Scorpio Tankers Inc. Announces a Time Charter-Out Agreement and an Update on Daily TCE Rates

Monaco - Sep 4, 2025

Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today a time charter-out agreement and an update on daily TCE rates.

Time Charter-Out Agreement
The Company recently reached an agreement to time charter-out the 2014 built LR2 product tanker, STI Orchard. The term of this agreement is for five years at a rate of $28,350 per day commencing in the third quarter of 2025.

Daily TCE Rate Update
Below is a summary of the 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 third quarter of 2025 as of the date hereof:



(1) TCE revenue, a Non-IFRS measure, is vessel revenues less voyage expenses (including bunkers and port charges). TCE revenue is included herein because it is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance irrespective of changes in the mix of charter types (i.e., spot charters, time charters, and pool charters), and it provides useful information to investors and management.

(2) Expected Revenue Days are the total number of calendar days in the quarter for each vessel, less the total number of estimated off-hire days during the period associated with repairs or drydockings. Consequently, Expected Revenue Days represent the total number of days the vessel is expected to be available to earn revenue. Idle days, which are days when a vessel is available to earn revenue, yet is not employed, are included in revenue days. The Company uses revenue days to show changes in net vessel revenues between periods.

About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 99 product tankers (38 LR2 tankers, 47 MR tankers and 14 Handymax tankers) with an average age of 9.5 years. Additional information about the Company is available at the Company's website www.scorpiotankers.com, which is not a part of this press release.

Scorpio Tankers Inc. press release