MONACO, Oct. 6, 2022 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. STNG (“Scorpio Tankers” or the “Company”) announced today that it has entered into three new time charter agreements.
Summary of the New Time Charters
| In total | date | ||||||
| Daily | Firmly | conditions | Estimated | ||||
| Type | expression | TC rate | revenue | I Agree | beginning | charterer | |
| LR2 – with scrubber | 3 years | $32,750 | $35.9 million | September 22nd | Nov-22 | oil major | |
| LR2 – with scrubber | 3 years | $35,000 | $38.3 million | Oct-22 | Dec-22 | Great refiner | |
| MR – no scrubber | 3 years | $25,000 | $27.4 million | Oct-22 | Nov-22 | Great refiner | |
| $101.6 million | |||||||
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a global provider of marine transportation of petroleum products. Scorpio Tankers Inc. currently owns, finances or charters 113 product tankers (39 LR2 tankers, 60 MR tankers and 14 Handymax tankers) with an average age of 6.7 years without bareboat charter. Additional information about the company is available on the company’s website www.scorpiotankers.comwhich is not part of this press release.
Forward-Looking Statements
The matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor safeguards for forward-looking statements to encourage companies to provide prospective information about their business. Forward-looking statements include statements about plans, objectives, goals, strategies, future events or performance, underlying assumptions and other statements that are not statements of historical fact. The Company wishes to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with that safe harbor legislation. The words “believe”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “aim”, “forecast”, “probably”, “may”, “will”, “would” could” and similar expressions identify forward-looking statements.
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