Scorpio Tankers Inc. (NYSE:STNG) has been downgraded by Bank of America to Underperform from Buy, with a $53 price target. The firm cited increased time-charter agreements and potential market shifts due to a Russia-Ukraine peace agreement. Earnings are expected to be at peak levels, with potential lower freight rates ahead.

Scorpio Tankers Inc. (NYSE:STNG) provided an update on its liquidity, debt position, and newbuilding commitments, stating it had $783.9 million available under its revolving credit facilities as of January 9, 2026. The company has been active in selling vessels and shares in DHT Holdings.

Scorpio Tankers Inc. (NYSE:STNG) is a global shipping company focused on transporting refined petroleum products, owning or leasing 93 product tankers. The company has a fleet that includes LR2 vessels, MR tankers, and Handymax tankers, with an average fleet age of 9.8 years.

Read more at Yahoo Finance: Bank of America Downgrades Scorpio Tankers (STNG) as Freight Rates Near Peak Levels