Traditional spot market player Nordic American Tankers (NAT) has fixed one of its suezmax tankers on a one-year charter in a move described as an "insurance policy".
The unnamed ship has been fixed to an unnamed oil company at $20,000 per day starting in November plus options for two more years at "significantly higher rates".
The US-listed Herbjorn Hansson-led tanker owner said the operating cash break-even for its vessels are $8,000 per day per ship.
