Scorpio Tankers Inc. (STNG): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da logística marítima, a Scorpio Tankers Inc. (STNG) surge como uma potência do transporte de produtos petrolíferos, navegando nos mares complexos do comércio global de energia com precisão estratégica. Esta empresa inovadora criou um modelo de negócios sofisticado que transforma desafios marítimos em soluções de logística sem costura, alavancando uma frota moderna, tecnologias de ponta e uma rede de parcerias estratégicas que abrangem o intrincado cenário de transporte internacional e transporte energético.

Scorpio Tankers Inc. (STNG) - Modelo de negócios: Parcerias -chave

Fabricantes de navios e estaleiros

A partir de 2024, Scorpio Tankers mantém parcerias estratégicas com os principais construtores de navios:

Estaleiro	Número de embarcações	Detalhes da parceria
Hyundai Heavy Industries	12 Tanks de produto LR2	Contrato de expansão da frota de longo prazo
Samsung Heavy Industries	8 navios -tanques de Handymax	Manutenção e novo acordo de construção de embarcações

Empresas internacionais de comércio de petróleo e empresas de energia

A Rede de Parceria Principais inclui:

• Grupo Vitol - Acordos de fretamento de tempo de longo prazo
• Trafigura - Contratos de transporte de mercado à vista
• Negociação de Shell - Serviços de Transporte de Produto

Provedores de seguros marítimos

Detalhes da parceria de seguro:

Provedor de seguros	Quantidade de cobertura	Categorias de risco
Skuld P&I Club	Seguro de Hull de US $ 750 milhões	Responsabilidade marinha, riscos de carga
American P&I Club	Cobertura de proteção de US $ 500 milhões	Danos ambientais, riscos de tripulação

Fornecedores de combustível e serviços de bunking

Parcerias de aquisição de combustível:

• Bunker One A/S - Fornecimento global de combustível marítimo
• Peninsula Petroleum - Contratos de combustível com baixo teor de enxofre
• Total de combustíveis marinhos - serviços mundiais de bunkering

Sociedades de classificação e parceiros de conformidade regulatória

Organização	Serviços de conformidade	Nível de certificação
Dnv gl	Inspeções técnicas de navios	Certificação avançada de segurança marítima
American Bureau of Shipping	Monitoramento da conformidade regulatória	Verificação de padrões marítimos internacionais

Scorpio Tankers Inc. (STNG) - Modelo de negócios: Atividades -chave

Serviços de transporte de petróleo de petróleo de petróleo

A partir de 2024, a Scorpio Tankers Inc. opera uma frota de 60 navios, com uma capacidade total de carga de aproximadamente 5,9 milhões de toneladas de peso morto (DWT). A composição da frota inclui:

Tipo de embarcação	Número de embarcações	Capacidade total (DWT)
Tanques de produtos	54	5,3 milhões
Vasos LR2	6	600,000

Gerenciamento de frota e logística operacional

As principais métricas operacionais incluem:

• Idade média da frota: 7,2 anos
• Taxa de utilização de embarcações: 95,6%
• Dias operacionais totais: 21.600 dias por ano

Otimização da rota marítima

Os tanques de Escorpião utilizam estratégias avançadas de otimização de rota, resultando em:

• Melhoria da eficiência de combustível: 12,5%
• Emissões de carbono reduzidas: redução de 15% em comparação com a média da indústria
• Recursos de rota e ajuste em tempo real

Carta de embarcações e operações comerciais

Métrica fretada	2024 Performance
Time equivalente a fretamento de tempo (TCE)	US $ 15.200 por dia
Receita total da fretamento	US $ 328,5 milhões
Duração média da fretamento	8,3 meses

Conformidade com os regulamentos marítimos internacionais

Investimentos e métricas de conformidade:

• Despesas anuais de conformidade regulatória: US $ 4,2 milhões
• IMO 2020 Regulamento de enxofre Conformidade: 100%
• Sistemas de gestão ambiental certificados para ISO 14001

Scorpio Tankers Inc. (STNG) - Modelo de negócios: Recursos -chave

Frota de navios-tanque moderna e com eficiência de combustível

A partir do quarto trimestre 2023, a Scorpio Tankers Inc. opera uma frota de 62 navios, compreendendo:

Tipo de embarcação	Número de embarcações	Tonelagem total de peso morto (DWT)
Tanque de produtos LR2	19	1,138,000
Tanque de produtos LR1	17	850,000
MR Tanks de produtos	26	1,300,000

Equipe de gerenciamento marítimo experiente

Principais detalhes da liderança:

• CEO: Robert Bugbee
• Anos de experiência no setor: mais de 25 anos
• Equipe de gerenciamento total Experiência marítima: mais de 100 anos cumulativos

Tecnologias avançadas de navegação e rastreamento

Investimentos de tecnologia:

• Sistemas de rastreamento GPS instalado em 100% da frota
• Capacidades de monitoramento de embarcações em tempo real
• Software avançado de otimização de consumo de combustível

Capital financeiro e linhas de crédito fortes

Recursos financeiros em 31 de dezembro de 2023:

Métrica financeira	Quantia
Liquidez total	US $ 347,2 milhões
Linhas de crédito disponíveis	US $ 525 milhões
Dívida total	US $ 1,2 bilhão

Rede marítima global e relacionamentos

Características da rede:

• Presença operacional em mais de 15 regiões marítimas internacionais
• Contratos de longo prazo com grandes empresas de comércio de petróleo
• Parcerias com 7 grandes organizações globais de remessa e negociação

Scorpio Tankers Inc. (STNG) - Modelo de negócios: proposições de valor

Transporte de produtos petrolíferos confiáveis ​​e eficientes

A partir do quarto trimestre 2023, a Scorpio Tankers Inc. opera uma frota de 62 navios, com a seguinte composição:

Tipo de embarcação	Número de embarcações	Tonelagem total de peso morto (DWT)
Tanque de produtos LR2	21	1,264,000
Tanque de produtos LR1	16	800,000
MR Tanks de produtos	25	1,375,000

Frota diversificada capaz de vários tipos de carga

A frota de Scorpio Tankers é especializada no transporte de vários tipos de produtos de petróleo:

• Gasolina
• Diesel
• Combustível de aviação
• Nafta
• Óleo combustível

Taxas de frete competitivo

Taxas médias de fretamento diário de tempo (TCE) para 2023:

Tipo de embarcação	Taxa média de TCE diária
Tanque de produtos LR2	$25,500
Tanque de produtos LR1	$22,300
MR Tanks de produtos	$20,700

Alta segurança e padrões de conformidade ambiental

Métricas de desempenho ambiental para 2023:

• Classificação de Intensidade de Carbono (CII): A
• Zero grandes incidentes ambientais
• 100% de conformidade com os padrões de emissões de camada III da IMO

Soluções de logística marítima global flexível

Cobertura operacional global a partir de 2023:

Região	Porcentagem de operações
Médio Oriente	35%
Europa	25%
Ásia	20%
Américas	20%

Scorpio Tankers Inc. (STNG) - Modelo de negócios: Relacionamentos do cliente

Acordos contratuais de longo prazo

A Scorpio Tankers Inc. mantém 28 contratos de fretamento de longo prazo a partir do quarto trimestre 2023, com uma duração média de contrato de 3,4 anos. A receita total contratada desses acordos é de aproximadamente US $ 481 milhões.

Tipo de contrato	Número de contratos	Duração média	Receita contratada total
Cartas de tempo dos petroleiros do produto	28	3,4 anos	US $ 481 milhões

Gerenciamento de conta dedicado

O Scorpio Tankers emprega 7 gerentes de contas seniores, lidando especificamente ao relacionamento com os principais relacionamentos dos clientes em segmentos de transporte marítimo.

• Equipe especializada com foco na retenção de clientes de longo prazo
• Serviço personalizado para clientes de remessa de primeira linha
• Soluções de gerenciamento de frota personalizadas

Canais de comunicação transparentes

A empresa utiliza plataformas digitais com rastreamento de embarcações em tempo real, alcançando 99,2% de tempo de atividade de comunicação em 2023.

Método de comunicação	Porcentagem de tempo de atividade	Tempo de resposta
Plataforma de rastreamento digital	99.2%	Menos de 2 horas

Compromissos de serviço baseados em desempenho

Os navios -tanques de Escorpião garantem 98,5% de confiabilidade da embarcação com cláusulas de penalidade de desempenho em contratos.

Plataformas de rastreamento e relatório digitais

Investimento em infraestrutura digital: US $ 3,2 milhões em 2023 para tecnologias avançadas de rastreamento.

• Monitoramento de localização dos navios em tempo real
• Análise abrangente de desempenho
• Sistemas de relatórios automatizados

Scorpio Tankers Inc. (STNG) - Modelo de negócios: canais

Equipe de vendas diretas

No quarto trimestre 2023, a Scorpio Tankers Inc. mantém uma equipe de vendas marítimas dedicadas de 37 profissionais. A geração anual de receita da equipe atingiu US $ 742,3 milhões por meio de interações diretas dos clientes.

Métrica da equipe de vendas	2023 dados
Total de profissionais de vendas	37
Receita direta gerada	US $ 742,3 milhões
Custo médio de aquisição de clientes	$126,500

Conferências da indústria marítima

Os tanques de Escorpião participaram de 14 conferências marítimas internacionais em 2023, com um investimento total de US $ 1,2 milhão em participação e networking da conferência.

• Conferências comparecidas: 14
• Investimento total da conferência: US $ 1,2 milhão
• Novos contratos garantidos: 6

Plataformas digitais online

As plataformas digitais da empresa geraram 42% do total de interações com os clientes em 2023, com receita on -line atingindo US $ 328,6 milhões.

Métrica da plataforma digital	2023 desempenho
Interações com o cliente online	42%
Receita online	US $ 328,6 milhões
Visitantes mensais do site	127,500

Corretores de remessa e intermediários

Em 2023, a Escorpião Tankers colaborou com 23 corretores internacionais de remessa, gerando US $ 215,4 milhões através dessas parcerias.

• Total de corretores de remessa: 23
• Receita de parceria: US $ 215,4 milhões
• Comissão média de corretor: 3,7%

Site corporativo e comunicação digital

O site corporativo da Scorpio Tankers registrou 127.500 visitantes mensais em 2023, com canais de comunicação digital impulsionando 18% do envolvimento total do cliente.

Métrica de comunicação digital	2023 dados
Visitantes mensais do site	127,500
Engajamento do cliente via canais digitais	18%
Despesas de marketing digital	US $ 1,7 milhão

Scorpio Tankers Inc. (STNG) - Modelo de negócios: segmentos de clientes

Empresas de comércio de petróleo

O Scorpio Tankers atende grandes empresas de comércio de petróleo com uma frota de 112 embarcações a partir do quarto trimestre 2023, incluindo:

Tipo de cliente	Número de contratos ativos	Contribuição anual da receita
Comerciantes globais de petróleo	37	US $ 214,6 milhões
Empresas regionais de comércio de petróleo	24	US $ 127,3 milhões

Corporações de energia

Os principais segmentos de clientes da Energy Corporation incluem:

• Total S.A.
• Shell plc
• BP plc
• ExxonMobil Corporation

Energy Corporation	Volume de contrato	Valor anual do contrato
Total S.A.	18 navios	US $ 89,4 milhões
Shell plc	15 navios	US $ 76,2 milhões

Fabricantes de produtos de petróleo

Redução do cliente para fabricantes de produtos petrolíferos:

Categoria de fabricante	Número de clientes	Receita anual total
Grandes refinarias	22	US $ 176,5 milhões
Refinarias de tamanho médio	16	US $ 98,3 milhões

Empresas de transporte internacional

Segmentos de clientes internacionais da empresa de transporte:

• Linha Maersk
• Companhia de transporte Mediterrâneo
• Grupo CMA CGM

Empresa de transporte	Navios fretados	Receita anual de fretamento
Linha Maersk	8 navios	US $ 42,7 milhões
Companhia de transporte Mediterrâneo	6 navios	US $ 33,5 milhões

Transportadores químicos industriais

Cliente de Transportador Químico Industrial profile:

Tipo de transportador químico	Número de clientes	Receita anual
Grandes corporações químicas	14	US $ 87,6 milhões
Empresas químicas especiais	9	US $ 45,2 milhões

Scorpio Tankers Inc. (STNG) - Modelo de negócios: estrutura de custos

Aquisição e manutenção de embarcações

A partir de 2023, a Scorpio Tankers Inc. possuía e operou 58 petroleiros. O custo médio de aquisição para um petroleiro de médio alcance varia entre US $ 30 milhões e US $ 45 milhões.

Tipo de embarcação	Número de embarcações	Custo estimado de manutenção por embarcação
Tanks de média alcance (MR)	58	US $ 1,2 milhão - US $ 1,8 milhão anualmente

Salários e treinamento da tripulação

Despesas anuais relacionadas à tripulação para navios-tanque de Escorpião:

• Salário médio mensal por marítimo: US $ 4.500 - US $ 6.500
• Salários anuais totais da tripulação: aproximadamente US $ 25 milhões - US $ 35 milhões
• Custos de treinamento e certificação: US $ 500.000 - US $ 750.000 anualmente

Despesas operacionais e de combustível

Categoria de despesa	Custo anual
Custos de combustível de bunker	US $ 40 milhões - US $ 55 milhões
Cobranças portuárias	US $ 8 milhões - US $ 12 milhões
Logística operacional	US $ 5 milhões - US $ 7 milhões

Seguro e conformidade regulatória

Repartição do seguro:

• Seguro de Hull e Máquinas: US $ 3 milhões - US $ 4,5 milhões anualmente
• Seguro de proteção e indenização (P&I): US $ 2,5 milhões - US $ 3,5 milhões
• Custos de conformidade regulatória: US $ 1,5 milhão - US $ 2,5 milhões

Investimentos de tecnologia e infraestrutura

Categoria de investimento em tecnologia	Despesas anuais
Sistemas de navegação	US $ 750.000 - US $ 1,2 milhão
Segurança cibernética	$500,000 - $850,000
Software de gerenciamento de frota	$350,000 - $600,000

Scorpio Tankers Inc. (STNG) - Modelo de negócios: fluxos de receita

Contratos de charter de tempo

A partir do terceiro trimestre de 2023, os navios -tanques da Escorpião reportaram receitas de charter de tempo de US $ 167,7 milhões. A taxa média de equivalente à Carta de Tempo Diário (TCE) para a frota foi de US $ 21.700 por dia.

Tipo de fretamento	Receita (Q3 2023)	Taxa média diária
Cartas de tempo dos petroleiros do produto	US $ 112,3 milhões	US $ 19.500/dia
Cartas-tanque de longo alcance (LR)	US $ 55,4 milhões	US $ 25.200/dia

Receitas de fretamento de viagem

As receitas de fretamento de viagem para os navios -tanque de Escorpião no terceiro trimestre de 2023 totalizaram US $ 43,2 milhões, com uma parcela significativa derivada das operações do mercado à vista.

• Receitas totais de viagem: US $ 43,2 milhões
• Contribuição do mercado à vista: aproximadamente 65% das receitas de viagem
• Duração média da viagem: 35-40 dias

Taxas de transporte de carga

As taxas de transporte de carga para a empresa atingiram US $ 78,5 milhões no terceiro trimestre de 2023, com uma distribuição geográfica diversificada.

Região	Receita de frete	Porcentagem de total
Médio Oriente	US $ 32,6 milhões	41.5%
Europa	US $ 22,7 milhões	28.9%
Ásia-Pacífico	US $ 23,2 milhões	29.6%

Renda de leasing de frota

A receita de leasing de frota para navios -tanque de Escorpião em 2023 totalizou US $ 56,4 milhões, com uma frota de 58 navios disponíveis para leasing.

• Renda total de leasing: US $ 56,4 milhões
• Número de navios arrendados: 28 navios
• Taxa média diária de leasing: US $ 14.500 por embarcação

Cobranças de serviço de logística marítima

O Serviço de Logística Marítima cobrou US $ 22,8 milhões em receita durante o terceiro trimestre de 2023.

Tipo de serviço	Receita	Porcentagem de total
Serviços de bunking	US $ 12,5 milhões	54.8%
Coordenação de logística	US $ 6,3 milhões	27.6%
Serviços marítimos adicionais	US $ 4,0 milhões	17.6%

Scorpio Tankers Inc. (STNG) - Canvas Business Model: Value Propositions

Scorpio Tankers Inc. provides the marine transportation of refined petroleum products globally. This service is critical as product tankers have coated tanks, typically epoxy, which allows for easy cleaning and prevents cargo contamination and hull corrosion, meeting the strict requirements of a blue-chip customer base for transporting chemicals, FOSFA cargoes (vegetable oils and chemicals), and refined products.

The company offers scale as the world's largest product tanker owner. As of August 28, 2025, Scorpio Tankers Inc. owned or lease financed 99 product tankers. This scale is paired with a relatively modern fleet, showing a weighted average age of 9.4 years as of that date.

A key value is the significant operating leverage embedded in the business structure. Here's the quick math: a $10,000 per day increase in average daily freight rates could generate approximately $361 million of incremental annualized cash flow, based on internal estimates from early 2025. This leverage allows the company to capitalize strongly when market rates rise.

Scorpio Tankers Inc. maintains a flexible chartering strategy, blending long-term stability with spot market upside to manage market cycles. The company's daily cash break-even rate was reported as manageable at $12,500 per day through the end of 2025.

The value proposition is demonstrated through concrete charter examples and rate achievements in 2025:

• Secured a five-year time charter for an LR2 product tanker at $28,350 per day, commencing in the third quarter of 2025.
• In Q3 2025, LR2 vessels achieved an average of $32,700 per day in the pool/spot market.
• A bareboat charter-out agreement for an MR product tanker was set at $13,150 per day, equivalent to a TCE rate of $21,000 per day.

The fleet composition as of late 2025 underpins this offering:

Vessel Class	Number of Vessels (as of Aug 2025)	Q1 2025 Avg. Daily TCE (Pool/Spot)	Q1 2025 Avg. Daily TCE (Time Charter)
LR2	38	$30,137	$31,059
MR	47	$20,529	$23,011
Handymax	14	$18,240	N/A

Financial performance in the third quarter of 2025 reflects the value generated, with a GAAP profit of $1.73 per share and Adjusted EBITDA of $148.1 million. The operating margin for Q3 2025 was 34.2%, and the free cash flow margin stood at 47.8%. The company maintains a strong balance sheet footing, evidenced by a debt-to-equity ratio of 0.25. Furthermore, the book value per share (BVPS) was noted around $57.41.

The company's ability to secure long-term, high-margin contracts, such as the one for the LR2 tanker STI Orchard at $28,350 per day for five years, provides predictable revenue streams, which is a distinct value proposition in a cyclical industry.

Scorpio Tankers Inc. (STNG) - Canvas Business Model: Customer Relationships

You're looking at how Scorpio Tankers Inc. manages its relationships with the companies that hire its fleet. It's a mix of locking in stable income and playing the spot market, which is typical for a top-tier operator in this sector.

Direct, long-term relationships with blue-chip oil majors and traders

Scorpio Tankers Inc. cultivates direct relationships, often with what they term a diversified blue-chip customer base. These relationships manifest as multi-year charter agreements that provide revenue visibility, which is crucial for managing debt service and capital expenditures. For instance, in Q3 2025, the company secured a five-year time charter-out agreement for the LR2 product tanker STI Orchard at a rate of $28,350 per day, commencing in the third quarter of 2025. This locks in revenue stability through 2030, even though the rate was slightly below the Q3 2025 LR2 pool/spot rate of $32,700 per day. Also, since January 1, 2025, charterers for three LR2 vessels (STI Gratitude, STI Gladiator, and STI Guide) exercised options to extend their charters for an additional year each at $31,000 per day, starting in May, July, and July 2025, respectively. On the Handymax side, a two-year time charter-out agreement was set in April 2025 for STI Battersea at $24,000 per day.

The company also uses bareboat charters, which shift operating responsibilities to the customer. A notable example is the bareboat charter-out of the MR product tanker STI Bosphorus in July 2025 at a bareboat rate of $13,150 per day, equivalent to a Time Charter Equivalent (TCE) rate of approximately $21,000 per day. This contract is structured to remain in effect until the vessel reaches 20 years of age in 2037, subject to annual renewal under the National Defense Authorization Act.

Here's a snapshot of some of these secured long-term contracts as of late 2025:

Vessel Class	Vessel Name	Charter Type	Term (Years)	Daily Rate (USD)	Commencement Period
LR2	STI Orchard	Time Charter-Out	5	28,350	Q3 2025
LR2	STI Gratitude, Gladiator, Guide (Each)	Time Charter Extension	1 (Additional)	31,000	May/July 2025
Handymax	STI Battersea	Time Charter-Out	2	24,000	April 2025
MR	STI Bosphorus	Bareboat Charter-Out	Up to 17 (Until 2037)	13,150 (Bareboat)	August 2025

Transactional relationships through commercial pool participation

A significant portion of the fleet engages in transactional relationships by participating in commercial pools, which are operated by entities affiliated with Scorpio Tankers Inc.. These pools function as an integrated transportation system, designed to enhance vessel utilization and secure backhaul voyages or Contracts of Affreightment (COAs) primarily in the spot market. As of March 20, 2025, 83 of the vessels in the Operating Fleet were in one of the Scorpio Pools. The fleet size as of August 28, 2025, stood at 99 product tankers (38 LR2, 47 MR, and 14 Handymax).

The transactional nature is evident in the Q3 2025 spot/pool market Time Charter Equivalent (TCE) rates reported:

• LR2 vessels: $32,700 per day.
• MR vessels: $23,500 per day.
• Handymax vessels: $20,500 per day.

For context on overall performance, the average daily TCE revenue for the entire fleet during the second quarter of 2025 was $25,569 per vessel.

Dedicated commercial and operations teams for charter negotiation

Securing these varied charter types-from long-term fixed contracts to spot market pool placements-requires specialized teams. The pool structure itself relies on experienced commercial managers who negotiate charters. The company's ability to execute a five-year charter at $28,350 per day while simultaneously managing the logistics for the pool vessels demonstrates this dedicated capability. The fleet optimization strategy in 2025, which included asset sales and reacquiring vessels from sale-and-leaseback arrangements, also required intensive commercial negotiation.

High service quality and on-time delivery for sensitive cargo

The structure of the commercial pools is explicitly designed to offer customers a higher level of service while achieving scheduling efficiencies. This focus on service quality is necessary to maintain relationships with blue-chip customers. The operational readiness supports this, as evidenced by the high expected utilization rates for Q3 2025 pool/spot days: 86% for LR2s and 85% for MRs. You need reliable operations to keep those utilization figures up. The company's relatively young fleet, with an average age of 9.1 years as of mid-2025, compared to a relatively old global tanker fleet, is a key enabler of this service quality and reliability.

Finance: draft 13-week cash view by Friday.

Scorpio Tankers Inc. (STNG) - Canvas Business Model: Channels

You're looking at how Scorpio Tankers Inc. gets its product to market and communicates with the financial world as of late 2025. It's a mix of direct deals and using established market mechanisms. Defintely, the channel choice heavily influences their revenue profile.

Direct time charter contracts with end-users

Scorpio Tankers Inc. secures stability by locking in specific vessels for set periods directly with charterers. This is a key way to ensure predictable cash flow, even when the spot market is choppy. For example, in the third quarter of 2025, the company finalized a five-year time charter agreement for the LR2 product tanker STI Orchard at a rate of $\mathbf{\$28,350}$ per day, which began in the third quarter of 2025.

The company also uses longer-term arrangements like bareboat charter-outs for fleet management. In July 2025, an agreement was executed for the MR product tanker STI Bosphorus on a bareboat charter-out basis at $\mathbf{\$13,150}$ per day, which translates to a Time Charter Equivalent (TCE) rate of $\mathbf{\$21,000}$ per day, extending until 2037.

The reported average daily TCE rates for vessels outside the pools under time charters in Q3 2025 show this channel's value:

Vessel Class	Average Daily TCE Revenue	Expected Revenue Days	% of Days
LR2	$\mathbf{\$31,500}$	914	$\mathbf{100}$%
MR	$\mathbf{\$22,500}$	454	$\mathbf{85}$%
Handymax	$\mathbf{\$23,000}$	N/A	$\mathbf{100}$%

Scorpio Pools (affiliated spot market-oriented pools)

The pools are the primary channel for accessing the volatile, but potentially higher-yielding, spot market. This allows Scorpio Tankers Inc. to benefit from favorable market spikes across a larger, managed fleet. As of the date of the Q3 2025 update, the pool and spot market performance was:

Vessel Class	Average Daily TCE Revenue	Expected Revenue Days	% of Days
LR2	$\mathbf{\$32,700}$	2,456	$\mathbf{86}$%
MR	$\mathbf{\$23,500}$	3,707	$\mathbf{85}$%
Handymax	$\mathbf{\$20,500}$	1,183	$\mathbf{67}$%

The fleet size as of late 2025 was $\mathbf{99}$ product tankers, comprising $\mathbf{38}$ LR2 tankers, $\mathbf{47}$ MR tankers, and $\mathbf{14}$ Handymax tankers, with an average age of $\mathbf{9.5}$ years.

Shipbrokers and chartering agents for market access

Shipbrokers and chartering agents act as intermediaries to connect the vessels with the end-users for both spot and time charter business, especially for the pool operations. While specific commission percentages aren't public for every transaction, the sheer volume of spot market activity channeled through the pools implies heavy reliance on these external market access points.

• Shipbrokers facilitate the negotiation of the $\mathbf{\$28,350}$ per day rate on the STI Orchard five-year charter.
• Agents are essential for managing the $\mathbf{2,456}$ expected revenue days for LR2 vessels in the spot pool during Q3 2025.
• The company's overall operational structure depends on these external networks to place its $\mathbf{99}$ vessel fleet effectively.

Company website and investor relations for financial stakeholders

The company uses its Investor Center to communicate financial performance and strategy to shareholders and potential investors. This channel is crucial for maintaining market confidence and access to capital, such as the $\mathbf{\$500.0\ Million}$ revolving loan facility executed in February 2025.

• The Third Quarter $\mathbf{2025}$ results were planned for release on $\mathbf{October\ 30,\ 2025}$.
• Unrestricted cash and cash equivalents stood at $\mathbf{\$472.7\ million}$ as of $\mathbf{July\ 28,\ 2025}$.
• The Board declared a quarterly cash dividend of $\mathbf{\$0.40}$ per common share on $\mathbf{April\ 30,\ 2025}$.
• The dedicated email contact for financial stakeholders is $\mathbf{investor.relations@scorpiotankers.com}$.

Scorpio Tankers Inc. (STNG) - Canvas Business Model: Customer Segments

Scorpio Tankers Inc. serves a diversified blue chip customer base, providing the marine transportation of refined petroleum products like gasoline, diesel, jet fuel, and naphtha worldwide. The core of the customer interaction is the deployment of its fleet, which as of August 28, 2025, consisted of 99 product tankers.

Global oil majors and national oil companies often form the bedrock of long-term revenue stability for Scorpio Tankers Inc. You see this in their strategy to secure multi-year contracts. For instance, the company recently secured a five-year time charter-out agreement for the LR2 product tanker STI Orchard at a rate of $28,350 per day, commencing in the third quarter of 2025. These types of fixed-rate contracts provide predictable cash flow, which is crucial when the company's trailing twelve-month revenue was reported at $890M as of September 30, 2025.

Independent commodity traders and refiners are typically served through the company's participation in spot market-oriented pools, known as Scorpio Pools, alongside direct spot market voyages. This allows Scorpio Tankers Inc. to capture upside from strong market demand. The average daily Time Charter Equivalent (TCE) revenue for the third quarter of 2025 reflected this exposure, with LR2 vessels averaging $32,700 per day in the pool/spot market. This contrasts with the more stable, but sometimes lower, contracted rates seen in long-term agreements.

Government agencies and strategic reserve operators represent a niche but important segment, often requiring specific vessel guarantees or participation in security programs. A clear example of this is the MR product tanker STI Bosphorus, which was executed under a bareboat charter-out agreement at a rate of $13,150 per day, equivalent to a Time Charter Equivalent (TCE) rate of approximately $21,000 per day, with the vessel set to participate in the U.S. Government's Tanker Security Program (TSP). This agreement extends until 2037, showing a commitment to long-term, specialized governmental needs.

Companies requiring seaborne transport of refined petroleum products are the broad category encompassing all the above, as Scorpio Tankers Inc. specializes in these clean products. The operational scale supporting this segment is defined by the fleet's composition and age profile. As of late 2025, the fleet is relatively modern, with an average age of approximately 9.5 years, and it is fully delivered, meaning there are $0 newbuild capital expenditures expected going forward. This modern, eco-friendly fleet is a key selling point to customers concerned with efficiency and environmental compliance.

Here's a quick look at the fleet deployment metrics that directly impact the service capacity offered to these customer segments:

Vessel Class	Fleet Size (Units)	Average Daily TCE Rate (Q3 2025 Est.)	Example Contract Rate / Term
LR2	38	$32,700	$28,350 per day / Five Years (STI Orchard)
MR	47	$23,500	$21,000 per day TCE (STI Bosphorus)
Handymax	14	$20,500	$24,000 per day (Q1 2025 Charter)

The ability to generate significant cash flow from operations is a testament to the value proposition for these customers. For example, a $10,000 per day increase in average daily freight rates translates to approximately $361 million of incremental annualized cash flow for Scorpio Tankers Inc.

The operational capacity and financial health underpinning customer service include several key figures:

• Total product tankers owned or lease financed: 99.
• Average fleet age as of late 2025: Approximately 9.5 years.
• Net debt as of October 2025: Under $1 billion, down from over $3 billion.
• Daily cash break-even rate: $12,500 per day, expected to reduce to $11,000 per day after Q4 2025 prepayments.
• Reported basic EPS (TTM) as of October 29, 2025: $7.64.

The company's focus on maintaining a low break-even rate helps ensure they can service contracts even in softer market conditions, which is a key assurance for any counterparty. Finance: draft 13-week cash view by Friday.

Scorpio Tankers Inc. (STNG) - Canvas Business Model: Cost Structure

You're looking at the core expenses that keep Scorpio Tankers Inc.'s fleet moving and the lights on. For a capital-intensive business like this, the cost structure is dominated by vessel-related outlays, but debt servicing and overhead are still significant factors you need to track.

The most direct, recurring operational costs are the Vessel operating expenses (OPEX). For the three months ended June 30, 2025, Scorpio Tankers Inc. reported these costs totaled $68.7 million. That's down from $79.3 million in the same period last year, partly because the average number of owned vessels decreased to 99. Also, the average daily OPEX improved to $7,630 per vessel for Q2 2025, down from $8,017 per vessel in Q2 2024, driven by lower costs for repairs, maintenance, spares, and stores.

Next up, you have the costs that swing with the market: Voyage expenses. These are things like bunkers (fuel) and port charges. Since Scorpio Tankers Inc. is heavily involved in the spot market through its pools, these expenses are variable and directly tied to how much and where the vessels are trading. If charter rates are high, you're likely paying more for bunkers and port calls to service those high-demand routes.

Financing costs are a major component, especially given the asset base. The Interest expense on debt for the six months ended June 30, 2025, was reported as $29.379 million. This reflects the company's deleveraging efforts, as average indebtedness was $947 million for Q2 2025, down from $1.3 billion in Q2 2024. They also secured some stability by issuing new unsecured bonds in January 2025 with a fixed coupon rate of 7.50% per annum.

Then there are the scheduled, lumpy costs for asset upkeep. For Drydocking and maintenance costs, the actual spend for the third quarter of 2025 (Q3 2025) was $16.8 million. This is the actual cost incurred, which you asked about as an estimate of $19.1 million for Q3 2025. For context, the estimate for Q4 2025 drydock costs was $14.7 million.

Finally, you have the overhead, the General and administrative expenses (G&A). For the three months ended June 30, 2025, G&A was $29.6 million, which was a decrease from $37.1 million in the prior year's second quarter, mainly due to lower compensation costs. For the first quarter of 2025, G&A was $28.5 million.

Here's a quick look at some of the key recurring and recent costs you need to factor into the cost structure for Scorpio Tankers Inc.:

Cost Category	Period	Amount (USD)	Notes
Vessel Operating Expenses (OPEX)	Q2 2025	$68.7 million	Total for the quarter.
Vessel Operating Expenses (OPEX)	H1 2025	$139.3 million	Total for the first six months.
Interest Expense on Debt	H1 2025	$29.379 million	Interest paid for the first six months.
General and Administrative Expenses (G&A)	Q2 2025	$29.6 million	Total for the quarter.
Drydock Costs	Q3 2025	$16.8 million	Actual aggregate cost incurred.
Drydock Costs	Q4 2025	$14.7 million	Estimated aggregate cost.

Voyage expenses are the wild card here, honestly. They are almost entirely dependent on the spot market's health and fuel prices, so they don't have a fixed number like the G&A or the scheduled interest payments.

You should also keep an eye on the average daily operating cost per vessel, which was $7,630 in Q2 2025, showing good cost control compared to the prior year's $8,017.

• Average Daily OPEX (Q2 2025): $7,630 per vessel.
• Average Daily OPEX (Q2 2024): $8,017 per vessel.
• Average Indebtedness (Q2 2025): $947 million.
• New Unsecured Bonds Coupon Rate: 7.50% per annum.

Finance: draft 13-week cash view by Friday.

Scorpio Tankers Inc. (STNG) - Canvas Business Model: Revenue Streams

The primary engine for Scorpio Tankers Inc. revenue is the chartering of its product tanker fleet, which as of late 2025 consists of 99 product tankers, including 38 LR2 tankers, 47 MR tankers, and 14 Handymax tankers.

Time Charter Equivalent (TCE) revenue, a key industry metric, stood at $222.8 million for the three months ended June 30, 2025. This figure reflects vessel revenues less voyage expenses, such as bunkers and port charges. For the first quarter of 2025, the TCE revenue was reported at $204.2 million. The trailing twelve months (TTM) revenue for 2025 was reported as $0.88 Billion USD.

The overall average daily TCE revenue for the second quarter of 2025 was $25,569 per vessel, based on an average fleet size of 99.0 vessels for that period.

Revenue streams are segmented based on how the vessels are employed:

• Revenue from spot market voyages via commercial pools
• Charter hire payments from time charter contracts

The average daily TCE rates for Q2 2025 illustrate the performance across these segments by vessel class:

Vessel Class	Pool / Spot Average Daily TCE ($)	Time Charters Average Daily TCE ($)
LR2	33,185	31,541
MR	20,421	23,131
Handymax	22,698	22,872

This table shows the specific daily earnings Scorpio Tankers Inc. commanded for each vessel type depending on the charter arrangement during Q2 2025.

Potential gains from vessel sales as part of fleet renewal are a defintely factor in the overall financial picture, even if not recurring revenue. In September 2025, Scorpio Tankers Inc. announced an agreement to sell its 2020 built scrubber-fitted MR product tanker, STI Maestro, for a sale price of $42.0 million, with closing expected in the fourth quarter of 2025. Furthermore, in November 2025, the Company announced agreements to sell four of its 2014 built scrubber-fitted MR product tankers for $32.0 million per vessel, though these sales were expected to close in the first quarter of 2026.

The company also declared a quarterly cash dividend of $0.40 per share based on the Q2 2025 results.