Scorpio Tankers Inc. has shared updates on its fourth quarter of 2023 Daily Time Charter Equivalent (TCE) Revenues and recent debt and lease activities. In Q4 2023, the company provided a summary of the estimated average daily TCE revenue and the duration of contracted voyages and time charters for its vessels. Additionally, Scorpio Tankers committed to repaying debt or lease financing obligations on 13 vessels. This includes MR product tankers and Handymax product tankers, with purchases expected in December 2023, January 2024, and March 2024. The total aggregate amount for these repayments is $137.4 million. Emanuele Lauro, Chairman and CEO, noted the strength of the product tanker market, particularly in MR rates, and emphasized the company's commitment to improving its balance sheet by lowering leverage and borrowing costs. The outstanding debt summary indicates the company's ongoing efforts to manage its financial obligations effectively. As of now, $288.2 million is available under the revolving portion of the 2023 $1.0 Billion Credit Facility.**

SOURCE:GOOGLE