Cido Shipping has fixed out a handysize product tanker for a year to Clearlake, the shipping division of Swiss trader Gunvor.
The rate for the Hong Kong-headquartered shipowner's 36,000-dwt Atlantic Sirius (built 2010) is believed to be $10,500 per day.
That would mark the eight-month low in the time charter market for handysize tankers.
One-year rates hit $10,750 per day in September last year, according to Clarksons.
