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.