Global intelligence for commodity, energy and shipping professionals

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.

By Global Freight Newsroom, Newsroom deskShare:LinkedInXEmail
Vector illustration of a crude oil tanker under way at sea
A crude tanker under way. 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

This report was written by the Global Freight editorial desk based on material published by Splash 247. It is an original summary and analysis, not a reproduction of the source text. Figures and claims are limited to those present in the source material.

Scorpio puts three tankers on three-year charters
Topics

Global Freight Briefing

The commodity and freight brief, twice weekly

Concise coverage of fuel oil, energy trading and shipping markets for professional readers. No promotional content.

Related coverage

Related blogs

Further reading across commodity trading, energy and oil markets, fuel oil and shipping logistics.

More from Global Freight Newsroom