Tanker charterers are seeking to secure VLCCs for longer terms as rates rise, Euronav has revealed.
The period sector is “beginning to show some positive signs of life”, the Belgian shipowner said in its second-quarter results statement.
More than 15 VLCC time charters with a duration of 12 months or more have been agreed so far in 2022, compared with just 10 in 2021.
