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Olympic Shipping secures charters for VLCC duo

Olympic Shipping secures charters for VLCC duo

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Greek owner Olympic Shipping and Management has fixed charter contracts for two VLCCs, including a newbuild currently under construction at Hyundai Heavy Industry.

According to broking sources, Olympic Shipping’s newbuild VLCC Olympic Lady has secured a seven-year contract from ExxonMobil at a day rate of $30,000. Olympic Shipping just acquired the resale newbuild from compatriot owner Metrostar Management in February.

In addition, Olympic Shipping was awarded a one-year contract from Shell for its VLCC Olympic Liberty at a day rate of $27,500.

Olympic Shipping is continuing the expansion of its fleet. It acquired two newbuild suezmax tankers from Arcadia Shipmanagement earlier this month.

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Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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