The New York-listed product tanker owner Scorpio Tankers has secured five-year charters for two of its LR2 product tankers.

The shipowner has entered into agreements to time charter-out the 2015-built LR2 product tankers, STI Rose and STI Alexis, to an undisclosed charterer.   

The term of each agreement is five-years at a rate of $29,000 per vessel per day. These time charters are expected to start in the first quarter of 2026.

Scorpio Tankers currently owns or lease finances 93 product tankers (37 LR2 tankers, 42 MR tankers and 14 handymax tankers) with an average age of 9.8 years.

The company has entered into agreements to sell three LR2 product tankers which are expected to close in the first quarter of 2026.

The tanker owner has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027, two VLCC newbuildings with deliveries expected in the second half of 2028, and two LR2 newbuildings with deliveries expected in the third quarter of 2027.