The fixture adds to a string of record-setting deals emerging in the resurgent VLCC market, where owners are locking in premium returns on period business ... .
VLCC charter rates have pushed back into six-figure territory, with DHT Holdings (NYSE.DHT) securing a one-year time charter at $105,000 per day for the 2011-built DHT Redwood — one of the highest publicly disclosed fixtures of the current rally.
Towards the end of last week, Teekay Tankers exited the VLCC sector, selling the 2013-built, 318,700 dwt SingaporeSpirit — formerly Hong Kong Spirit — for $84.5m ... According to shipbroker Xclusiv, 15-year-old VLCC values have surged year-on-year.