Independent Tankers Corp (ITC) has avoided the axing of another VLCC charter by oil major Chevron.



The John Fredriksen-controlled company said on Friday that the charterer will continue its deal for the 310,000–dwt Phoenix Voyager (built 1999) for over two more years.

Phoenix Voyager.

Chevron Transport Corp had in June given ITC a heads-up nine months in advance that it was considering quashing the bareboat charter of the vessel at $28,500 a day.



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