Scorpio Tankers IncImpact on stocks 1
Scorpio Tankers IncScorpio Tankers Inc. announced preliminary daily Time Charter Equivalent rates for the second quarter of 2026, with LR2 pool and spot market vessels averaging $80,000 per day. MR tankers in the pool and spot market averaged $53,000 per day, while Handymax vessels averaged $54,000 per day. The company also reported that time charters out of the pool earned $30,300 per day for LR2s, $26,500 for MRs, and $23,000 for Handymaxes, with one bareboat charter for an MR vessel bringing in $12,986 per day. Scorpio Tankers estimates its fully diluted weighted average shares outstanding for the three months ended June 30, 2026 will be between 53 million and 54 million shares, reflecting the dilutive impact of its 1.75% Convertible Senior Notes due 2031 issued in April and May 2026. The company currently owns 81 product tankers and has agreements to sell one MR and six LR2 tankers, while also having newbuilding orders for six MRs, four LR2s, and two VLCCs.
Scorpio Tankers Inc