Sources say the 441,000-dwt TI Europe (built 2002) has been fixed by Unipec for up to a year’s storage in Singapore.

The deal is initially for six months at $25,600 per day, with an option for six more months at $28,600 per day.

The tanker has recently been operating spot.

Oslo broker Fearnleys says a one-year time charter for a VLCC is worth $28,500 per day.

The