Euronav has reportedly time chartered out one of its young VLCCs at a stronger-than-expected rate, defying weakness in recent spot trading and reaffirming underlying market confidence.
Brokers reported the 299,999-dwt Desirade (built 2016), which had been trading in the Tankers International Pool, was fixed to Koch Industries for a year at $37,500 per day.
The deal can be extended by another 12 months.
