Vitol has fixed two of Dong A Tanker’s LR2 product tanker newbuildings on six-year timecharters.
The as yet unnamed 115,000-dwt vessels are still under construction at Hyundai Samho in South Korea and are scheduled for delivery in 2016.
Both vessels have been fixed at a rate of $22,500 per day, with the respective contracts commencing in March and May 2016 and terminating in 2022.
The fixtures are the longest reported timecharters of LR2 tankers seen in years.
London-based shipbroker Alibra Shipping this week estimates rates for a five-year LR2 timecharter at $25,000 per day.
