Scorpio Tankers Enters Time Charter Agreements for Three Product Tankers

MT Newswires Live09-03

Scorpio Tankers (STNG) has entered into time charter agreements for three product tankers, the company said Thursday.

The agreements cover STI Gladiator and STI Jermyn for three years at $40,188 per day and $42,500 per day, respectively, with both charters expected to begin in September, Scorpio Tankers said.

Additionally, the company chartered STI Pontiac for a term of three years at $23,900 per day, with the charter expected to commence in Q4, the company said.

The company also reported preliminary third-quarter average daily time charter equivalent rates of $64,900 for LR2 vessels, $30,000 for MR vessels and $25,500 for Handymax vessels in the pool and spot market.

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