Kyklades Maritime of Greece has locked a suezmax tanker newbuilding into a term charter with Swiss-based trader Trafigura for up to 18 months, European brokers said.

The rate for the 157,000-dwt Kimolos (built 2018), which is due for delivery from Japan Marine United (JMU) this year, is believed to be $20,000 per day.

The Athens-based tanker owner reportedly ordered the ship at JMU for $65m in September 2015.