Rare LR3 tanker fixed by Aramco

Egypt’s Arab Maritime Petrol­eum Transport Co (AMPTC) has secured a potential premium for one of its new long-range-three (LR3) products tankers fixed for a year with Saudi Aramco.

The 158,000-dwt Sea Shell (built 2016) has been taken for six months at $22,000 per day with an option for six more months at $26,000 per day. Oslo broker Fearnleys says the one-year rate for standard suezmaxes is $19,000 per day.

LR3 ships are very rare. AMPTC ordered six at Hyundai Heavy Industries for $65m each. Two of them, including the 158,000-dwt Star Energy (built 2016), have been delivered.

In addition to six LR3 tankers with ice-class 1C, AMPTC has four long-range-two tankers, a medium-range (MR) tanker, two aframaxes and two very large gas carriers that are trading.

Meanwhile, Norway’s Statoil has shortlisted four or five offers in its tender for the long-term charter of MR tonnage. It could go for one or two tankers for up to three years. Statoil is tightlipped about the process.

Phillips 66 is also tendering for MR tonnage for one to three years, but little information is available.