Scorpio Tankers shares rise 1.11% after-hours after announcing a time charter-out agreement for the STI Orchard.

Scorpio Tankers Inc. rose 1.11% in after-hours trading, with the company announcing a time charter-out agreement for the LR2 product tanker, STI Orchard, at a rate of $28,350 per day for five years. The agreement is expected to commence in the third quarter of 2025. Additionally, the company provided an update on daily TCE rates, which may have contributed to the positive market sentiment.