MR trio tied up for a year as period rates lag

A trio of shipowners have forged year-long deals for MR product tankers even as rates for period deals remained at the lowest level since September.

European shipbrokers said Marflet Marine of Spain has chartered out its 45,500-dwt Mattheos I (built 2004) to Ecuador’s Flopec for a year at $14,350 per day. The Mattheos I is coming off a charter to Navig8.