Norden has reportedly chartered out two MR product tankers for up to two years at strong rates, riding a spike in spot earnings and optimistic longer-term prospects.

The Danish shipowner fixed the 49,999-dwt Nord Magic and Nord Minute (both built 2009) to Clearlake Shipping at $14,950 per day for 12 months, brokers said. The deals are said to include an option to extend by another year at $18,750 per day.