Shipping & Ports

Scorpio Tankers Secures Three-Year Charters for Product Tanker Trio

Monaco-based Scorpio Tankers has fixed three product tankers on three-year contracts expected to generate over $110 million in aggregate gross revenue.

Scorpio Tankers Secures Three-Year Charters for Product Tanker Trio
Editorial illustration — not a photograph of the events described. · Global Freight in-house illustration

Monaco-headquartered shipping company Scorpio Tankers has committed three product tankers to three-year charter agreements. At the disclosed headline rates, the long-term fixtures are projected to deliver more than $110 million in total gross revenue across the fleet.

Led by Emanuele Lauro, the tanker owner concluded deals for two LR2 vessels, STI Gladiator and STI Jermyn. The ships were fixed at day rates of $40,188 and $42,500 respectively, with both contracts scheduled to commence during the month.

The multi-vessel arrangement also includes the medium range tanker STI Pontiac as part of the group entering the three-year term employment.

Source attribution

Scorpio puts three tankers on three-year charters

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