South Korea’s Sinokor Merchant Marine has secured long-term charters for all four of its VLCC newbuildings at Hyundai Heavy Industries in inter-Korean deal.

European shipbrokers say South Korean energy company GS Caltex has snapped up two 299,000-dwt tankers for 10 years each, with an option to extend the charter hire for five more years.

The duo are said to have been fixed at around $30,000 per day.