Scorpio Tankers announced preliminary daily time charter equivalent rates for the second quarter of 2026, with LR2 tankers in the pool and spot market averaging $80,000 per day across 1,721 expected revenue days, representing 88% of total days. MR tankers in the pool and spot market averaged $53,000 per day over 3,041 expected revenue days, or 90% of total days, while Handymax vessels averaged $54,000 per day over 1,169 expected revenue days, covering 80% of total days. The company also provided time charter and bareboat charter rates for vessels operating outside the pool. 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.
Scorpio Tankers IncScorpio Tankers reported strong preliminary Q2 2026 TCE rates, with LR2 tankers averaging $80,000/day and MR tankers $53,000/day, indicating robust end-customer demand for its tanker services.