Recent period fixtures of product tankers with a more complex pricing structure suggest earnings of MR vessels are bottoming out, according to market participants.
Latsco Shipping fixed the 50,000-dwt Hellas Aphrodite (built 2016) to ST Shipping & Transport for one year, with the ship due for delivery in East Asia, brokers reported.
The Glencore subsidiary is said to be paying $11,000 per day for the first three months and $14,500 per day for the remaining period.
