Singapore-based tanker operator Elite Tankship will welcome a fourth LR2 tanker to its fleet in November, when it takes delivery of a newbuilding chartered from Glencore subsidiary ST Shipping.

Brokers report the Mangish Kakodkar-led company has fixed ST Shipping’s 115,000-dwt MH Highlander for 12 months at $52,000 per day.

Metrostar newbuilding fixed to expanding tanker operator for a year
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The rate will see the scrubber-fitted, methanol dual-fuel-ready ship, due to be delivered by Jiangsu New Hantong Ship Heavy Industry, earn $18.9m