Scorpio Tankers Updates on Q4 2023 Daily TCE Revenues and Debt and Lease Activity
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers Inc. (NYSE:STNG) has provided an update on its fourth quarter of 2023 Daily Time Charter Equivalent (TCE) revenues and recent debt and lease activities. The company reported average daily TCE revenues for LR2, MR, and Handymax vessel classes, with LR2 earning $38,000 per day for 92% of the days and $30,750 for 100% of the days out of the pool. MR vessels earned $32,500 per day for 87% of the days and $21,800 for 100% of the days out of the pool. Handymax vessels earned $30,000 per day for 84% of the days, with no data available for time charters out of the pool.
December 13, 2023 | 11:35 am
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Scorpio Tankers Inc. reports solid TCE revenues for Q4 2023, indicating a potentially strong performance in the quarter.
The reported TCE revenues for Scorpio Tankers are indicative of a strong quarter, which is likely to be viewed positively by investors. The high utilization rates and TCE revenues for the different vessel classes suggest that the company is effectively capitalizing on its assets, which could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100