Scorpio Tankers advances fleet renewal with newbuilds and sales
Scorpio Tankers has committed $415.6m to four new VLCC and LR2 tankers while divesting older tonnage, continuing its fleet renewal programme.
Crude, product, chemical and gas tanker markets, fixtures, fleet and trade flows.
Scorpio Tankers has committed $415.6m to four new VLCC and LR2 tankers while divesting older tonnage, continuing its fleet renewal programme.

Capital Tankers Corp. has posted a $92.9 million net profit for the second quarter of 2026, supported by high TCE earnings and a significant expansion of its modern tanker fleet.

Geopolitical tensions and record-low Rhine water levels are disrupting global shipping, with transit volumes falling and inland barge distribution facing a near-total standstill.

Alkagesta has released its 1H 2026 Performance Update, highlighting a strategic entry into crude oil trading with two Suezmax cargoes and continued growth in its Singapore marine fuel distribution business.

Trafigura has successfully completed its first crude oil export using the newly inaugurated Derivación pipeline in Argentina, a project designed to enhance logistical capacity from the Neuquén Basin.

South Korean shipbuilder SK Oceanplant has signed a contract for six 115,000 dwt aframax tankers with a Greek owner, including options for two additional vessels.

An early start to the October loading programme gave crude tanker owners room to push rates higher on the benchmark eastbound route.

The additions bring the pool's medium-range fleet above 60 vessels amid continued demand for long-haul clean product voyages.

The two 174,000 cbm vessels are earmarked for long-term charter to a gas exporter, according to the owner.

Cross-Mediterranean rates rose as a busy fixing window met a shorter list of prompt tonnage.

The sustainability-linked facility carries margin adjustments tied to fleet carbon intensity performance.