Product tanker operator Ardmore Shipping has reportedly secured two period charters amid persistently low spot rates.

Brokers reported the 49,500-dwt Ardmore Explorer (built 2014) was recently chartered to Gunvor subsidiary Clearlake Shipping for 11 to 14 months at $14,250 per day.

The 50,000-dwt Ardmore Seawolf (built 2015) was said to be fixed to Weco Tankers for six to nine months at $13,500 per day.