Tanker Investments Ltd (TIL) has tied-up two of its suezmax tankers for a year each as it looks to offset the expected volatility in the tanker market.
The 156,870-dwt Tahoe Spirt (built 2010) and the 159,000-dwt Shenlong Spirits (built 2009) have been earning $19,750 per day since late-March and early April respectively, the shipowner confirmed Thursday.
TIL said the two fixtures has increased its fixed-rate coverage to 22% for the majority of 2017 which will help offset the weaker rates expect during the rest of the year.
