Scorpio Tankers Secures Five-Year Time Charters for Two LR2 Tankers at $29,000/Day Each

summarizeSummary

Scorpio Tankers Inc. has secured five-year time charter agreements for two LR2 product tankers, STI Rose and STI Alexis, at a fixed rate of $29,000 per vessel per day, providing significant long-term revenue visibility.

check_boxKey Events

• Long-Term Charter Agreements

  Scorpio Tankers entered into five-year time charter-out agreements for two 2015-built LR2 product tankers, STI Rose and STI Alexis.

• Fixed Daily Rate

  Each vessel is chartered at a fixed rate of $29,000 per day, providing a stable revenue stream.

• Revenue Visibility

  The agreements are expected to commence in the first quarter of 2026, securing approximately $21.17 million in annual revenue for the next five years.

auto_awesomeAnalysis

This filing announces a material commercial agreement for Scorpio Tankers, securing a stable and predictable revenue stream for two of its LR2 product tankers for the next five years. The fixed rate of $29,000 per vessel per day, totaling over $105 million in revenue over the contract term, is a substantial contribution to the company's financial outlook. This move enhances revenue visibility and reduces exposure to spot market volatility, which is a positive development for investors.