The shipowner also reveals that there is a profit-split ele-ment to the deal and it will secure minimum revenues of $5m during the period, or $13,900 per day.

Brokers are a bit unsure how to judge the deal as there is no disclosure of the name of the vessel nor any clues as to its age or size.

TEN has eight MR tankers that the company describes as handysizes of 37,000 dwt and six larger MRs that it refers to as handymaxes.

London