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Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announces updates on fourth quarter of 2023 Daily TCE Revenues and recent debt and lease activity.
Fourth Quarter of 2023 Daily Time Charter Equivalent ("TCE") Revenues
Below is a summary of the estimated average daily Time Charter Equivalent ("TCE") revenue and duration of contracted voyages and time charters for the Company's vessels (both in the pools and outside of the pools) thus far in the fourth quarter of 2023 as of the date hereof:
| Pool and Spot Market | Time Charters Out of the Pool | |||||||||
| Vessel class | Average Daily TCE Revenue (1) |
Expected Revenue Days (2) |
% of Days | Average Daily TCE Revenue (1) |
Expected Revenue Days (2) |
% of Days | ||||
| LR2 | $ | 38,000 | 2,550 | 92 | % | $ | 30,750 | 910 | 100 | % |
| MR | $ | 32,500 | 4,850 | 87 | % | $ | 21,800 | 450 | 100 | % |
| Handymax | $ | 30,000 | 1,250 | 84 | % | N/A | N/A | N/A | ||
Posted In: STNG
