05
Mon, May

Sinokor ups VLCC exposure as term charter rates rise in hot market

Sinokor ups VLCC exposure as term charter rates rise in hot market

South Korean owner Sinokor Maritime Co is reported to have increased its VLCC term cover against a background of rising spot rates.

Brokers said the company has booked a scrubber-fitted

South Korean owner Sinokor Maritime Co is reported to have increased its VLCC term cover against a background of rising spot rates.

Brokers said the company has booked a scrubber-fitted pair of tankers for a year each.

The 299,000-dwt Eagle Venice (built 2016), owned by AET Tankers in Singapore, has secured $52,500 per day, while Greek owner Evalend Shipping’s 300,000-dwt Babylon (built 2020) managed $54,500.

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