Tanker asset prices have been tipped to rise much higher following news of a strong term rate for a Scorpio Tankers LR2.
The US-listed owner has fixed out the 110,000-dwt STI Lombard (built 2015) for three years at a rate of $32,750 per day.
The unnamed charterer has the option to extend the term for 12 months at the higher rate of $34,750, indicating a belief in stronger product tanker markets ahead.
