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Scorpio Tankers Announces New Charter Agreement and TCE Rate Update

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Scorpio Tankers Announces New Charter Agreement and TCE Rate Update

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The latest update is out from Scorpio Tankers ( (STNG) ).

On September 3, 2025, Scorpio Tankers Inc. announced a new time charter-out agreement for its 2014 built LR2 product tanker, STI Orchard, at a rate of $28,350 per day for five years starting in the third quarter of 2025. The company also provided an update on its average daily Time Charter Equivalent (TCE) rates for the third quarter of 2025, highlighting its operational performance and market positioning. These developments are likely to impact the company’s revenue streams and reinforce its standing in the marine transportation industry.

The most recent analyst rating on (STNG) stock is a Buy with a $54.00 price target. To see the full list of analyst forecasts on Scorpio Tankers stock, see the STNG Stock Forecast page.

Spark’s Take on STNG Stock

According to Spark, TipRanks’ AI Analyst, STNG is a Outperform.

Scorpio Tankers receives a strong overall score driven by robust financial performance and attractive valuation. The positive earnings call further supports the outlook, despite some technical caution due to potential overbought conditions. The company’s strategic positioning and efficient operations provide a solid foundation for future growth.

To see Spark’s full report on STNG stock, click here.

More about Scorpio Tankers

Scorpio Tankers Inc. is a global provider of marine transportation for petroleum products. The company owns or lease finances 99 product tankers, including LR2, MR, and Handymax tankers, with an average age of 9.5 years.

Average Trading Volume: 1,172,545

Technical Sentiment Signal: Buy

Current Market Cap: $2.58B

Learn more about STNG stock on TipRanks’ Stock Analysis page.

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