It indicates that the current firm spot market could last for some time.

Shipping Corp of India (SCI) is understood to have secured a seven-month time charter for its 299,000-dwt Desh Vaibhav (built 2005) at $33,000 per day. However, the identity of the charterer is unclear.

Last December, the VLCC was fixed by Navig8 for six months, with options for six more months, at $24,500 per day.

In