Trading houses have been busy fixing product tankers and VLCC newbuildings on period charters as opportunities for contango plays emerge in Europe.
Brokers reported that Glencore subsidiary ST Shipping and Transport has booked the Odfjell-owned, Hafnia-managed 81,300-dwt Bow Pioneer (built 2013) at $17,500 per day on a three-month storage charter.
The deal can be extended by another three months at $18,500 per day.
