Scorpio Tankers Inc. disclosed agreements to charter out three product tankers for three-year terms, with daily rates ranging from $23,900 to $42,500.
The LR2 vessels STI Gladiator and STI Jermyn were chartered at $40,188 and $42,500 per day, respectively, with expected commencement in September 2026. The MR tanker STI Pontiac was chartered at $23,900 per day, with commencement scheduled for the fourth quarter of 2026.
For the third quarter, Scorpio reported average daily Time Charter Equivalent (TCE) rates of $64,900 for LR2 vessels, covering 85% of expected revenue days. MR tankers averaged $30,000 per day for 79% of days, while Handymax vessels recorded $25,500 per day for 70% of days.
The company’s owned fleet consists of 75 product tankers, including 25 LR2, 36 MR and 14 Handymax vessels, with an average age of 10.2 years. Scorpio also has agreements for 11 newbuildings, including five MR, six LR2 and two VLCC tankers, with deliveries scheduled between 2027 and 2030.
Scorpio estimated its fully diluted weighted average shares outstanding for the three months ended September 30, 2026, at between 54.5 million and 55.5 million, including the dilutive effect of its 1.75% Convertible Senior Notes due 2031, issued in April and May 2026.
