Olympic Shipping secures charters for VLCC duo

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.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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