Greek shipowner Okeanis Eco Tankers is training its sights on West African VLCC business to battle the headwinds facing the sector.
The Oslo-listed company said it had concluded "multiple" longer West Africa to China voyages late in the third quarter to lock in prevailing strong rates.
For the fourth quarter, Okeanis has 100% of the available VLCC spot days booked at an average rate of $24,000 per day.