Scorpio Tankers Inc. Announces a Time Charter-Out Agreement and an Update on Daily TCE Rates

Core Viewpoint - Scorpio Tankers Inc. has announced a time charter-out agreement for one of its vessels and provided an update on its daily Time Charter Equivalent (TCE) rates, indicating a stable revenue generation outlook for the company in the third quarter of 2025 [1][2]. Time Charter-Out Agreement - The company has entered into a five-year time charter-out agreement for the LR2 product tanker, STI Orchard, at a daily rate of $28,350, starting in the third quarter of 2025 [2]. Daily TCE Rate Update - The average daily TCE revenue for the company's vessels in the third quarter of 2025 is as follows: - LR2 tankers: $32,700 with 2,456 expected revenue days, achieving 86% of days contracted - MR tankers: $23,500 with 3,707 expected revenue days, achieving 85% of days contracted - Handymax tankers: $20,500 with 1,183 expected revenue days, achieving 67% of days contracted [3]. Company Overview - Scorpio Tankers Inc. operates a fleet of 99 product tankers, including 38 LR2, 47 MR, and 14 Handymax tankers, with an average age of 9.5 years, providing marine transportation of petroleum products globally [4].