Chief executive Angeliki Frangou pointed to recent two-year VLCC charters at more than $40,000-per-day as signs of the increasing attractiveness of longer contracts.

“The rate environment has definitely moved up and duration has moved,” Frangou said during an earnings briefing for New York-listed Navios Maritime Midstream Partners. “We are not shy to do longer periods and this is something that we are targeting.”

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