First Ship Lease has confirmed a long-term contract for a spot-trading products tanker.

Petrobras has swallowed the 47,000-dwt FSL Singapore (built 2006) for a three-year period, a statement from the Philip Clausius-led company says.

The deal, first reported by tradewindsnews.com last week, is worth $14,000 daily and will begin in the second quarter.

It was one of six tankers taken in by the Brazilian energy superpower.

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