of $11,000 per day. The cash flow per share is based upon 50.1 million shares outstanding as of July 28, 2026. $USD millions$USD per day $0 $8,000 $16,000 $24,000 $32,000 $40,000 $48,000 $56,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1-26 Q2-26 Company Achieved TCE Rate Cash Breakeven
Page 21
21 Conclusion
Page 22
22 A Transformed Balance Sheet Built to Generate & Deliver Strong Returns Massive Deleveraging Ultra-Low Cash Break-Even $1,307M $11,000 Per Day From $2.9 billion of net debt in 2021 Reduction in leverage has lowered fleet-wide cash breakeven levels Net Cash Modern Fleet 74 Product Tankers Average age of ~10.2 years (1) and 14 newbuildings on order Shareholder Returns $0.45 Quarterly Dividend / Share Operate a high-quality fleet supported by a strong balance sheet, enabling us to generate attractive returns and return capital to shareholders across the cycle (1) (2) $155M Share Repurchase in Q2 2026 1) Excludes 14 newbuildings on order. 2) As of July 28, 2026.
Page 23
23 Chartered Out Vessels For additional terms and conditions of these time charters, including optional periods, please see the fleet list published in the Company’s Q2-26 earnings release 1) This vessel entered into a bareboat charter-out agreement at bareboat rate of $13,150 per day (which is equivalent to a time cha rter-equivalent rate of approximately $21,000 per day). The contract will remain in effect until the vessel reaches 20 years of age, which will occur in 2037, and is subject to annual renewal. Vessel Vessel Class Term Average Rate ($/day) Commencement date STI Battersea Handymax Two Years $24,000 April-25 STI Jardins MR Three Years $29,550 October-24 STI Bosphorus (1) MR Twelve Years $21,000 August-25 STI Notting Hill MR Three Years $25,000 Q3-26 STI Westminster MR Three Years $25,000 Q4-26 STI Bronx MR Three Years $23,900 Q4-26 STI Guard LR2 Five Years $28,000 July-22 STI Orchard LR2 Five Years $28,350 August-25 STI Spiga LR2 One Year $35,000 November-25 STI Gauntlet LR2 One Year $36,000 November-25 STI Grace LR2 One Year $36,000 December-25 STI Alexis LR2 Five Years $29,000 January-26 STI Rose LR2 Five Years $29,000 February-26 STI Lombard LR2 Five Years $33,000 March-26 STI Rambla LR2 Eight Years $30,500 March-26 STI Guide LR2 One Year $33,000 July-26
Page 24
24 Newbuilding Vessels For additional terms and conditions of these newbuild vessels on order, please see the fleet list published in the Company’s Q2-26 earnings release. The newbuilding vessel list excludes the Company’s minority interest in a joint venture associated with an eight-VLCC newbuilding order. 1) The Company signed a Letter of Intent (“LOI”) to purchase the vessel Vessel Vessel Class DWT Yard Expected Delivery Date Hull YZJF2024-001 MR 49,800 Jingjiang Nanyang Shipbuilding Q3 - 2026 Hull YZJF2024-002 MR 49,800 Jingjiang Nanyang Shipbuilding Q1 - 2027 Hull YZJF2024-003 MR 49,800 Jingjiang Nanyang Shipbuilding Q2 - 2027 Hull YZJF2024-004 MR 49,800 Jingjiang Nanyang Shipbuilding Q2 - 2027 Hull P110K-102 LR2 115,000 Dalian Shipbuilding Q3 - 2027 Hull P110K-103 LR2 115,000 Dalian Shipbuilding Q3 - 2027 Hull P110K-104 LR2 115,000 Dalian Shipbuilding Q3 - 2029 Hull P110K-105 LR2 115,000 Dalian Shipbuilding Q4 - 2029 Hull 5540 VLCC 300,000 Hanwha Ocean Q3 - 2028 Hull 5541 VLCC 300,000 Hanwha Ocean Q4 - 2028 Hull YZJ2026-1869 MR 50,000 Jiangsu New Yangzi Shipbuilding Q1 - 2030 Hull YZJ2026-1870 MR 50,000 Jiangsu New Yangzi Shipbuilding Q1 - 2030 TBD (1) LR2 114,000 Jiangsu Hantong Ship Heavy Industry Q2 - 2029 TBD (1) LR2 114,000 Jiangsu Hantong Ship Heavy Industry Q3 - 2029
Page 25
25 Q&A
Page 26
www.scorpiotankers.com