NGM Energy has fetched a stronger-than-expected rate on a one-year deal for a 19-year-old suezmax tanker.
The Moundreas family company has chartered the 150,000-dwt A Symphony (built 2001) to Petco Energy of the United Arab Emirates. Some brokers said the rate was $37,000 per day, although others cite it at $35,000 per day.
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For a tanker of this vintage, a $37,000-per-day charter would show strength in the period market.
