Neda Maritime Agency of Greece and Italy's Premuda have attained significantly lower period-charter rates on a pair of LR2 product tankers than achieved in recent years.

Lykiardopoulos family-controlled Neda has reached an agreement with Swiss trader Trafigura to extend the charter of the 110,000-dwt Seriana (built 2015) for a year at $15,500 per day, European brokers said.