MONACO, March 25, 2026 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today an update on its first quarter and second quarter of 2026 average daily Time Charter Equivalent (“TCE”) rates, and its liquidity and outstanding debt. First and Second Quarters 2026 TCE Rate Update Below is a summary of the average daily TCE revenue and duration of contracted voyages and time charters for the Company’s vessels (both in the pools and outside of the pools) thus far ...

Company Overview - Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide, currently owning 89 product tankers, which include 33 LR2 tankers, 42 MR tankers, and 14 Handymax tankers, with an average age of 10.1 years [3] - The company has agreements to sell one LR2 product tanker and two MR product tankers, expected to close in the first or second quarter of 2026 [3] - Scorpio Tankers has also reached agreements for four MR newbuildings currently under construction, with deliveries expected in 2026 and 2027, four LR2 newbuildings with deliveries expected in 2027 and 2029, and two VLCC newbuildings with deliveries expected in the second half of 2028 [3] Financial Reporting - The company filed its Annual Report on Form 20-F for the year ended December 31, 2025, with the Securities and Exchange Commission, which can be accessed on the company's website [1] - Shareholders can request a hard copy of the Annual Report, which includes the complete 2025 audited financial statements, free of charge [2]

Group 1 - Scorpio Tankers Inc. has entered into agreements to time charter-out two LR2 product tankers, STI Rose and STI Alexis, for five years at a rate of $29,000 per vessel per day, expected to commence in Q1 2026 [1] - The company currently owns or leases 93 product tankers, including 37 LR2 tankers, with an average age of 9.8 years [2] - Scorpio Tankers has agreements to sell three LR2 product tankers, expected to close in Q1 2026, and has reached agreements for four MR newbuildings under construction with deliveries expected in 2026 and 2027 [2] Group 2 - The company has two VLCC newbuildings with deliveries expected in the second half of 2028 and two LR2 newbuildings with deliveries expected in Q3 2027 [2] - Additional information about the company can be found on its website [2]