Hahn & Co has locked a recently purchased VLCC newbuilding into a five-year charter with Hyundai Oilbank that should be worth $86.5m in revenue.

Several European tanker brokers said the South Korean refiner is paying $48,000 per day for the 300,000-dwt tanker Ghillie (built 2019), which is under construction at DSME.

As TradeWinds reported, the privately owned South Korean equity investment firm paid $103m for the scrubber-fitted tanker, which is due to be delivered from the yard next month.